Purpose

The Egyptian foreign exchange market is an emerging forex market that has developed in recent years. With the continuous growth of Egypt's economy and the gradual opening 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 this region, the on-site inspection team conducted field visits in Egypt.

Process

As scheduled, the on-site inspection team visited the forex broker Horizon in Egypt this time. According to public information, its office address is 18 Abbas Al-Akkad Street.

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 claiming to be located at 18 Abbas Al-Akkad Street Horizon.

The field investigator successfully arrived at the area of the address and found no obvious commercial atmosphere here, with mostly residential buildings in the vicinity. At the target address, the main gate was closed, and the exterior appeared to be an ordinary residential apartment. No signs or information related to Horizon company were found.

The field investigator attempted to inquire about the situation from a passerby nearby, who informed them that this was a residential apartment building with no relevant companies operating there. Due to the closed main gate and the residential nature of the location, the investigator was unable to enter. There was no opportunity to proceed to the building's lobby or first floor to communicate with security or staff, explain their purpose, or go through any registration process, let alone obtain entry permission.

Through the tightly closed doors, it is impossible to observe the so-called internal environment of the company, its decoration style, or the activities of its employees.

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

Conclusion

The on-site investigator visited the forex broker Horizon 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 opinions are for reference only and should not be considered as the final basis for decision-making.