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 economic environment, it has attracted many international forex brokers. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the inspection team went to the UAE for on-site visits.

Process

This time, the on-site survey team went to the UAE as planned to visit forex broker Global BestFX, according to public information, its office address is The Maze Tower, Level 16, Office No.1602, Sheikh Zayed Road, Dubai - UAE.

The professional and experienced site survey team, with a mission to act as a strict gatekeeper for investors, traveled to the United Arab Emirates according to a meticulously planned itinerary. They conducted an on-site inspection of the broker Global BestFX which claims to be located at The Maze Tower, Level 16, Office No.1602, Sheikh Zayed Road, Dubai - UAE.

The site surveyors arrived smoothly at The Maze Tower. The building is located in the heart of Dubai and is an ultra high-end office building, surrounded by a bustling environment with a strong commercial atmosphere. No company signage or related information for Global BestFX was found on the exterior of the building.

The site surveyors entered the building lobby and stated their purpose to the security guard. After communicating, they learned that the office building has strict security and requires an appointment in advance to go upstairs.

They saw the building directory in the lobby; however, the directory did not contain any information about Global BestFX.

Because they had not made an appointment and security was strict, the site surveyors were unable to obtain entry permission. They could not reach the target floor, the 16th floor, to confirm the specific location, nor could they enter the company's interior, let alone take photos of the front desk and its logo. The office is not a shared office.

Through the lobby, the site surveyors were unable to observe the company's internal environment, and the overall situation could not be confirmed as to whether it matches its claimed positioning.

Therefore, after the site survey, it was confirmed that the broker Global BestFX does not exist at the above address.

Conclusion

The site inspection team went to the UAE as planned to visit the forex dealer Global BestFX, and at its publicly displayed business address, they could not see the company name or other information of the dealer, indicating that the dealer does not have a real business premises. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

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