Purpose

The Cypriot forex market has developed in recent years into a market with a certain level of international influence. Leveraging 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

As scheduled, the on-site inspection team visited the forex broker bidx in Cyprus. According to public information, its office address is Pavlou Valdaseridi 2A, Ground Floor, 6018 Larnaca.

A professional and experienced on-site verification team, driven by a sense of mission to strictly vet for investors, proceeded to Cyprus according to a well-planned schedule to conduct a physical verification of the broker bidx, which claims to be located at Pavlou Valdaseridi 2A, Ground Floor, 6018 Larnaca.

The verification personnel successfully arrived at the area of the address. The surrounding environmental conditions are difficult to accurately describe due to the company's absence. On the exterior of the building, no company signage or related information for bidx was found.

The verification personnel attempted to enter the building. Due to the lack of company-related guidance and the absence of a bidx directory board inside the building, they could not explain their purpose of visiting the company to security or staff, and thus failed to obtain entry permission.

Because they could not enter the building, they were unable to reach the target floor to confirm the status of bidx's office area. There were no obvious signs or security measures, nor could they enter the interior. The address was also not a shared office space.

The verification personnel did not find any information about this broker. Upon inquiring with neighboring businesses, they were informed that there was no such company. Therefore, after the on-site verification, it was confirmed that broker bidx does not exist at the aforementioned address.

Conclusion

The on-site investigator visited the forex broker Bidx 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 final basis for selection.