Purpose

The UAE forex market is an emerging offshore financial forex market that has developed over the past two decades. Leveraging Dubai's geographical advantage as the financial hub of the Middle East, it has brought together a large number of licensed financial trading institutions from around the world, making it a core transit node connecting foreign exchange flows across Europe, Asia, and Africa. To help investors or practitioners gain a more comprehensive understanding of the forex dealers in the region, the inspection team traveled to the UAE for an on-site visit.

Process

This time, the on-site inspection team traveled to the UAE as planned to visit the forex broker BANK OF SOLIDUS, and according to public information, its office address is Office 1921, 19th Floor, Blue Bay Tower Marasi Drive, Business Bay Dubai, United Arab Emirates.

The professional and experienced on-site inspection team, with the mission of strictly safeguarding investors, traveled to the United Arab Emirates in accordance with meticulous planning. An on-site inspection was conducted on the broker BANK OF SOLIDUS claiming to be located at Office 1921, 19th Floor, Blue Bay Tower Marasi Drive, Business Bay Dubai, United Arab Emirates.

The team successfully arrived at the Blue Bay Tower building, which is located in an ultra-luxury office building cluster in downtown Dubai, situated in the core business district along Marasi Drive, with a bustling surrounding environment and a strong commercial atmosphere.

No relevant signage or external display information of BANK OF SOLIDUS was found outside the building. A full view of the building has been photographed and recorded. Entering the first-floor lobby of the building, the team stated their purpose to the security guards or staff. After routine visitor registration, they successfully obtained entry permission.

After arriving on the target floor, the 19th floor, the inspectors found that BANK OF SOLIDUS's office area had clear and independent access control signage. As no appointment had been made in advance, they could not enter the company. During this inspection, the front desk and its LOGO could be photographed. This office space is not a shared office.

Through the glass door, it was observed that the company's internal office environment was clean and spacious, with an overall atmosphere of prosperity and grandeur, fully consistent with its claimed high-end positioning as an international financial broker.

Therefore, after the on-site inspection, it was confirmed that the broker BANK OF SOLIDUS exists at the above-mentioned address.

Conclusion

The on-site inspection personnel traveled to the UAE as planned to physically visit forex broker BANK OF SOLIDUS. In the building at its publicly displayed business address, there was no complete company directory board, and no relevant signage of the broker was displayed on the exterior. However, on the corresponding 19th floor, the broker's independent office space was found, and a front desk with the brand logo was photographed, indicating that the broker has a genuine place of business. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

The above content and views are for reference only and do not serve as the basis for final decisions.