Purpose

The Cyprus forex market has developed in recent years into a market with certain international influence. Benefiting from relatively relaxed financial regulatory policies and an advantageous geographical location, it has attracted numerous forex brokers to establish operations there. To help investors and practitioners gain a more comprehensive understanding of forex brokers in this region, an on-site inspection team conducted field visits in Cyprus.

Process

The inspection team visited the forex broker Rentaibs in Cyprus as planned. According to public records, its office address is Novel Tower, Alexandrou Panagouli 1, Larnaca, Cyprus.

A professional and experienced on-site inspection team, driven by a mission to rigorously safeguard investors' interests, meticulously planned and traveled to the area of Novel Tower in Cyprus. They conducted an on-site verification of the broker Rentaibs claiming to be located at Novel Tower, Alexandrou Panagouli 1, Larnaca, Cyprus.

The inspection personnel successfully arrived at Novel Tower, which is located at a specific address in Larnaca, Cyprus. The surrounding street environment appears relatively orderly, but the commercial atmosphere is average. No logos or relevant information of Rentaibs company were found on the exterior of the building.

The investigator entered the building lobby, but when attempting to locate this company further, they failed to obtain search permission due to lack of proper authorization. During communication with the building security, no valid information about Rentaibs company was obtained either.

Since further search within the building was impossible, naturally we couldn't reach the target floor to verify the office area situation of Rentaibs company. Neither could we photograph the reception desk and its logo, nor was there any shared office space scenario.

Through the public areas of the building, it was also impossible to observe any internal environment or conditions related to Rentaibs company, leading to the conclusion that it is fraudulent. Therefore, after on-site verification, it has been confirmed that the broker Rentaibs does not exist at the aforementioned address.

Conclusion

The inspection team visited the forex broker Rentaibs in Cyprus as planned. At the publicly displayed business address, they were unable to find any information such as the company name of the broker, 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 used as the final basis for selection.