Purpose

The UAE foreign exchange market is an emerging offshore financial and forex market that gradually developed in the 1990s. Leveraging Dubai's strategic location as a financial hub in the Middle East, it has attracted a large number of forex dealers from around the world and is one of the regions in the Middle East with the highest forex trading activity and the most frequent cross-border capital flows. In order to help investors or practitioners gain a more comprehensive understanding of the forex dealers in this region, the site inspection team conducted an on-the-ground visit to the UAE.

Process

This issue's on-site inspection team went to the UAE as planned to visit forex broker ATG, according to public information, its office address is DSO-IFZA Properties, Dubai Silicon Oasis, UAE.

A professional and experienced on-site inspection team, with the mission of strictly checking for investors, traveled to the UAE according to a carefully planned schedule to conduct an on-site verification of broker ATG, which claims to be located at DSO-IFZA Properties, Dubai Silicon Oasis, UAE.

The team arrived smoothly at the target building. The location is situated in a large commercial park in a suburban area of Dubai. The surrounding environment is generally open, with the park consisting mainly of low-density business buildings. The business atmosphere is more characteristic of an industrial park.

No company signs or promotional information related to ATG were found on the exterior of the building. Only the building's own project nameplate was visible.

The inspectors entered the building lobby and stated their purpose to the security guards or staff. After registration, they were granted access to the public areas of the building.

There was no complete floor directory board in the building, so it was impossible to quickly locate ATG's position through the directory. No LOGO signs bearing the name of ATG were found in the public areas of the building either. It was impossible to confirm the specific floor corresponding to the broker, and no office area of ATG was found. There were no obvious company signs or corresponding security measures.

Since the target office location could not be identified, no independent office space of ATG was found throughout the entire process. It was impossible to enter any internal area belonging to the broker. Neither the corresponding company reception desk nor the reception LOGO could be photographed. In addition, the site is not a shared office type.

Since no office location corresponding to ATG was found throughout the entire process, it was impossible to observe the company's internal office environment. The relevant areas are not open to the public. The overall on-site situation is completely inconsistent with the business address information publicly claimed by the broker.

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

Conclusion

As planned, the on-site inspectors went to the UAE to conduct a field visit to forex broker ATG. However, at its publicly disclosed business address, they did not see the broker's company name or any other information, indicating that the broker does not have a real business location. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

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