Purpose

The UAE foreign exchange market is an emerging forex market that has developed in recent years. With its superior geographical location, open financial policies, and developed infrastructure, it has become an important foreign exchange trading center in the Middle East. In order to help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, the survey team went to the UAE for an on-site visit.

Process

This time, the on-site inspection team went to the UAE as planned to visit the forex broker ALT Markets. According to public information, its office address is Level 41, Emirates Towers, Sheikh Zayed Road, Dubai.

A professional and experienced survey team, with a sense of mission to strictly vet for investors, traveled to the United Arab Emirates according to a meticulous plan. They conducted an on-site verification of the broker ALT Markets claiming to be located at Level 41, Emirates Towers Sheikh Zayed Road, Dubai.

The surveyors smoothly arrived at Emirates Towers, a landmark building in downtown Dubai, adjacent to the landmark Museum of the Future, with a bustling environment and strong commercial atmosphere. The surveyors photographed the building's directory, but the floors on the directory correspond to different companies. No company signage or relevant information of ALT Markets was found either outside or inside the building.

The surveyors entered the building lobby and explained their purpose to the security guard. After communication, although they were granted permission to enter the lobby, due to strict company security, they were unable to go upstairs to film and could not reach the target floor, the 41st floor. Therefore, they could not confirm whether the office area of ALT Markets had clear signage or security measures, nor could they enter the interior, so they could not photograph the front desk or the front desk logo. This office is not a shared office.

From the lobby, the surveyors could not observe the company's internal environment, and the overall situation did not match its claimed positioning.

Therefore, after the survey, it was confirmed that the broker ALT Markets does not exist at the above address.

Conclusion

The on-site inspectors went to the UAE as planned to conduct an in-person visit to the forex broker ALT Markets. At its 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 serve as the basis for final selection.