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 attracted the attention of many international financial institutions and investors. To help investors or practitioners gain a more comprehensive understanding of forex dealers in the region, the inspection team went to the UAE for an on-site visit.

Process

This time, the on-site verification team plans to visit the forex broker TX Center in the UAE as scheduled. According to public information, its office address is Unit OT 20 - 53, Level 20, Central Park Offices, DIFC, PO Box 507274, Dubai, UAE.

A professional and experienced inspection team, with a sense of mission to strictly safeguard investors' interests, followed a meticulous plan and went to the United Arab Emirates to conduct an on-site inspection of the broker TX Center, which claims to be located at Unit OT 20 - 53, Level 20, Central Park Offices, DIFC, PO Box 507274, Dubai, UAE.

The inspectors arrived smoothly at the corresponding building, which is a super-luxury office building in downtown Dubai, surrounded by a bustling environment and a strong commercial atmosphere. The building has strict arrangements but a complete directory board. However, no information about TX Center was found on the directory board.

The inspectors entered the building lobby and stated their purpose to the security guard. After communication, they were granted permission to enter the lobby.

Due to the strict security of the office building, the inspectors were unable to reach the target floor, the 20th floor, could not confirm the specific location of TX Center, and were unable to enter the company's interior. They could not photograph the front desk or its logo. The office is not a shared office.

Through the glass door, the internal office environment could not be observed either. The overall situation does not match its claimed positioning.

Therefore, after the inspection, it was confirmed that the broker TX Center does not exist at the above address.

Conclusion

The field surveyor went to the UAE as planned to visit the forex broker TX Center in person. At its publicly displayed business address, the company name and other information of the broker could not be seen, indicating that the broker does not have a real business premises. Investors are advised to make their decisions after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and are not the basis for final selection.