Purpose

The UAE forex market is an emerging forex market that has developed in recent years. With its superior geographical location, open financial policies, and developed business environment, it has attracted the attention of many international financial institutions and investors. In order to help investors or practitioners more comprehensively understand the forex dealers in the region, the survey team went to the UAE for an on-site visit.

Process

This time, the field survey team visited the forex broker Kana Capitals in the UAE as planned. According to public information, its office address is Office No 1402 - 1403, Single Business Tower, Business Bay, Dubai, U.A.E.

A professional and experienced inspection team, with a sense of mission to strictly check for investors, went to the UAE according to a well-planned schedule. They conducted an on-site inspection of the broker Kana Capitals, which claims to be located at Office No 1402 - 1403, Single Business Tower, Business Bay, Dubai, U.A.E.

The inspection personnel arrived at Single Business Tower smoothly. This location is in the center of Dubai, a super luxury office building, with a metro station right next to it, surrounded by a bustling environment and a strong commercial atmosphere. However, no company logo or relevant information of Kana Capitals was found outside the building.

The inspection personnel entered the lobby on the ground floor of the building, explained their purpose to the security guard, and obtained permission to enter.

After arriving at the target floor 14, the inspection personnel found a floor directory, but at office 1402-1403, there was another company. They asked the employees of that office, who said the address was correct, but they had never heard of the company Kana Capitals. Since the office was the workspace of another company, the inspection personnel could not enter the interior, nor could they take photos of the reception desk and its logo, and this was not a shared office.

Through the glass door, because it was the workspace of another company, it was impossible to observe the internal environment of Kana Capitals company, etc. Obviously, the overall situation does not match its claimed location.

Therefore, after the inspection, it was confirmed that the broker Kana Capitals does not exist at the above address.

Conclusion

The on-site inspection team visited the forex broker Kana Capitals in the UAE as planned. At its publicly displayed business address, the broker's company name or other identifying information was not visible, indicating that the broker does not have a genuine place of business. Investors should make their decisions after comprehensive consideration.

Disclaimer

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