Purpose

The UAE foreign exchange market is an emerging forex market that has developed in recent years. Due to its advantageous geographical location, open financial policies, and advanced financial infrastructure, it has attracted the attention of numerous international financial institutions and investors. In order to help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, the field inspection team went to the UAE to conduct on-site visits.

Process

This time, the investigation team went to the UAE as planned to conduct an on-site visit to the forex broker Regal Broker. According to public information, its office address is 50th Floor, Aspin Commercial Tower 106 Sheikh Zayed Road – Dubai.

A professional and experienced on-site inspection team, with a sense of mission to strictly check for investors, went to the United Arab Emirates according to a meticulous plan. They conducted an on-site verification of the broker Regal Broker claimed to be located at "50th Floor, Aspin Commercial Tower 106 Sheikh Zayed Road – Dubai".

The on-site inspectors arrived smoothly at Aspin Commercial Tower, which is located in downtown Dubai, surrounded by a bustling environment and a strong commercial atmosphere. This building is a super-luxury office building, but no company logo or related information of Regal Broker was found outside the building.

The on-site inspectors entered the lobby of the building and stated their purpose to the security guard. After communication, although they were allowed to enter the lobby, due to strict security in the office building, they could not enter the interior without an appointment.

The on-site inspectors photographed the directory information in the lobby. Upon careful inspection, they found that the directory did not have the name of Regal Broker company. Due to the lack of an appointment and strict security, the inspectors could not reach the target floor, the 50th floor, and thus could not confirm the specific location of the company, nor could they enter the company's interior. They also could not photograph the front desk or its logo. This office is not a shared office.

Through the glass door, since they could not enter the interior, they could not observe the company's internal environment, decoration style, and employee activities. Therefore, after the inspection, it was confirmed that the broker Regal Broker does not exist at the above address.

Conclusion

As planned, the field inspectors went to the UAE to conduct an on-site visit to the forex dealer Regal Broker. At its publicly displayed business address, they could not see the dealer's company name or other information, indicating that the dealer does not have a real place of business. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

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