Purpose

The UAE foreign exchange market is an emerging forex market that has developed in recent years. With its advantageous geographical location, open financial policies, and developed economic system, it has attracted the attention of many international financial institutions and investors. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, the inspection team visited the UAE for an on-site inspection.

Process

This time, the survey team went to the UAE as planned to visit the forex dealer MH Markets in person. According to public information, its office address is 2003 Burj Al Salam Tower, Sheikh Zayed Road, Dubai UAE.

A professional and experienced on-site inspection team, with a sense of mission to strictly screen for investors, followed a meticulous plan and traveled to the United Arab Emirates. They conducted an on-site verification of the broker MH Markets, which claims to be located at 2003 Burj Al Salam Tower, Sheikh Zayed Road, Dubai, UAE.

The on-site inspectors arrived at Burj Al Salam Tower without issue. This building, located on Dubai's famous Sheikh Zayed Road, is a super-luxury office building in Dubai, surrounded by a bustling environment and a strong commercial atmosphere. However, no company logo or relevant information of MH Markets was found on the exterior of the building.

The inspectors entered the lobby on the first floor of the building and explained their purpose to the security guard. After communicating, although they were granted permission to enter the lobby, they were not allowed to go upstairs due to lack of an appointment.

On the first floor, the inspectors found that the building did not have complete directory information for MH Markets. Due to the lack of an appointment and strict security, the inspectors could not reach the specific floor to confirm its exact location, nor could they enter the company premises. Naturally, they could not take photos of the front desk or its logo, and the office is not a shared office.

From the lobby area, the inspectors were unable to enter the company, so they could not observe the internal environment, decoration style, or employee activities, and thus could not determine whether the overall environment matched its claimed positioning.

Therefore, after the inspection, it was confirmed that the broker MH Markets does not exist at the above address.

Conclusion

As planned, field inspectors conducted an on-site visit to forex broker MH Markets in the UAE. At its publicly displayed business address, they could not see the broker's company name or other information, indicating that the broker does not have a real place of business. Investors should make their decisions after comprehensive consideration.

Disclaimer

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