Purpose

The Cyprus forex market has developed into an influential forex market during specific time periods, occupying a certain position in the European financial markets with a relatively active trading atmosphere and diverse trading products. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the team conducted on-site visits in Cyprus.

Process

The team is scheduled to visit the forex broker EBC in Cyprus for on-site inspection this period. According to public information, their office address is 101 Gladstonos, Agathangelou Business Centre, 3032 Limassol, Cyprus.

A professional and experienced team, driven by a sense of mission to rigorously vet investments for clients, meticulously planned and traveled to Cyprus to conduct an on-site verification of the broker EBC claiming to be located at 101 Gladstonos, Agathangelou Business Centre, 3032 Limassol, Cyprus.

The team has successfully arrived at the target building, which is located in a specific geographic area of Limassol, Cyprus, with a generally bustling surrounding environment and strong commercial atmosphere. However, no EBC company signage or related information was found on the exterior of the building.

The team entered the building lobby and stated their purpose to the security personnel. After communication, they failed to obtain entry permission.

Since access to the building was not possible, we were unable to reach the target floor to verify the specific situation. Additionally, no EBC company directory signage was found within the building, nor was the company's logo visible. Furthermore, there was no opportunity to photograph the reception area or its logo, as this office is not a shared workspace.

The investigator found no information about this broker and determined it to be fraudulent. Therefore, the on-site verification confirmed that broker EBC does not exist at the aforementioned address.

Conclusion

The team visited Cyprus as planned to conduct an on-site inspection of the forex broker EBC. At the publicly displayed business address, no information such as the company name of the broker could be found, indicating that the broker does not have a genuine physical 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 used as the final basis for selection.