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 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 dealers in the region, the site inspection team went to the UAE for an on-site visit.

Process

This time, the inspection team went to the UAE as planned to visit the forex broker Leo Inc Limited in person. According to public information, its office address is #1101, 11th Floor, Westburry Business Tower, Business Bay, Dubai, UAE.

A professional and experienced site visit team, with a sense of mission to strictly scrutinize for investors, followed a meticulous plan and went to the United Arab Emirates. Based on the above information, they conducted an on-site inspection of the broker Leo Inc Limited.

The site visit personnel went to the Westburry Business Tower in Dubai based on the address information to conduct an on-site verification of the broker Leo Inc Limited, which claims to be located at #1101, 11th Floor, Westburry Business Tower, Business Bay, Dubai, UAE.

The site visit personnel successfully arrived at the Westburry Business Tower. The tower is located in the heart of Dubai, a super-luxury office building with a bustling surrounding environment and a strong business atmosphere. However, no signage or related information of Leo Inc Limited Company was found outside the building.

The site visit personnel entered the lobby of the building and explained their purpose to the security guard. After communication, although they were allowed to enter the lobby, due to the strict security of the building, they could not go upstairs without an appointment.

Inside the building, no directory listing for Leo Inc Limited Company was found, nor was the company's logo seen. Since they could not reach the target floor, they could not confirm the specific location of the company, let alone enter the company. At the same time, they were unable to take photos of the reception desk and its logo, and the office is not a shared office.

From the lobby area, since they could not enter the company, they could not observe the internal environment, decoration style, or employee activities. Overall, due to the lack of a complete directory listing on the first floor, it was impossible to confirm whether the company actually exists. Even when asking the front desk, without an appointment, the front desk could not provide more information.

Therefore, after the site visit, it was confirmed that the broker Leo Inc Limited does not exist at the above address.

Conclusion

The field inspection personnel went to the UAE as planned to conduct an on-site visit to forex broker Leo Inc Limited. However, the company name and other information of the broker were not displayed at the publicly shown business address, 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 should not be used as the basis for final decisions.