Reason for this visit

The UAE forex market is one of the largest ones in the Middle East. The Securities and Commodities Authority (SCA) is responsible for regulating the forex market. In recent years, the UAE government has relaxed restrictions on foreign ownership ratios to attract more foreign capital. The trading activity in the UAE forex market has increased, and the participation of foreign investors has gradually risen. With the continuous growth and diversification of the UAE economy, its capital markets are poised to embrace significant development opportunities. Overall, the UAE forex market is steadily moving towards a more mature and open direction. In an attempt to provide investors with a more comprehensive understanding of the current status of forex brokers in the UAE, WikiFX survey team determines to go to the country for on-site visit to local companies.

On-site visit

In this issue, the survey team went to Dubai in the UAE to visit forex broker GODO CM as planned according to its regulatory address that 24th Floor, Anantara Downtown, Business Bay, Dubai, UAE.

The investigators came to the Anantara Downtown in Business Bay in Dubai, the UAE for an on-site visit to the brokers office, and located a modern commercial building with a well-maintained façade. However, there was no information pertinent to GODO CM outside the building.

Upon arriving at the building for further investigation, the survey personnel did not spot a directory in the lobby, and then took the elevator to the 24th floor, where GODO CM was located with its company name and logo presented in the reception area.

Through the on-site investigation, it is confirmed that the broker has a physical presence at the place.

Conclusion

The survey team went to Dubai in the UAE to visit forex broker GODO CM as scheduled, and found the company at its regulatory address. It denotes that the broker has a physical business office at the aforementioned location. Meanwhile, investors are advised to make an informed decision following much deliberation.

Disclaimer

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