Purpose

The UAE foreign exchange market is a core offshore forex market in the Middle East that has developed over the past two decades. Relying on the policy dividends of the Dubai International Financial Centre (DIFC), it brings together a large number of global and regional financial trading institutions, serving as an important hub connecting foreign exchange flows across Europe, Asia, and Africa. In order to help investors or practitioners gain a more comprehensive understanding of forex dealers in the region, the site inspection team went to the UAE for an on-site visit.

Process

This issue's on-site inspection team went to the UAE as planned to visit forex broker PRIME CAPITAL FX. According to public information, its office address is rolex tower - sheikh zayed rd - trade centre - difc - dubai.

A professional and experienced on-site inspection team, driven by the mission to strictly safeguard investors, traveled to the UAE according to a well-planned schedule to conduct a field verification of the broker PRIME CAPITAL FX, which is claimed to be located at rolex tower - sheikh zayed rd - trade centre - difc - dubai.

The team successfully arrived at the targeted Rolex Tower, which is located at the core of an ultra-luxury office building cluster in downtown Dubai, adjacent to a metro station. The surrounding area features dense high-end commercial establishments and a strong business atmosphere. No company signage or promotional information related to PRIME CAPITAL FX was found outside the building.

The team entered the first-floor lobby of the building and stated their purpose to the lobby staff. After a brief information registration and communication, they were granted access to the lobby. However, upon a careful search inside the lobby, it was found that the first floor had no complete floor directory signage, nor did it indicate the corresponding floors of tenant companies, making it completely impossible to confirm the office floor of PRIME CAPITAL FX, let alone reach the specific floor to verify the relevant location.

Due to the absence of clear floor direction information, the team could not locate the office area of PRIME CAPITAL FX throughout the entire process. Naturally, there was no office location with distinct signage. They were unable to enter the company and had no opportunity to photograph the company's front desk or its front desk LOGO. The venue is also not a shared office.

Because the corresponding office area could not be located, there was no way to observe the company's internal office environment, and all relevant areas were inaccessible.

Therefore, after the on-site inspection, it was confirmed that the broker PRIME CAPITAL FX does not exist at the above address.

Conclusion

The field inspectors visited the forex broker PRIME CAPITAL FX in the UAE as planned. At its publicly displayed business address, they could not see the broker's company name or other information, indicating that the broker does not have a real business location. Investors should make their choice after comprehensive consideration.

Disclaimer

The above content and views are for reference only and shall not be used as the basis for final decisions.