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, foreign exchange trading has become increasingly important in the country's financial sector. To help investors or practitioners gain a more comprehensive understanding of forex brokers in Egypt, an on-site inspection team conducted field visits in the country.

Process

The on-site inspection team visited the foreign exchange broker D prime in Egypt as planned. According to public information, its office address is 67 El - Horeya, Almazah, Heliopolis, Cairo Governorate 4461122, 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 trader D prime reportedly located at 67 El - Horeya, Almazah, Heliopolis, Cairo Governorate 4461122, Egypt.

The field investigator successfully arrived at the area of the target address. Due to the absence of the company, it is difficult to accurately describe the surrounding environment. No D prime company logo or related information was found on the exterior of the building.

The field investigator attempted to enter the building lobby and explained their purpose to the security personnel, but was not granted permission to enter.

Since access to the building was not possible, it was impossible to reach the target floor to verify the office area situation of D prime, let alone enter the interior. Additionally, photos of the reception area and its logo could not be taken. This office space is not a shared workspace.

Upon arrival, the field investigator found no signs of the company's logo and determined it to be fraudulent. The overall situation did not match its claimed positioning.

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

Conclusion

As planned, the field investigator visited the foreign exchange broker D prime in Egypt. However, no information such as the company name of the broker was found at its 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 considered as the final basis for decision-making.