Purpose

The UAE foreign exchange market is an emerging forex market that has developed in recent years. With its advantageous geographical location, open financial policies, and advanced financial 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 brokers in the region, the survey team went to the UAE for on-site visits.

Process

The on-site inspection team for this edition went to the UAE as planned to visit forex broker SS World Forex, according to public information, its office address is Downtown Dubai, PO Box 31166, Dubai, United Arab Emirates.

A professional and experienced site visit team, with a mission to strictly vet for investors, followed a well-planned itinerary and went to the United Arab Emirates. They conducted an on-site inspection of the broker SS World Forex, which claims to be located at Downtown Dubai, PO Box 31166, Dubai, United Arab Emirates.

The site visit personnel arrived at the Dubai Mall, a landmark in Dubai, with a bustling surrounding environment and a strong commercial atmosphere. However, no company logo or related information of SS World Forex was found outside the building.

The site visit personnel entered the building lobby and explained their purpose to the security guard, but were not granted entry permission.

Since they could not enter the building, the site visit personnel were unable to reach the target floor and could not find any obvious signage or security measures for the office area of SS World Forex. At the same time, they could not take photos of the front desk or its logo. The office location is not a shared office.

Through the building lobby, the site visit personnel could not observe the internal environment of the company, and the overall situation could not be judged as to whether it matches its claimed positioning.

Therefore, after the site visit, it was confirmed that the broker SS World Forex does not exist at the above address.

Conclusion

The survey team visited forex broker SS World Forex in the UAE on site as planned, but did not see the company name or other information of the broker at its publicly displayed business address, indicating that the broker does not have a real business location. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

The above content and views are for reference only and do not constitute the basis for final selection.