Purpose

The Egyptian foreign exchange market is an emerging forex market that has developed over the past few decades. With the gradual opening of Egypt's economy and the continuous development of its financial markets, forex trading has played an increasingly important role in the country's economic activities. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, an on-site inspection team conducted field visits in Egypt.

Process

The on-site inspection team visited the forex broker Luxor in Egypt as planned. According to public information, its office address is 33 Street Emad Eddin - Ramses IN Cairo.

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 Luxor claimed to be located at 33 Street Emad Eddin - Ramses in Cairo.

The inspection personnel successfully arrived at the area of the target address, where the surrounding environment and commercial atmosphere were average. No company signage or related information was found on the exterior of the building.

The surveyor entered the building lobby and explained their purpose to the security personnel. After communication, they obtained permission to enter.

Upon arriving at the target floor, the field investigator found that the office area of Luxor had no clear signage or security measures. Although the security guard stated that the company did not exist, the investigator was able to enter and inspect the interior but found nothing. They were unable to photograph the reception desk or its logo, and the office was not a shared workspace. Overall, the situation did not match the company's claimed positioning.

Therefore, after on-site verification, it is confirmed that the broker Luxor does not exist at the above address.

Conclusion

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

Disclaimer

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