Purpose

The UAE foreign exchange market is an emerging forex market developed in recent years. With its advantageous geographical location, open financial policies, and advanced financial infrastructure, it has gradually become an important forex trading center in the Middle East. In order to help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, the site inspection team went to the UAE for on-the-ground visits.

Process

The survey team went to the UAE as planned to visit the forex broker ZDQ capital. According to public information, its office address is Tenancy 903, Level 9, Liberty House, DIFC, PO Box 506540, Dubai, UAE.

A professional and experienced on-site verification team, with a sense of mission to strictly vet for investors, followed a carefully planned procedure to conduct an on-site inspection of the brokerZDQ capital claiming to be located at Tenancy 903, Level 9, Liberty House, DIFC, PO Box 506540, Dubai, UAE.

The verification personnel arrived at Liberty House without difficulty. The building is located in downtown Dubai, a luxurious office building with a bustling surrounding environment and a strong business atmosphere. However, no company logo or related information of ZDQ capital was found outside the building.

The verification personnel entered the lobby of the building, explained their purpose to the security guard, and obtained permission to enter.

After arriving at the target floor (Level 9), the verification personnel found no obvious signage for ZDQ capital, and Room 903 on that floor corresponded to a completely different company from ZDQ capital. Since it was not the office area of ZDQ capital, the verification personnel could not enter the interior, nor could they photograph the reception area or its logo. The office was not a shared office.

From the public area of the floor, the verification personnel could not observe the so-called internal environment of ZDQ capital. Overall, the situation here does not match the positioning claimed by ZDQ capital.

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

Conclusion

The field inspection team visited forex broker ZDQ capital on schedule in the UAE, and at its publicly displayed business address, they could not see the broker's company name or other information, indicating that the broker has no real business premises. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

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