Purpose

The UAE foreign exchange market is an emerging forex market that has developed in recent years. With its advantageous geographical location, open economic policies, and advanced financial infrastructure, it has gradually become a forex trading hub in the Middle East. In order to help investors or practitioners gain a more comprehensive understanding of the forex dealers in the region, the field inspection team visited the UAE for an on-the-ground survey.

Process

This inspection team plans to visit the forex broker AlforbFX in the UAE on-site, according to public information its office address is 1611, The prism towers, Business Bay, Dubai. UAE.

The professional and experienced on-site inspection team, with a sense of mission to strictly vet for investors, traveled to the UAE according to a meticulous plan. They conducted an on-site verification of the broker AlforbFX, which claims to be located at 1611, The prism towers, Business Bay, Dubai. UAE.

The on-site inspection personnel successfully arrived at The prism towers, which is located next to a luxury office building in the center of Dubai, UAE, right next to the Burj Khalifa. The surrounding area is bustling with a strong commercial atmosphere. However, no company logo or relevant information was found on the exterior of the building.

The inspection personnel entered the ground floor of the building and explained their purpose to the security guard. After communication, they were granted permission to enter the lobby, but because they had not made an appointment, they were not allowed to go upstairs.

On the company directory on the ground floor of the building, no information about AlforbFX was seen, and they were unable to reach the target floor 1611, so they could not confirm whether the broker's office area had prominent signs or security measures. Since they had no appointment and the security guard did not allow them to go upstairs, the inspection personnel could not enter the interior, nor could they photograph the front desk or the front desk LOGO. The office is not a shared office.

Because they could not enter the company interior, they were unable to observe the internal environment, decoration style, employee activities, etc., making it difficult to judge whether the overall environment matches its claimed positioning.

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

Conclusion

The on-site inspection team went to the UAE as planned to visit the forex broker AlforbFX in person. At the 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 are advised to make their decision after comprehensive consideration.

Disclaimer

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