Purpose

The UAE foreign exchange market is an emerging forex market developed in recent years. With its advantageous geographical location, open financial policies, and well-developed infrastructure, it has gradually become an important forex trading center in the Middle East. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, the inspection team conducted an on-site visit to the UAE.

Process

This time, the survey team went to the UAE to visit the forex broker Mayfair as planned, and according to public information, its office address is Office 1302 B2B Tower, Business Bay Dubai, United Arab Emirates.

A professional and experienced on-site inspection team, with a sense of mission to strictly check for investors, went to the United Arab Emirates according to a meticulous plan. They conducted an on-site verification of the broker Mayfair, which claims to be located at Office 1302 B2B Tower, Business Bay Dubai, United Arab Emirates.

The inspectors arrived at B2B Tower smoothly. The building is located in a bustling area of downtown Dubai, a luxury office building with a prosperous surrounding environment and a strong business atmosphere. However, no company logo or related information of Mayfair was found outside the building.

The inspectors entered the lobby on the first floor of the building, stated their purpose to the security guard, and received permission to enter.

After arriving at the target floor 13, the inspectors found no obvious signage for Mayfair's office area. Upon inspection, the corresponding office belonged to another company. Since it was not Mayfair's office, the inspectors could not enter the interior, nor could they take photos of the reception desk and its logo, and the office was not a shared office.

Through the public areas of the floor, the inspectors could not observe the internal environment of Mayfair company, etc.

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

Conclusion

The inspection team visited the UAE as planned to conduct a site inspection of forex broker Mayfair. At its publicly displayed business address, the company name and other information of the broker were not visible, indicating that the broker does not have a genuine business premises. Investors are advised to make their decision after comprehensive consideration.

Disclaimer

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