Purpose

The Egyptian foreign exchange market is an emerging market that has developed in modern times. With the gradual opening of Egypt's economy and the increase in international trade, the importance of the foreign exchange market within the economic system has become increasingly prominent. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, the on-site inspection team traveled to Egypt for a field visit.

Process

The on-site inspection team visited the foreign exchange broker BTC in Egypt as planned. According to public information, its office address is 8 El Fade8 Zokak El Fadel, El Mashhad El Husseiny ElGamaleya, 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 broker BTC reportedly located at 8 El Fade8 Zokak El Fadel, El Mashhad El Husseiny ElGamaleya, Cairo, Egypt.

The inspection personnel successfully arrived at the target building, which is located in a specific area of Cairo, Egypt. There is no atmosphere related to the broker in the surrounding environment.

The full view of the building can be captured, but no company logo or relevant information of the trader was found on the exterior of the building.

The surveyor entered the building lobby, stated their purpose to the security guard, and was granted entry permission.

Upon arriving at the target floor, the field investigator found that the office area of BTC had no clear signage. Since no signs of the actual presence of the trader were observed, the investigator could not enter the premises. Additionally, it was impossible to photograph the reception area or its logo, and the office space was not a shared workspace.

Through the common areas of the floor, the inspector was unable to observe the internal environment of the company in question. Upon arrival, they saw other companies instead and found no information related to the claimed trader. Overall, it was concluded that the trader's declared office address is false.

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

Conclusion

The on-site investigator visited the forex broker BTC 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 location. 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 decision-making.