Purpose

The UAE foreign exchange market is an emerging forex market that has developed rapidly in recent years. With its advantageous geographical location, open financial policies, and well-developed infrastructure, it has attracted the attention of many international financial institutions and investors. In order to help investors or practitioners gain a more comprehensive understanding of the forex dealers in this region, the on-site investigation team went to the UAE for a field visit.

Process

This field inspection team went to the UAE as planned to visit forex broker IBUTOKA on-site. 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 on-site inspection team, with a sense of mission to strictly screen for investors, went to the UAE according to a meticulous plan. They conducted an on-site verification of the broker IBUTOKA, which claims to be located at Unit OT 20 - 53, Level 20, Central Park Offices, DIFC, PO Box 507274, Dubai, UAE.

The inspection team arrived at Central Park Offices, which is located in the center of Dubai and is a super-luxury office building. The surrounding environment is bustling with a strong commercial atmosphere. No signage or related information of the company was found outside the building.

The inspection team entered the lobby of the building and stated their purpose to the security guard. After communication, they obtained permission to enter the building. However, the building's security arrangements are strict, and they could not go directly upstairs.

There is a complete directory board in the building, but the office information corresponding to IBUTOKA does not appear on it, so the specific location of the company could not be confirmed.

Since they could not reach the target floor, the inspection team could not enter the company's interior, nor could they photograph the front desk and its logo. This office is not a shared office. The internal office environment of the company could not be observed from the lobby.

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

Conclusion

The on-site inspection team visited the forex broker IBUTOKA in the UAE as planned. At the 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 place of business. Investors should make their choice after comprehensive consideration.

Disclaimer

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