Purpose

The UAE foreign exchange market is an emerging forex market that has developed in recent years. With its advantageous geographical location, open economic policies, and advanced financial infrastructure, it has gradually become an important forex 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 on-site inspection team visited the UAE for a field survey.

Process

This time, the survey team plans to visit the forex broker LivingTradeFX in the UAE on site. According to public information, its office address is Boulevard Plaza Tower 2 - Emaar Business Bay, Dubai, UAE.

A professional and experienced on-site inspection team, driven by the mission to strictly guard investors' interests, followed a well-planned itinerary to the UAE. They conducted an on-site verification of broker LivingTradeFX, which claims to be located at Boulevard Plaza Tower 2 - Emaar Business Bay, Dubai, UAE.

The on-site inspectors arrived smoothly at Boulevard Plaza Tower 2. The site is located in Dubai's city center, a landmark building adjacent to the Burj Khalifa and Dubai Center, connected to a metro station, with a strong commercial atmosphere. The building is luxuriously appointed. The inspectors photographed the building's directory, but found no company sign or related information for LivingTradeFX on the exterior of the building.

The inspectors entered the building's lobby, stated their purpose to the security guard, and were granted entry. However, inside the building, they found no company listing for LivingTradeFX in the directory, nor did they see its LOGO.

Since the exact location of the company could not be found, the inspectors could not reach the target floor to confirm the specific location, and naturally could not enter the company's interior. At the same time, they were also unable to photograph the front desk or its LOGO. The office is not a shared office.

Through the glass door, because they were unable to enter the company's interior, the inspectors could not observe the internal environment, decoration style, or employee activities. On the whole, no traces related to LivingTradeFX were found at this address.

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

Conclusion

The on-site surveyors traveled to the United Arab Emirates as planned to conduct a field visit to the forex broker LivingTradeFX. At its publicly displayed business address, they could not see the company name or other information of the broker, indicating that the broker does not have a real place of business. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

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