Purpose

The Cyprus forex market has developed in recent years into a forex market with a certain degree of international influence. Leveraging its advantageous geographical location, relatively relaxed financial regulatory policies, and mature financial infrastructure, it has attracted numerous forex brokers to operate here. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team traveled to Cyprus for field visits.

Process

The on-site inspection team visited the forex broker Avax Pro Trade in Cyprus as planned. According to public information, its office address is Pavlou Valdaseridi 2A, Ground Floor, 6018 Larnaca.

A professional and experienced on-site verification team, driven by a sense of mission to rigorously vet for investors, proceeded according to a well-planned schedule to Cyprus to conduct a physical verification of the broker Avax Pro Trade claiming to be located at Pavlou Valdaseridi 2A, Ground Floor, 6018 Larnaca.

The verification personnel successfully arrived at the target address. The surrounding environment of the location was relatively ordinary, with a mediocre commercial atmosphere. No signage or any relevant information related to the broker Avax Pro Trade was found on the exterior of the building.

The verification personnel attempted to enter the building. However, due to the absence of any company-related guidance and unclear circumstances, permission to enter could not be obtained.

As entry into the building was impossible, reaching the target floor to confirm the status of Avax Pro Trade's office area was also not possible. No obvious signage or security measures belonging to the company were found. Entry to the interior was not possible, and the address was not a shared office space.

The verification personnel found no information whatsoever about this broker, only seeing a pharmacy, leading to the judgment that the broker's address was false. Therefore, after the on-site verification, it was confirmed that the broker Avax Pro Trade does not exist at the aforementioned address.

Conclusion

The on-site inspector visited the forex broker Avax Pro Trade in Cyprus as planned. At its publicly displayed business address, no information such as the broker's company name was visible, indicating that the broker does not have a genuine business premises. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

The above content and views are for reference only and should not be used as the final basis for selection.