Purpose

The Cyprus foreign exchange market has developed in recent years into a market with a certain degree of international influence. Thanks to 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, an on-site inspection team conducted field visits in Cyprus.

Process

The on-site inspection team visited the forex broker Morgantrust in Cyprus as planned. According to public information, its office address is 1, Naousis Street, Karapatakis Building, 4th Floor, Suite 1, CY - 6018 Larnaca.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet investments for investors, meticulously planned and traveled to Cyprus to conduct an on-site verification of the trader Morgantrust purportedly located at 1, Naousis Street, Karapatakis Building, 4th Floor, Suite 1, CY - 6018 Larnaca.

The inspection personnel successfully arrived at the Karapatakis Building, located in a specific area of Larnaca, Cyprus. No signs related to the trader were observed in the surrounding street environment. No company logo or relevant information of Morgantrust was found on the exterior of the building.

The surveyor entered the building lobby and explained their purpose to the security guard, but failed to obtain entry permission.

Since we were unable to enter the building, we could not reach the target floor (4th floor) and thus were unable to determine whether there were any obvious signs or security measures in the Morgantrust office area. This location is also not a shared office space.

The on-site inspector found no information about this broker, casting doubt on its authenticity. The internal environment of the company could not be observed through the building's glass doors or other means, and no signs of the broker's presence were found overall. This does not align with its claimed positioning of having a genuine physical office.

Therefore, after the on-site inspection, it was confirmed that the broker Morgantrust does not exist at the above address.

Conclusion

The on-site investigator visited the forex broker Morgantrust in Cyprus as planned. The broker's company name and other information were not found at the publicly displayed business address, indicating that the broker does not have a genuine operational 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 considered as the final basis for decision-making.