Purpose

The UAE foreign exchange market is an emerging forex market that has developed in recent years. With its unique geographical location, open financial policies, and advanced financial infrastructure, it has gradually become one of the important hubs for global forex trading. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, the survey team went to the UAE for an on-site visit.

Process

The site inspection team went to the UAE as planned to visit forex broker Antares Capital on-site. According to public information, its office address is 018, Parklane Tower, Dubai - UAE.

The professional and experienced on-site inspection team, with a sense of mission to strictly safeguard investors, followed a meticulous plan and traveled to the United Arab Emirates. They conducted an on-site verification of the broker Antares Capital, which claimed to be located at 018, Parklane Tower, Dubai - UAE.

The on-site inspectors arrived at Parklane Tower, which is located in the center of Dubai and is a super luxury office building with a bustling surrounding environment and strong commercial atmosphere. However, no company logo or related information for Antares Capital was found outside the building.

The inspectors entered the first floor of the building and, after stating their purpose to the security guard, obtained permission to enter. However, no complete directory board was found on the first floor, and no information related to Antares Capital was found.

Since the address did not specify a specific floor, the inspectors could not confirm whether the company exists in this building, nor could they reach a specific floor to confirm its exact location. Naturally, they could not enter the company premises, take photos of the reception desk or its logo, and the office was not a shared office.

Through the glass door, because they could not enter the company, the inspectors were unable to observe the internal environment, decoration style, and employee activities. Overall, it was impossible to confirm whether it matches the positioning claimed by the broker.

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

Conclusion

The on-site inspectors went to the UAE as planned to visit forex broker Antares Capital, but did not see the broker's company name or other information at its publicly displayed business address, indicating that the broker does not have a real business premises. Investors should make their choices after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and do not constitute a basis for final decision.