Purpose

The Cyprus forex market has developed in recent years into a forex market with a certain level of international influence. Leveraging relatively relaxed financial regulatory policies and a superior geographical location, it has attracted numerous forex brokers to establish operations here. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team traveled to Cyprus for field visits.

Process

In this on-site inspection, the team visited the forex broker Eightcap in Cyprus as planned. According to public information, its office address is Aiolou & Panagioti Diomidous 9, Katholiki, 3020, Limassol, Cyprus.

A professional and experienced on-site verification team, driven by a sense of mission to rigorously vet for investors, traveled to Cyprus according to a well-planned schedule to conduct an on-site verification of the broker eightcap, which claims to be located at Aiolou & Panagioti Diomidous 9, Katholiki, 3020, Limassol, Cyprus.

The verification personnel successfully arrived at the target address. The surrounding environment of this location is difficult to accurately describe due to the company's non-existence. No signage or relevant information of the company was found on the exterior of the building.

The verification personnel approached the building, explained their purpose to the security guard, but failed to obtain entry permission and could not enter the building lobby.

Due to the inability to enter the building, they could not reach the target floor, let alone confirm whether there were clear signage or security measures in the company's office area. They could not photograph the reception desk and its LOGO, and it was not a shared office.

From outside the building, as they could not enter the interior, they could not observe the company's internal environment and other conditions. No information about this broker was found, leading to the judgment that it is false.

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

Conclusion

The on-site inspector visited the forex broker Eightcap in Cyprus as planned. At its publicly displayed business address, no information such as the broker's company name was visible, indicating that the broker does not have a genuine business premises. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

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