Purpose

The Cyprus forex market is a dynamic foreign exchange market that has developed in recent years. With its relatively relaxed financial regulatory policies and advantageous geographical location, it has attracted numerous forex brokers to operate 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 a field visit.

Process

This time, the on-site inspection team went to Cyprus as planned to visit the forex broker ZNB Capital. According to public information, its office address is Panagiotis Kanellopoulou, 18, SAKKAS COURT 3, Floor 1, Flat/Office 6057 102, Larnaca, Cyprus.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, meticulously planned and traveled to Cyprus to conduct a physical verification of the broker ZNB Capital claiming to be located at Panagiotis Kanellopoulou, 18, SAKKAS COURT 3, Floor 1, Flat/Office 6057 102, Larnaca, Cyprus.

The on-site investigator successfully arrived at the target building, which is located in a specific area of Larnaca, Cyprus. The surrounding environment appears relatively ordinary, with a general commercial atmosphere. On the exterior of the building, no logos or any relevant information of the broker were found.

The investigator entered the building lobby and stated their purpose to the security personnel. After communication, permission to enter was not granted.

Since the inspector was unable to enter the building to reach the target floor (1st floor), it was not possible to determine whether the office area of ZNB Capital had clear signage or security measures. Due to the inability to enter the building, the inspector could not reach the specific floor and confirm the exact location, nor could they enter the company's interior. Additionally, this office is not a shared workspace.

The on-site investigator conducted a comprehensive observation outside the building but did not find any information about this broker, concluding it is false. The overall situation does not match its claimed positioning of having an actual physical office.

Therefore, after on-site verification, it was confirmed that broker ZNB Capital does not exist at the above address.

Conclusion

The on-site inspection team visited the forex broker ZNB Capital in Cyprus as planned. At the publicly displayed business address, they were unable to see any information such as the broker's company name, indicating that the broker does not have a genuine physical 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 sole basis for final decision-making.