Purpose

The Cypriot foreign exchange market has developed in recent years into one with certain 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, an on-site inspection team conducted field visits in Cyprus.

Process

The on-site inspection team visited the forex broker Ecotex ML in Cyprus as planned. According to public information, its office address is Alkaiou 16, Larnaca 6045, Cyprus.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet investments for investors, meticulously planned and traveled to Cyprus to conduct an on-site verification of the trader Ecotex ML reportedly located at Alkaiou 16, Larnaca 6045, Cyprus.

The field investigator successfully arrived at the target location. It was difficult to assess the surrounding environment and commercial atmosphere based on the current situation. No signage or relevant information about the company was found on the exterior of the building.

The field investigator attempted to enter the first floor of the building and explained their purpose to the security or staff. However, as it was unclear whether the company was located in the building, they were unable to secure further communication or obtain entry permission.

Due to the inability to enter the building and reach the target floor, there is no information on whether the company's office area on that floor has clear signage or security measures. Since no relevant information was found from the outset, the field investigator could not access the interior. This is not a shared office space.

Through the public area outside the building, the inspectors were unable to observe the internal environment of the company, casting doubt on its authenticity.

Therefore, after on-site verification, it is confirmed that the broker Ecotex ML does not exist at the above address.

Conclusion

The field investigator visited the forex broker Ecotex ML in Cyprus 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 premises. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

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