A Visit to Xspot Wealth in UAE - Office Found

Reason for this visit

The UAE stock market is one of the largest stock markets in the Middle East. The Securities and Commodities Authority (SCA) is responsible for regulating the stock market. In recent years, the UAE government has also relaxed the restrictions on foreign ownership limits to attract more foreign funds. The trading activity in the UAE stock market has increased, and foreign investors participation has gradually grown. With the sustained growth and diversification of the UAE economy, its capital market is also expected to have favorable development opportunities. Overall, the UAE stock market is steadily moving towards greater maturity and openness. In an attempt to provide investors with a comprehensive understanding of current UAE brokers, WikiStock survey team is determined to go to the country for on-site visits to local companies.

On-site visit

In this issue, the survey team went to the UAE to visit broker Xspot Wealth as planned according to its regulatory address that Office 201-A, Level 2, North Tower, Emirates Financial Towers, DIFC, Dubai, UAE.

The investigators arrived in Dubai of UAE for a visit to the brokers office on December 20, 2023, and located Emirates Financial Towers, a 27-storey ironic Grade-A office building encompassing twin towers, in the heart of Dubai International Financial Centre (DIFC). According to its regulatory address, broker Xspot Wealth is situated in the North Tower.

Upon arrival at the 2nd floor of the tower for further investigation, the survey personnel spotted a directory, which displayed that Xspot Wealth was located in suite 201-A.

After reaching suite 201-A with ease, the inspection team discovered clearly the company name and logo of Xspot Wealth. Unfortunately, people werent allowed to visit the office and take photos internally due to the access control system. Therefore, the specific office size of the company is unconfirmed.

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

Conclusion

The survey team went to the UAE to visit broker Xspot Wealth as scheduled, and found the company at its regulatory address. This signifies that the broker has a physical business office at the place. Meanwhile, investors are advised to make a judicious decision following an overall consideration.

Disclaimer

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