Purpose

The UAE foreign exchange market is an emerging international forex trading market that has developed over the past two decades. Leveraging Dubai's locational advantage as the financial hub of the Middle East, it has attracted a large number of forex dealers from around the world and is one of the core nodes connecting cross-border financial transactions across Europe, Asia, and Africa. To help investors or practitioners gain a more comprehensive understanding of the forex dealers in this region, we went to the UAE for an on-site visit.

Process

This visit went to the UAE as planned to conduct an on-site inspection of forex broker ILimits Invest. According to public information, its office address is 901, Fortune Executive Tower, Cluster T, JLT, Dubai, UAE.

A professional and experienced inspection team, with a sense of mission to strictly safeguard investors, traveled to the UAE according to a meticulous plan. They conducted an on-site inspection of the broker ILimits Invest, which claims to be located at 901, Fortune Executive Tower, Cluster T, JLT, Dubai, UAE.

We successfully arrived at Fortune Executive Tower, located in Dubai's core business district. It is a luxurious office building with a strong commercial atmosphere in the surrounding area. No company signage or information related to ILimits Invest was found outside the building.

We entered the first-floor lobby, stated our purpose to the staff, and after a brief registration, we were granted entry. Checking the complete company directory on the first floor, we went through all the listed tenants one by one, but never found any corresponding entry for ILimits Invest.

We then asked the lobby front desk staff about the company's tenancy. The front desk clearly stated that this company is not in this building, and the office 901 specified in the address is currently vacant, with no company operating there. Since we could not confirm the corresponding location on the target floor, we were unable to reach the specific area on the 9th floor. Throughout the process, we found no office area signage for ILimits Invest, nor was there any security-related verification scenario. We had no way to enter the company's interior, and we were completely unable to photograph the company's front desk or its LOGO. The office space here is not a shared office.

Because we were unable to enter the vacant 901 room, we could not see any content related to the company's internal environment, decoration style, or employee activities. The actual condition of this site is completely inconsistent with the broker's claim of having an office here.

Therefore, after the on-site inspection, it is confirmed that the broker ILimits Invest does not exist at the above address.

Conclusion

We went to the UAE as planned to conduct an on-site visit to forex dealer ILimits Invest, but did not see the dealer's company name or other information at its publicly displayed business address, indicating that the dealer does not have a real place of business. Investors should make their choices after comprehensive consideration.

Disclaimer

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