Purpose

The UAE foreign exchange market is an emerging forex market that has developed in recent years. With its advantageous geographical location, open financial policies, and advanced financial 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 fact-finding team went to the UAE for an on-site visit.

Process

This survey team visited the UAE as planned to conduct an on-site visit to forex broker MALEYAT, according to public information its office address is MCG - Office 2502 Boulevard Plaza Tower 1 Downtown, Dubai, UAE.

A professional and experienced on-site verification team, with a sense of mission to safeguard investors, went to the UAE according to a meticulous plan. They conducted an on-site verification of the broker MALEYAT claiming to be located at MCG - Office 2502 Boulevard Plaza Tower 1 Downtown, Dubai, UAE.

The verification personnel arrived smoothly at Boulevard Plaza Tower 1, which is located in downtown Dubai, with a bustling surrounding environment and a strong commercial atmosphere. This is a landmark building, next to the Burj Khalifa and Dubai Mall, and also connected to a metro station. The building's decoration is very luxurious. The verification personnel photographed the building's directory, but the directory did not contain the information of MALEYAT company.

The verification personnel entered the lobby of the building and explained their purpose to the security guard. After communication, they obtained permission to enter.

Since the specific floor and location of the company could not be confirmed, the verification personnel were unable to reach the target floor. In this case, the verification personnel could not enter the company's interior and could not take photos of the front desk and its logo. This office is not a shared office.

Through the lobby, the verification personnel could not observe the company's internal environment. Since they were not allowed to enter, it was impossible to know whether the overall environment matched its claimed positioning.

Therefore, after the on-site verification, it was confirmed that the broker MALEYAT does not exist at the above address.

Conclusion

The surveyor went to the UAE as planned to visit the forex dealer MALEYAT in person. At the publicly displayed business address, the company name and other information of the dealer were not found, indicating that the dealer does not have a real business premises. Investors should make their decision after comprehensive consideration.

Disclaimer

The above content and views are for reference only and do not serve as the basis for final decisions.