Purpose

The Cyprus forex market has developed into an influential offshore forex market in recent decades, attracting numerous international forex brokers to establish branches there due to its advantageous geographical location, lenient regulatory environment, and well-developed financial infrastructure. 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 inspection team visited the forex broker Global Forex in Cyprus as planned. According to publicly available information, its office address is Skourou, Larnaca - 6023, Cyprus.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, traveled to Cyprus according to a meticulous plan to conduct an on-site verification of the broker Global Forex, which claims to be located at Skourou, Larnaca - 6023, Cyprus.

The on-site inspector successfully arrived at the area of the target address. The surrounding environmental conditions are difficult to describe due to the non-existence of an office. No signage or any relevant information pertaining to the company was found on the exterior of the building. The entire area appears relatively ordinary, with no obvious clues pointing to this broker.

The investigator entered the building lobby and stated their purpose to the security guard. Since there was absolutely no directory information for the company within the building, the security guard indicated they were unaware of the company, and the investigator was unable to obtain entry permission.

Because it was impossible to enter the building, it was also impossible to reach the target floor to confirm the specific location, let alone discover whether Global Forex's office area had clear signage or security measures. This was due to the inability to access the interior and the fact that this office is not a shared workspace.

Upon arrival, I confirmed it was the correct address, but found no information about this broker/trader, raising doubts about its authenticity.

Therefore, after on-site verification, it has been confirmed that the broker Global Forex does not exist at the above address.

Conclusion

The on-site investigator visited the forex broker Global Forex in Cyprus as planned. At its publicly displayed business address, no information such as the company name of this broker could be seen, 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 sole basis for final decision-making.