Purpose

The Cyprus foreign exchange market has developed in recent years into one with certain international influence. Leveraging its advantageous geographical location, robust financial regulatory system, and relatively open financial policies, it has attracted numerous forex brokers to establish offices there, playing a significant role in both the European and global forex markets. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, an on-site inspection team conducted field visits in Cyprus.

Process

The on-site inspection team visited the forex broker Mavqeris in Cyprus as scheduled. According to public information, its office address is Tritonos 21, Larnaca 6047, Cyprus.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, traveled to Cyprus following a well-planned itinerary. Based on the aforementioned information, they conducted an on-site visit to the broker Mavqeris.

The on-site inspector proceeded to the target area based on the address information to conduct a physical verification of the broker claiming to be located at Tritonos 21, Larnaca 6047, CyprusMavqeris.

The field investigator successfully arrived at the target location area, which is situated in Larnaca, Cyprus. The surrounding environment appears generally ordinary, with a moderate commercial atmosphere. No company logos or information related to Mavqeris were found on the exterior of the building.

The field investigator attempted to enter the building lobby and explained their purpose to the security personnel, but was not granted permission to enter.

Since access to the building is not possible, reaching the target floor to confirm the office area situation of Mavqeris is also unfeasible. Naturally, there are no obvious signs of the company's office area, security measures, or the possibility of entering the interior. This address is not a shared office space.

The on-site inspector found no information about this broker, and the overall situation does not match its claimed positioning. It is concluded that the broker's address information is false.

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

Conclusion

The inspection team visited the forex broker Mavqeris 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 comprehensive consideration.

Disclaimer

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