Reason for this visit

Cyprus imprudently purchased Greek government bonds in 2012. When the Greek government bond management defaulted, the Cyprus banking system suffered heavy losses exceeding 30% of the annual GDP of Cyprus, and the countrys domestic debt crisis occurred. In response to the crisis, the Cyprus government introduced a terrible solution that was opposed by all the people, which aggravated the crisis. At the same time, some people in Cyprus discovered that having an upward trend in price, various foreign currencies that were independent of the sovereign currency might be able to cope with this crisis. As a result, people poured funds into the small foreign exchange market in an attempt to hedge and protect themselves. For various reasons, Cyprus has gradually become a country with active foreign exchange transactions. In an attempt to help investors better understand the current situation of foreign exchange brokers in Cyprus, WikiFX survey team decides to go to the country for on-site visits to local companies.

On-site visit

In this issue, the survey team went to Cyprus to visit forex broker KEY WAY INVESTMENTS as planned according to its regulatory address that 18 Spyrou Kyprianou Avenue, Paraskevaides Tower, Suite 101, 1st Floor, CY 1075, Nicosia, Cyprus.

The investigators came to 18 Spyrou Kyprianou Avenue in Nicosia, Cyprus for a visit to the brokers office on March 21, 2024, and located a 3-storey commercial building with a well-maintained façade next to the street.

Upon arrival at the building for further investigation, the survey personnel firstly spotted a directory in the lobby, which prominently displayed that KEY WAY INVESTMENTS was situated in suite 101.

After proceeding to the office 101, the inspection team easily discovered the company name of KEY WAY INVESTMENTS at the entrance. Through the on-site investigation, it is confirmed that the broker has a physical presence at the location.

Conclusion

The survey team went to Cyprus to visit broker KEY WAY INVESTMENTS as scheduled, and found the companys name at its regulatory address. This signifies that it has a physical business office at the place. Meanwhile, investors are advised to make a judicious decision following an overall consideration.

Disclaimer

The content is used for informational purpose only, and shall not be taken as a final order for making a choice.