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 is playing an increasingly important role in the country's economic activities. To help investors or practitioners gain a more comprehensive understanding of foreign exchange brokers in Egypt, an on-site inspection team was dispatched to conduct field visits in Egypt.

Process

The on-site inspection team visited the foreign exchange broker DB Investing in Egypt as planned. According to public information, its office address is "Unit no. F26, Building no. 3, Makram Ebeid ST, 6th Floor, office 17, Nasr City, Cairo, Egypt.".

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, traveled to Egypt according to a well-planned schedule. Based on the aforementioned information, they conducted an on-site visit to the broker DB Investing.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the broker DB Investing claimed to be located at the aforementioned address.

The field investigator successfully arrived at the target location and found that the address corresponds to a shopping mall. The mall is situated in a relatively bustling area of the locality, with a strong commercial atmosphere and a steady flow of people. However, no company signage or related information for DB Investing was found either on the exterior of the mall or in the surrounding area.

The surveyor entered the mall lobby and, after explaining their purpose to the security guard, successfully obtained permission to enter the mall.

Upon arriving at the target floor, the field investigator carefully searched but found no clear signage indicating DB Investing's office area. Since there was no trace of the trader, security or related situations were non-existent. The investigator was unable to photograph the reception desk or its logo, and the location was not a shared office space.

Through the common areas of the floor, the inspector did not observe any internal company environment, decoration style, or employee activities related to DB Investing. The overall situation does not align with its claimed positioning.

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

Conclusion

As planned, the field investigator visited the forex broker DB Investing in Egypt. At the publicly displayed business address, no information such as the company name of the broker could be 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 opinions are for reference only and should not be taken as the final basis for decision-making.