Reason for this visit

The UAE forex market is one of the largest ones in the Middle East. The Securities and Commodities Authority (SCA) is responsible for regulating the forex market. In recent years, the UAE government has relaxed restrictions on foreign ownership ratios to attract more foreign capital. The trading activity in the UAE forex market has increased, and the participation of foreign investors has gradually risen. With the continuous growth and diversification of the UAE economy, its capital markets are poised to embrace significant development opportunities. Overall, the UAE forex market is steadily moving towards a more mature and open direction. In an attempt to provide investors with a more comprehensive understanding of the current status of forex brokers in the UAE, WikiFX survey team determines to go to the country for on-site visit to local companies.

On-site visit

In this issue, the survey team went to the UAE to visit broker STARTRADER as planned according to its regulatory address that Unit 203, Building 4, One Central, World Trade Center, Dubai.

A seasoned and professional inspection team, committed to safeguarding investor interests, conducted a meticulously planned on-site verification of the broker STARTRADER at One Central in World Trade Center, Dubai. Located in Dubai's central business district - the World Trade Centre area, the building enjoys convenient transportation access and complete commercial amenities, standing as one of the city's landmark complexes. Meanwhile, an overall observation of the structure reveals that its modern facade design projects a high-end business image.

Prior to entering the premises, investigators noted that the brokerage's identification signage was not displayed on the building exterior but rather positioned within the interior wayfinding area. To obtain more complete information, the team proceeded to Building 4. After consulting with property management staff, the inspection team successfully reached Unit 203 via elevator, a process taking approximately 15 minutes with moderate navigation difficulty.

For a thorough assessment of the company's operations, investigators planned an interior visit. The access point featured a security system requiring visitor registration at the reception before entering core areas. Upon obtaining approval, the team entered the office space.

The reception area presented a minimalist design with the company logo prominently displayed on the feature wall, maintaining a clean and organized environment. The office layout comprised four distinct zones: an open workspace, meeting rooms, and executive offices. While exact workstation numbers weren't verified, approximately 10-15 employees were observed actively working in a focused atmosphere. The premises were fully equipped with comprehensive office infrastructure and telecommunication systems. Notably, the interior walls displayed framed copies of financial licenses and risk disclosure notices, reflecting regulatory compliance and professional standards.

Through the on-site investigation, it is confirmed that STARTRADER has a physical presence at the place.

Conclusion

The survey team went to the UAE to visit forex broker STARTRADER as scheduled, and found the company at its regulatory address. It denotes that the broker has a physical business office at the aforementioned location. Meanwhile, investors are advised to reach a well-considered decision after thorough deliberation.

Disclaimer

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