Purpose

The Cyprus forex market has developed into a relatively active forex market in recent years, attracting numerous forex brokers to establish operations there due to its relatively relaxed financial policies and advantageous geographical location. To help investors and 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 Financika in Cyprus as planned. According to public information, its office address is Arch. Makariou III, 55 Athiainou, 7600 Larnaca, Cyprus.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, meticulously planned and traveled to Cyprus to conduct an on-site verification of the broker Financika claiming to be located at Arch. Makariou III, 55 Athiainou, 7600 Larnaca, Cyprus.

The inspection personnel successfully arrived at the area of the target address. The overall surrounding environment appears normal from the exterior, but no signage or relevant information of Financika company was found on the exterior of the building.

The inspector entered the building lobby and explained their purpose to the security personnel, but after communication, failed to obtain entry permission. Since they couldn't access the building interior, they were unable to verify whether the company's directory plate existed inside the premises.

Due to the inability to enter the building, it was impossible to reach the target floor to verify the office area situation of Financika, let alone determine whether there were clear signs or security measures. There was also no possibility of entering the interior for inspection, and this address is not a shared office space.

Through public areas, it is also impossible to observe any internal conditions of the company, and no information about this broker was found, raising doubts about its authenticity. Therefore, after on-site verification, it is confirmed that broker Financika does not exist at the above address.

Conclusion

The inspection team visited the forex broker Financika in Cyprus as planned, but found no information such as the company name at the publicly displayed business address, indicating the broker lacks a genuine operational premises. Investors are advised to make comprehensive considerations before making a choice.

Disclaimer

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