Purpose

The UAE foreign exchange market is a highly dynamic forex market that has developed in recent years. With its advantageous geographical location, open financial policies, and developed business environment, 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 this region, the field survey team visited the UAE for on-site inspections.

Process

The on-site inspection team went to the UAE as planned to visit forex broker ZYPROFX, and according to public information, its office address is B - 140, AL SAQR BUSINESS TOWER, SHEIKH ZAYAD ROAD, DUBAI.

A professional and experienced on-site verification team, with a sense of mission to strictly scrutinize for investors, went to the United Arab Emirates according to a meticulous plan. They conducted an on-site inspection of the broker ZYPROFX, which claims to be located at B - 140, AL SAQR BUSINESS TOWER, SHEIKH ZAYAD ROAD, DUBAI.

The on-site verification personnel arrived at AL SAQR BUSINESS TOWER smoothly. The building is located in downtown Dubai, a super luxury office building in the city center, with a bustling surrounding environment and a strong business atmosphere. No signage or relevant information of the company was found outside the building.

The on-site verification personnel entered the first floor of the building, stated their purpose to the security guard, and obtained permission to enter.

Although there is a directory on the first floor of the building, after careful inspection, no relevant information about ZYPROFX was found. Unable to confirm the specific floor and location, the verification personnel could not reach the target floor. So they could not confirm whether the company's office area has obvious signage or security measures, nor could they enter the company's interior, and they could not take photos of the reception area and its logo. The office is not a shared office.

Through the glass door, because they could not enter the company, the verification personnel could not observe the internal environment, decoration style, and employee activities. Overall, the actual situation of the company does not match its claimed positioning.

Therefore, after verification, it is confirmed that the broker ZYPROFX does not exist at the above address.

Conclusion

The inspection team went to the UAE as planned to conduct an on-site visit to the forex broker ZYPROFX, but did not see the broker's company name or other information at its publicly displayed business address, indicating that the broker does not have a real business premises. Investors should make their decisions after comprehensive consideration.

Disclaimer

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