Purpose

The Cyprus foreign exchange market has developed in recent years into a market with a certain degree of international influence. Leveraging its advantageous geographical location, relatively lenient financial regulatory policies, and mature financial infrastructure, it has attracted numerous forex brokers to establish operations there. 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 FXCC in Cyprus as planned. According to public information, its office address is 16 Spyrou Kyprianou Avenue Divine Clock Tower (2nd Floor) 3070 Limassol CYPRUS.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, meticulously planned and traveled to Cyprus to conduct an on-site verification of the trader claiming to be located at 16 Spyrou Kyprianou Avenue Divine Clock Tower (2nd Floor) 3070 Limassol CYPRUS FXCC.

The inspection personnel successfully arrived at the target building, which is located in a specific area of Limassol, Cyprus. The surrounding environment is generally ordinary, with a mediocre commercial atmosphere. No company logo or related information of FXCC was found on the exterior of the building.

The inspector entered the building lobby and, after stating their purpose to the security personnel, obtained entry permission. However, no company nameplate for FXCC was found inside the building, nor was its logo visible.

Since the specific floor and location could not be confirmed, the on-site inspector inquired at the front desk and learned that the entire building was owned by other companies, with no presence of FXCC. As a result, the target floor could not be accessed. Additionally, due to the confined space, it was impossible to take photos openly, raising doubts about the authenticity of the broker. Therefore, after the on-site inspection, it was confirmed that the broker FXCC does not exist at the aforementioned address.

Conclusion

The on-site investigator visited the forex broker FXCC in Cyprus as planned. The broker's company name and other information were not found at the publicly displayed business address, indicating that the broker does not have a genuine operational location. 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 decision-making.