Purpose

The Cyprus foreign exchange market has developed into a market with certain influence in recent years. With its advantageous geographical location, relatively relaxed financial regulatory policies, and sound financial infrastructure, it has attracted numerous forex brokers to establish offices here. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the inspection team conducted on-site visits in Cyprus.

Process

The on-site inspection team visited the forex broker BULL WAVES in Cyprus as planned. According to public information, its office address is Archiepiskopou Makariou lll 160, 3026 Limassol.

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 BULL WAVES purportedly located at Archiepiskopou Makariou lll 160, 3026 Limassol.

The field investigator successfully arrived at the target location and confirmed it was the correct address upon arrival. Initially, a gas station was spotted, but upon circling to the back, a large building was discovered.

The building is located in a relatively convenient transportation location in the area, with an average commercial atmosphere. On the exterior of the building, no company logo or related information of BULL WAVES was found.

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 of BULL WAVES was found inside the building, nor was the company's logo seen.

Due to the inability to determine the specific floor and location, the on-site survey personnel were unable to reach the exact floor and confirm the precise location, nor could they enter the company's premises. Additionally, this office is not a shared workspace.

Through the lobby area, it was not possible to observe the internal office environment or other conditions of the company. Overall, no valid information related to BULL WAVES was found at this address, which does not align with its claimed office location here.

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

Conclusion

The inspection team visited the forex broker BULL WAVES 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 careful consideration.

Disclaimer

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