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 ED&F Man in Dubai, UAE, with the regulatory address at OT 17_42 central park tower, gate boulevard , DIFC, PO Box 121208, 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 the buildings from a distance and found the office building central park along the street, where the survey was conducted.

After entering the building, the surveyors did not find the logo of the dealer ED&F Man. Also, they did not find any office of ED&F MAN on the floor of the building. Subsequently, the surveyors inquired with the building staff and learned that ED&F Man did not have an office in the building.

Conclusion

The survey team went to Dubai, UAE, to visit the the dealer ED&F Man 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.