Purpose

The UAE foreign exchange market is a core offshore forex trading market in the Middle East that has gradually developed over the past two decades. Leveraging Dubai's geographical advantage as a global financial hub, it has attracted a large number of forex brokers from around the world to set up operations. With a high degree of market openness and strong cross-border trading activity, it is an important forex trading distribution center radiating across the Middle East and North Africa. To help investors and practitioners gain a more comprehensive understanding of the actual operating conditions of forex dealers in the region, the survey team conducted an on-site visit to the UAE.

Process

This time, the on-site inspection team planned a trip to the UAE to visit forex broker LIG Broker. According to public information, its office address is UAE - Dubai - Sheikh Khalifa Bin Zayed Street.

A professional and experienced site inspection team, driven by the mission of strictly protecting investors' interests, traveled to Dubai, UAE, according to a well-planned schedule. Based on the above information, they conducted an on-site visit to the broker LIG BROKER.

The public address visited this time only mentioned Sheikh Khalifa Bin Zayed Street in Dubai. The address information was severely incomplete. Along the entire street, there are dozens of commercial buildings with different functions and supporting public facilities, with no specific street number or building label. It was completely impossible to locate the office building claimed by the broker in the corresponding area, and the company's exact location could not be determined at all.

After repeated inspections along the entire street, no signs or clues related to LIG BROKER were found, nor could the target building corresponding to the broker be identified. No office point within the street matched the broker's information, and there was no opportunity to take a full view of the building throughout the process.

Since even the target building could not be confirmed, it was naturally impossible to enter any relevant company lobby, let alone communicate or register with the building's security or staff. There was no chance of entering any related building at all.

Throughout the process, the target floor could not be located, and there was no way to confirm the specific office location claimed by the broker. There was no opportunity to access the broker's office area, nor were there any obvious signs or security measures, making it impossible to enter the broker's internal premises. This site inspection confirmed that the front desk and its LOGO could not be photographed, and the site is not a shared office.

There was no opportunity to observe the broker's internal environment through the glass door or front desk area. It was impossible to learn about its decoration style or staff activity, and there was no way to verify whether it matched its publicly claimed business positioning. The relevant areas were simply not accessible.

Therefore, after the site inspection, it was confirmed that the broker LIG BROKER does not exist at the above disclosed address.

Conclusion

The surveyors went to the UAE as planned to conduct an on-site visit to forex broker LIG BROKER. At its publicly displayed business address, they could not find any relevant information such as the broker's company name, indicating that the broker has no real business premises. Investors should make their choices after comprehensive consideration.

Disclaimer

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