Purpose

The foreign exchange market in Cyprus has developed into a relatively dynamic market in recent years, attracting numerous forex brokers to operate there due to its relatively relaxed financial policies and advantageous geographical location. 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 TRADEQUO in Cyprus as planned. According to public information, its office address is Archiespiskopou Makariou III 160 1st floor, 3026, Limassol, Cyprus.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously screen for investors, meticulously planned and traveled to Cyprus to conduct an on-site verification of the broker TRADEQUO claiming to be located at Archiespiskopou Makariou III 160 1st floor, 3026, Limassol, Cyprus.

Upon arriving at the target location, the inspector found it to be a gas station, which was quite different from the expected office setting. Walking nearby, they noticed a large building, but its location lacked any prominent signage pointing to TRADEQUO company. The surrounding environment did not exhibit a commercial atmosphere related to forex trading, appearing rather ordinary overall. No company logos or relevant information were found on the exterior of the building.

The on-site inspector entered the building lobby and, after explaining the purpose to the security guard, was granted permission to enter.

However, no company nameplate or logo of TRADEQUO was found inside the building. Since the specific floor and location could not be determined, the inspection team was unable to reach the target floor to confirm the office area of TRADEQUO. Therefore, there was no situation of whether access to the interior was possible, and the premises were not a shared office space.

Through the public areas of the building, the inspectors naturally could not observe the internal environment of TRADEQUO company. The overall situation does not match its claimed positioning, and its authenticity is questionable.

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

Conclusion

The on-site investigator visited the forex broker TRADEQUO 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.