Purpose

The UAE foreign exchange market is an emerging forex market that has developed in recent years. Leveraging its advantageous geographical location, open financial policies, and developed infrastructure, it has become an important forex trading hub in the Middle East. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, the fact-finding team visited the UAE for an on-site inspection.

Process

This time, the field inspection team went to the UAE as planned to conduct an on-site visit to forex broker OPTIONER FX. According to public information, its office address is Dubai api office 3rd floor Room 302.

The professional and experienced site inspection team, driven by a sense of mission to strictly safeguard investors, went to the United Arab Emirates according to a well-planned itinerary. They conducted an on-site verification of the broker OPTIONER FX, which claimed to be located at Dubai api office 3rd floor Room 302.

The site inspection personnel successfully arrived at the target building, which is located next to an ultra-luxury office building in downtown Dubai, adjacent to the World Trade Center metro station, with very convenient transportation. The surrounding area has a strong commercial atmosphere and bustling streets. However, no signage or relevant information about the company was found on the outside of the building.

The site inspection personnel entered the lobby on the first floor of the building. After explaining their purpose of visit to the security guard, they successfully obtained entry permission. However, no company nameplate was found in the building.

Since there was no guidance information about the company in the building, the site inspection personnel were unable to reach the specific floor and confirm the exact location, thus unable to enter the company's interior. At the same time, they could not photograph the reception desk and the front desk's LOGO, and the office is not a shared office.

The company's internal environment could not be observed through the building's lobby. Overall, the on-site situation does not match the positioning claimed by the broker.

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

Conclusion

The surveyor visited the United Arab Emirates as planned to conduct an on-site inspection of the forex broker OPTIONER FX. The company's name or other information was not visible at the publicly displayed business address, indicating that the broker does not have a genuine place of business. Investors are advised to make their decisions after careful consideration.

Disclaimer

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