Purpose

The UAE foreign exchange market is an emerging forex market that has developed in recent years. With its advantageous geographical location, open financial policies, and developed business environment, it has attracted the attention of many international financial institutions and investors. To help investors or practitioners gain a more comprehensive understanding of forex dealers in this region, the survey team conducted an on-site visit to the UAE.

Process

This issue's on-site inspection team planned to visit the forex broker FXKEY LTD in the UAE. According to public information, its office address is 107, 1st Floor, MetroPolis Tower, Business Bay, Dubai, UAE.

A professional and experienced site inspection team, with a sense of mission to strictly screen for investors, went to the UAE according to a meticulous plan. They conducted an on-site verification of the broker FXKEY LTD claiming to be located at 107, 1st Floor, MetroPolis Tower, Business Bay, Dubai, UAE.

The site inspectors arrived smoothly at MetroPolis Tower, a super luxury office building in the center of Dubai, located in the business district of Dubai, with a bustling surrounding environment and a strong business atmosphere. However, no company logo or related information of FXKEY LTD was found outside the building.

The site inspectors entered the lobby of the building, explained their purpose to the security guard, and after communication, obtained permission to enter.

After arriving at the target floor, the 1st floor, the site inspectors found that Office 107 at the corresponding address was an empty office with no logo information. Since the office was empty and had no relevant signage, the site inspectors could not enter the interior and were unable to photograph the reception desk or its logo. The office was not a shared office.

Through the glass door, the site inspectors observed that the office was completely empty, and the overall environment did not match its claimed normal operational status.

Therefore, after the site inspection, it was confirmed that the broker FXKEY LTD does not exist at the above address.

Conclusion

The survey team went to the United Arab Emirates as planned to visit the forex broker FXKEY LTD in person. At its publicly displayed business address, they could not see the company name or other information of the broker, indicating that the broker does not have a real business premises. Please make your choice after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and do not serve as the basis for final decisions.