Purpose

The UAE foreign exchange market is a regional core forex trading market that has developed over the past two decades. Leveraging Dubai's geographical advantage as a financial hub in the Middle East, it has attracted a large number of forex brokers from around the world. The market is highly open with robust trading activity, and it has also drawn many cross-border investors from the region. To help investors or practitioners gain a more comprehensive understanding of the real operating conditions of forex dealers in this area, the survey team traveled to Dubai, UAE for an on-site visit.

Process

This time, the field inspection team went to the UAE as planned to visit forex broker TICKTOP TRADE on site. According to public information, its office address is Meydan Grandstand, 6th floor, Meydan Road, Nad Al Sheba, Dubai, UAE.

A professional and experienced on-site inspection team, with the mission of acting as a strict gatekeeper for investors, traveled to Dubai, UAE following meticulous planning to conduct an on-site verification of broker TICKTOP TRADE, which claims to be located at Meydan Grandstand, 6th floor, Meydan Road, Nad Al Sheba, Dubai, UAE.

After arriving smoothly at the target location, it could be seen that the building is a racecourse located in a slightly remote part of Dubai and belongs to a large entertainment complex. The surrounding area did not present the conventional commercial office park environment corresponding to the broker's marked address. Throughout the entire visit, no company signage or related information connected to TICKTOP TRADE was found. Moreover, the publicly provided address was not written completely enough to precisely locate the corresponding office point.

When attempting to enter the building lobby, on-site security management was strict. After stating our purpose and communicating, we were not granted entry and could not enter the building to check the relevant signage information.

Because we could not enter the building, we naturally could not reach the specific location on the target 6th floor to confirm the relevant point. No office area of TICKTOP TRADE was found throughout the process, and there was no obvious signage or security measures. There was no way to photograph the front desk or its logo, and this point is not a shared office.

Since we were unable to enter the building, the broker's internal environment could not be observed at all, which does not conform to its publicly claimed positioning of establishing an office at this address.

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

Conclusion

The onsite inspectors went to the UAE as planned to visit forex broker TICKTOP TRADE in person. At its publicly displayed business address, they did not see the company name or other information of the broker, indicating that the broker does not have a real business location. Investors are advised to make their decisions after comprehensive consideration.

Disclaimer

The above content and viewpoints are for reference only and do not constitute a basis for final selection.