Reason for this visit

In terms of daily trading volume, the foreign exchange market qualifies as the largest market in the world. Due to its relatively developed financial system and friendly business environment, the UAE continues to attract foreign investors to enter the market. In order to help investors and practitioners have a more comprehensive understanding of the country’s foreign exchange dealers, the survey team is going to the UAE for site visits.

On-site visit

This time the survey team visited the dealer Activtrades in Dubai, UAE, with the regulatory address at N1702A & N1702F, Level 17, EMiraTes Financial Tower, DIFC, PO Box 507112, Dubai, UAE.

The survey team came to the Dubai International Financial Centre, which is a professional office block with many high-rise buildings and convenient transportation. The surveyors could see the two buildings from a distance and found the office building EMiraTes Financial Tower along the street, where the survey was conducted.

Unfortunately, the security personnel did not allow the surveyor team to enter the building. And, the surveyor failed to find the logo of Activtrades in the building. Subsequently, the surveyors inquired with the building staff and learned that Activtrades did not have an office in the building.

Conclusion

The survey team went to Dubai, UAE, to visit the the dealer Activtrades and found no office at its regulatory address. In other words, the given business address might be fake. Please be prudent when trading with this broker.

Disclaimer

The content is for informational purpose only, and shall not be taken as final order for making choice.