Purpose

The UAE forex market is an emerging regional forex trading market that has developed over the past two decades. Leveraging Dubai's geographical advantage as the Middle East's financial hub, it has gathered a large number of forex brokers from around the world. The regulatory environment in the region has gradually become more standardized, making it the core market with the highest forex trading activity in the Middle East. To help investors gain a more comprehensive understanding of the actual operating conditions of forex brokers in the region, the field inspection team traveled to the UAE for an on-site visit.

Process

In this issue, the on-site inspection team traveled to the United Arab Emirates as planned to conduct an on-site visit to forex broker AQUAMARKETS. According to public information, its office address is StartupRouter Business Center, #101-106, Al Garoud Center, Al Garoud, Dubai, United Arab Emirates.

The professional and experienced on-site inspection team, with a sense of mission to strictly safeguard investors, proceeded to the United Arab Emirates according to a well-planned schedule. They conducted an on-site verification of the broker AQUAMARKETS, which claims to be located at StartupRouter Business Center, #101-106, Al Garoud Center, Al Garoud, Dubai, United Arab Emirates.

Arrived smoothly at the Al Garoud Center office building, which is located in a relatively remote area of Dubai. The surrounding environment is generally tidy, the commercial atmosphere is average, and the overall exterior condition of the office building is good. It is not far from a metro station. No company signage or information related to AQUAMARKETS was found outside the building.

The relevant personnel entered the first-floor lobby of the building, stated their purpose to the staff, and after a brief communication and registration, successfully obtained entry permission and were able to move freely in the lobby area.

After checking the complete floor directory set up on the first floor, no company name entry marked AQUAMARKETS was found, nor was there any relevant indication that the 101-106 area belonged to this broker. It was impossible to confirm the specific floor location corresponding to the broker, and it was also not possible to go to the corresponding target floor for further verification.

There was no obvious exclusive signage belonging to AQUAMARKETS in this office area. Because the specific location could not be confirmed, it was also impossible to enter the so-called broker's office interior. Throughout the process, no reception desk or reception desk LOGO bearing the AQUAMARKETS mark was photographed. The corresponding area indicated by this address is a shared office, not an office space independently used by AQUAMARKETS.

Because the specific office location of AQUAMARKETS could not be located, it was impossible to observe the company's internal environment through the relevant area, nor were there any signs that the company had employees conducting related business activities at the site. The overall situation does not match the broker's claim of establishing an independent business premises here.

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

Conclusion

The on-site inspectors went to the UAE as planned to conduct an on-site visit to forex broker AQUAMARKETS. At its publicly displayed business address, they could not see information such as the broker's company name, indicating that the broker does not have actual business premises. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and should not be taken as the final basis for selection.