Purpose

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

Process

The on-site inspection team visited the forex broker NEWBRENT in Egypt as planned. According to public information, its office address is Building No. 66, Gamaet El Dewal EL Arabia St, Mohandsein, Cairo 12411, 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 broker NEWBRENT, which claims to be located at Building No. 66, Gamaet El Dewal EL Arabia St, Mohandsein, Cairo 12411.

The field investigator successfully arrived at the target building, which is located in the Mohandsein area. The surrounding environment is average, with a mediocre commercial atmosphere. No company signage or related information was found on the exterior of the building.

The on-site inspector entered the building lobby and stated their purpose to the security personnel. After a brief registration process, they were granted entry permission. Upon entering the building interior, the company's directory signage and logo were visible.

Upon arriving at the target floor, the field surveyor observed that the office area of NEWBRENT had clear signage. Due to reasons such as lack of prior appointment, the surveyor was unable to enter the premises. However, the surveyor managed to photograph the reception area and its logo, confirming that the office is not a shared workspace.

Through the glass door, although it is not possible to observe the internal office environment in detail, the existence of the office can be confirmed. The overall appearance aligns with its claimed positioning.

Therefore, after on-site verification, it is confirmed that the broker NEWBRENT exists at the above address.

Conclusion

The inspection team visited the forex broker NEWBRENT in Egypt as planned. At the publicly displayed business address, the broker's company name and other information could be seen, indicating that the broker has a genuine operational presence. 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 final basis for selection.