Purpose

The Egyptian foreign exchange market is an emerging market that has developed in recent decades. With the gradual opening of Egypt's economy and the continuous development of its financial markets, foreign exchange trading plays a significant role in the country's economic activities. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, an on-site inspection team conducted field visits in Egypt.

Process

As scheduled, the on-site inspection team visited the foreign exchange broker MOYA Markets in Egypt. According to public information, its office address is Masaken Porcelain and Chinese Kits Branch St. No:33, Shoubra El Kheima, Egypt.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet investments for investors, meticulously planned and traveled to Egypt to conduct an on-site verification of the trader MOYA Markets purportedly located at Masaken Porcelain and Chinese Kits Branch St. No:33.

The on-site investigator successfully arrived at the target location area but did not see any signs related to the broker. The surrounding environment showed no indication of a broker-related campus or street atmosphere, and it was difficult to assess the commercial vibe from a broker-related perspective. No company logos or relevant information were found on the exterior of the building.

The surveyor entered the building lobby, explained their purpose to the security personnel, and after communication, obtained permission to enter.

Upon arriving at the target floor, the field investigator found no clear signage indicating MOYA Markets's office area. Due to the lack of relevant signage and the security guard's confirmation that no such company existed, the investigator was unable to gain access to the interior. Additionally, they could not photograph the reception area or its logo, and the office was not a shared workspace.

Due to the inability to enter the premises, the on-site inspectors could not observe the internal environment of the company and other relevant conditions, making it impossible to determine whether it aligns with its claimed positioning as a whole.

Therefore, after on-site verification, it was confirmed that the broker MOYA Markets does not exist at the above address.

Conclusion

The on-site investigator visited the forex broker MOYA Markets in Egypt as planned. However, no information such as the company name of the broker was found at the publicly displayed business address, indicating that the broker does not have a genuine operational location. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and should not be considered as the final basis for decision-making.