Purpose

The Cyprus forex market has developed into an influential forex market in recent years, attracting numerous forex brokers to establish operations here due to its advantageous geographical location, sound financial policies, and regulatory environment. To help investors and practitioners gain a more comprehensive understanding of forex brokers in this region, our team conducted on-site visits in Cyprus.

Process

As scheduled, the team visited the forex broker ATFX in Cyprus for an on-site inspection. According to public records, their office address is 19, Spyrou Kyprianou, Silver House, Ground Floor, 3070 Limassol CY.

A professional and experienced team, driven by a sense of mission to rigorously vet investment opportunities, traveled to Cyprus according to a meticulous plan to conduct on-site verification of the broker ATFX claiming to be located at 19, Spyrou Kyprianou, Silver House, Ground Floor, 3070 Limassol CY.

The team has successfully arrived at the target building, Silver House, located at a specific geographical location in Limassol, Cyprus. No company signage or relevant information related to ATFX was found on the exterior of the building, making it difficult to assess the surrounding business environment.

The team attempted to enter the building and explained their purpose to the security guards and staff, but they failed to obtain entry permission as no relevant company information was found.

Therefore, it was impossible to reach the target floor to verify the office area situation of ATFX, no obvious signage or security measures were found in their office area, let alone gaining internal access, and this address is not a shared office space.

Due to inability to access, the internal environment of the company and other conditions were not observed.

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

Conclusion

The team visited Cyprus as planned to conduct an on-site inspection of the forex brokerATFX. However, no information such as the company name of the broker was visible at its publicly displayed business address, indicating that the broker does not have a genuine operational premises. 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 final basis for selection.