Purpose

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

Process

This time, the on-site survey team traveled to the UAE as planned to visit forex broker Twitch Fx. According to public information, its office address is Office Number 2506 Latifa Building, Shiekh Zayed Road, Dubai United Arab Emirates.

A professional and experienced inspection team, driven by a mission to strictly safeguard investors, traveled to the UAE in accordance with a well-planned itinerary to conduct an on-site verification of the broker Twitch Fx claimed to be located at the aforementioned address.

The inspection team smoothly arrived at Latifa Building, situated on Sheikh Zayed Road in Dubai. This road is a major thoroughfare in Dubai, with a bustling environment and a strong commercial atmosphere. It is located in downtown Dubai, directly opposite a Dubai landmark. However, no company signage or related information for Twitch Fx was found on the exterior of the building.

The inspection team entered the building lobby and indicated their purpose to the security guard or staff. Without an appointment, the front desk could not provide further information, and due to strict security measures, they were not granted permission to enter.

Inside the building, no company nameplate for Twitch Fx was found. As they could not gain access to the inner areas of the building, they were unable to reach the target floor, the 25th floor, to confirm the company's exact location, nor were they able to photograph the front desk or its logo. The office is not a shared office.

Through the glass door, because they were unable to enter the company's interior, they could not observe the internal environment, decoration style, or employee activities. Overall, it was impossible to confirm whether the environment aligns with the company's claimed positioning.

Therefore, the on-site inspection confirmed that the broker Twitch Fx does not exist at the aforementioned address.

Conclusion

The inspection team proceeded to the UAE as planned to conduct an on-site visit to forex broker Twitch Fx. At its publicly displayed business address, they did not see the broker's company name or other information, indicating that the broker does not have a real business presence. Investors are advised to make their decision after comprehensive consideration.

Disclaimer

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