Purpose

The UAE forex market is an emerging offshore forex trading market developed over the past two decades. Leveraging Dubai's geographical advantage as a financial hub in the Middle East, it brings together a large number of licensed forex institutions serving global investors, making it the core market in the Middle East with the highest forex trading activity and a gradually improving regulatory system. To help investors gain a more comprehensive understanding of the actual operations of forex dealers in the region, the on-site inspection team traveled to the UAE for a field visit.

Process

This time, the field inspection team went to the UAE as planned to visit forex broker REDROCK MARKETS on site, and according to public information, its office address is Office 2601, Bayz Tower Business Bay Dubai, United Arab Emirates.

The professional and experienced site inspection team, with a sense of mission to strictly safeguard investors' interests, followed a meticulous plan and traveled to the United Arab Emirates to conduct an on-site verification of the broker REDROCK MARKETS, which claims to be located at Office 2601, Bayz Tower Business Bay Dubai, United Arab Emirates.

Upon arriving at the target location, it can be seen that the building is an apartment complex in downtown Dubai. The surrounding area is part of the core mixed-use commercial and residential district of Business Bay. The overall environment is clean, but the commercial atmosphere is moderate. No company signage or promotional information related to REDROCK MARKETS was found outside the building, and no related logo display of the broker was captured.

After entering the lobby on the first floor of the building, we stated our purpose to the security personnel. After a brief communication and registration, we obtained permission to enter the lobby area. Throughout the process, we did not find REDROCK MARKETS's company name on the building's directory display areas inside, and no logo of the broker appeared either inside or outside the building.

Due to the strict security management of the building, non-registered residents or tenants are not allowed to go upstairs, making it impossible to reach the specific location on the 26th floor for further confirmation. Neither could we enter the broker's office area, nor could we photograph the corresponding front desk or its front desk logo. This location does not fall under the category of shared offices.

Restricted by the control requirements that prevent us from going upstairs, we were completely unable to observe the company's internal environment, decoration style, or employee activities, and had no way to verify whether its claimed operational positioning is consistent.

Therefore, after the site inspection, it is confirmed that the broker REDROCK MARKETS does not exist at the publicly stated address above.

Conclusion

The field inspectors visited the foreign exchange broker REDROCK MARKETS in the UAE as planned. At its publicly displayed business address, they could not see any relevant information such as the broker's company name, indicating that the broker does not have a real public business premises. Investors are advised to comprehensively consider multiple sources of information before making trading decisions.

Disclaimer

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