Purpose

The Cyprus forex market has developed into an influential forex market in recent years, attracting numerous forex brokers to establish operations there due to its advantageous geographical location and relatively lenient financial regulatory policies. 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 a field visit.

Process

As scheduled, this issue involves an on-site visit to the forex broker KONOHAFX in Cyprus. According to publicly available information, its office address is 36 Aigyptou Avenue, 6030 Larnaca, Cyprus.

A professional and experienced team, driven by a sense of mission to rigorously vet opportunities for investors, traveled to Cyprus according to a meticulous plan to conduct an on-site verification of the broker claiming to be located at 36 Aigyptou Avenue, 6030 Larnaca, CyprusKONOHAFX.

The team successfully arrived at the area of the target address, which is located at a specific location in Cyprus. However, no signs or information related to the broker KONOHAFX were found in the vicinity. The surrounding environment and overall commercial atmosphere also make it difficult to assess from a perspective related to this broker.

Since no company signage or related information was found on the exterior of the building, there was no situation requiring entry into the building for further investigation. After carefully inspecting the site, the team also did not find any directory board for this broker inside the building, nor did they see any logo related to this broker.

Since no effective guidance regarding the broker's office area was obtained, the team was unable to reach the specific floor and confirm its exact location, let alone enter the company premises. Furthermore, it was not possible to enter the company, and it is not a shared office space.

Through observation of the surrounding environment and other circumstances, no evidence was found to prove that this broker operates from this location. The overall situation does not align with its claimed positioning of having an office here.

Therefore, after on-site verification, it has been confirmed that broker KONOHAFX does not exist at the above address.

Conclusion

The team visited the forex broker KONOHAFX 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 physical business 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 used as the sole basis for final decisions.