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 advanced financial infrastructure, it has attracted the attention of numerous international financial institutions and investors. In order 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 verification team planned to visit the forex broker ExnessFox in the UAE. According to public information, its office address is Aspine Tower, Dubai, United Arab Emirates.

A professional and experienced on-site verification team, with a sense of mission to strictly vet for investors, traveled to the United Arab Emirates according to a meticulous plan. They conducted an on-site inspection of the broker ExnessFox, which claims to be located at Aspine Tower, Dubai, United Arab Emirates.

The verification personnel successfully arrived at Aspine Tower, located in Dubai, with a bustling surrounding environment and a strong business atmosphere. However, no company logo or related information of ExnessFox was found outside the building.

The verification personnel entered the building lobby and stated their purpose to the security guard. After communication, they obtained permission to enter the lobby.

However, upon reaching the target floor, due to strict building security and no prior appointment, the verification personnel were unable to access the specific floor and confirm the exact location. The building directory also did not display any information about ExnessFox.

At the same time, the verification personnel were unable to photograph the reception desk and its logo, and the office is not a shared office.

Through the glass door, since they could not enter the company, the verification personnel were unable to observe the internal office environment and other conditions.

Therefore, after verification, it is confirmed that the broker ExnessFox does not exist at the above address.

Conclusion

The on-site inspection team went to the UAE as planned to visit the forex broker ExnessFox. At its publicly displayed business address, they could not see the company name or other information of the broker, indicating that the broker does not have a real business premises. Investors should make their choice after comprehensive consideration.

Disclaimer

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