Purpose

The UAE forex market is an emerging foreign exchange market that has developed in recent years. With its superior geographical location, open financial policies, and developed financial infrastructure, it has become one of the important forex trading centers in the Middle East. In order to help investors or practitioners gain a more comprehensive understanding of forex dealers in the region, the fact-finding team went to the UAE for an on-site visit.

Process

The on-site inspection team for this issue visited the forex broker Swissquote in the UAE as planned, according to public information, its office address is Level 9, Office 904 Tower 2, DIFC P.O. Box 121364 Dubai, UAE.

A professional and experienced site visit team, with a sense of mission to strictly vet for investors, went to the UAE according to a meticulous plan. They conducted an on-site inspection of the broker Swissquote claiming to be located at Level 9, Office 904 Tower 2, DIFC P.O. Box 121364 Dubai, UAE.

The site visit personnel successfully arrived at the target building. The location is in the center of Dubai, a landmark building with a bustling surrounding environment and a strong business atmosphere. The panoramic view of the building is spectacular.

The company's directory board and LOGO were found inside the building.

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

Due to not having an appointment, the site visit personnel were unable to reach the specific floor and confirm the exact location, nor could they enter the company's premises. The company is not a shared office, and they were unable to take photos of the reception desk and its LOGO.

Through the glass door, although the interior of the company could not be clearly seen, judging from the overall atmosphere and the building's specifications, it is inferred that the internal environment should be relatively high-end. The actual feeling of the site visit personnel is that they arrived at the corresponding building, and the company can be seen on the directory board. Although they could not enter due to lack of appointment, it can be confirmed that the company genuinely exists within.

Therefore, after the site visit, it is confirmed that the broker Swissquote exists at the above address.

Conclusion

The due diligence team went to the UAE as planned to visit the foreign exchange broker Swissquote in person. At its publicly displayed business address, relevant information about the broker can be seen, indicating that the broker has a genuine place of business. Investors are advised to make their decisions after comprehensive consideration.

Disclaimer

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