Purpose

The Egyptian foreign exchange market is an emerging market that has developed in recent years. With the gradual opening of Egypt's economy and the continuous development of its financial markets, the importance of foreign exchange trading has become increasingly prominent in the country. To help investors or practitioners gain a more comprehensive understanding of forex brokers in Egypt, an on-site inspection team conducted field visits in Egypt.

Process

The on-site inspection team visited the forex broker Bonny Markets in Egypt as planned. According to public information, its office address is B170 S2 Saray New Cairo Egypt.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, meticulously planned and traveled to Egypt to conduct an on-site verification of the broker Bonny Markets claimed to be located at B170 S2 Saray New Cairo Egypt.

The inspection personnel successfully arrived at the target building, which is located in the New Cairo area of Egypt. No company signage or related information was found on the exterior of the building.

The surveyor entered the building lobby and stated their purpose to the security or staff. After communication, they obtained permission to enter.

However, no company signage was found inside the building, nor were there any Bonny Markets identifiers. Upon inquiring at the front desk, they stated that there had never been such a trader, leading to the conclusion that it was fraudulent. From the lobby area, since access to the company's interior was impossible, it was difficult to observe the internal environment or other conditions of the company.
Since the specific floor and location cannot be confirmed, the on-site survey personnel are unable to reach the exact floor and verify the precise location, and naturally, they cannot enter the company's interior. It is impossible to photograph the reception area and the logo at the front desk, and this office is not a shared workspace.

Therefore, after on-site verification, it was confirmed that the broker Bonny Markets does not exist at the above address.

Conclusion

The on-site investigator visited the forex broker Bonny Markets in Egypt as planned. However, no information such as the company name of the broker was found at the publicly displayed business address, indicating that the broker does not have a genuine operational location. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and should not be used as the sole basis for final decisions.