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. To help investors or practitioners gain a more comprehensive understanding of the forex brokers in the region, the inspection team visited the UAE for on-site investigation.

Process

In this issue, the on-site inspection team traveled to the UAE as planned to visit forex broker FIXONE; according to public information, its office address is Conrad Office Tower no. 1008, Sheikh Zayed Road, Dubai, UAE.

A professional and experienced on-site inspection team, driven by the mission to strictly safeguard investors, followed a meticulous plan and traveled to the United Arab Emirates. They conducted an on-site verification of the broker FIXONE that claims to be located at Conrad Office Tower no. 1008, Sheikh Zayed Road, Dubai, UAE.

The inspectors arrived at Conrad Office Tower, which is located in the core area of downtown Dubai. It is a super-luxury office building with a bustling surrounding environment and a strong commercial atmosphere. There is a complete company directory on the first floor of the building, but no information about the broker FIXONE was found on it.

The inspectors entered the lobby of the building, explained their purpose to the security guard, and successfully obtained access permission.

However, upon arriving at the target floor, the inspectors found that the office signage indicated another company. Since they were unable to go upstairs, they could not confirm whether that company is related to FIXONE. Moreover, no obvious signage for FIXONE's office area was found, and no photos of the reception desk or its logo were taken. This location is not a shared office.

Through the glass door, due to the inability to enter the interior, the internal environment of the company could not be observed. The overall situation does not match its claimed status of having an office address.

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

Conclusion

The surveyors went to the UAE as planned to conduct an on-site visit to the forex broker FIXONE. 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 business location. Investors should make their choices after comprehensive consideration.

Disclaimer

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