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 personnel went to Dubai, UAE, to visit the foreign exchange dealer One Financial Markets. The survey address is Office 501, 5Th Floor, Index Tower, DIFC, PO Box 507147, Dubai.

The survey personnel came to the destination of the survey based on the above address, which is located in the iconic Dubai International Financial Center "Index Tower" in Dubai, UAE. The building is located in a professional office block in Dubai, with high-rise buildings nearby, which look quite prosperous.

The investigators entered the building and successfully found Office 501. The sign at the door showed the name of another company. However, according to information from the foreign exchange dealer One Financial Markets, Office 501 of the building was supposed to belong to the dealer.

Conclusion

The investigators went to Dubai, UAE, to visit the foreign exchange dealer One Financial Markets as planned. They did not find the dealer's office on its regulatory address. This is a situation of untrue regulation. Investors are advised to choose this dealer carefully.

Disclaimer

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