Purpose

The Egyptian foreign exchange market is an emerging forex 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 in the region has become increasingly prominent. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this area, an on-site inspection team was dispatched to Egypt for field visits.

Process

The on-site inspection team visited the forex broker BestBonusFX in Egypt as planned. According to public information, its office address is 14 Badr Tower, 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 trader BestBonusFX claimed to be located at 14 Badr Tower, Cairo, Egypt.

The inspection personnel successfully arrived at Badr Tower, which is located in Cairo. Due to the absence of the broker, it is difficult to accurately describe the surrounding environment. No company logo or relevant information of BestBonusFX was found on the exterior of the building.

The surveyor entered the building lobby and explained their purpose to the security guard, but due to the main entrance being tightly closed, they were not granted permission to enter.

The on-site inspector was unable to reach the target floor, thus could not determine whether there were clear signage or security measures in the BestBonusFX office area. Due to the inability to enter the building, they could not photograph the reception desk or its logo, nor confirm if it was a shared office space.

Through the tightly closed door, it was impossible to observe the internal environment of the company. Upon arrival, no information about the trader was found, leading to the conclusion that it was fake. Moreover, the door was tightly shut, making entry impossible.

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

Conclusion

As planned, the field investigator visited the foreign exchange broker BestBonusFX in Egypt. 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 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 used as the sole basis for final decisions.