Purpose

The Cyprus forex market has developed in recent years into a market with certain international influence. Leveraging its relaxed regulatory policies and advantageous geographical location, it has attracted numerous forex brokers to establish offices there. 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 TopFX in Cyprus as planned. According to public information, its office address is 28th Oktovriou 317, Kanika BC, offices No. 401 and 402 (whole 4th floor) 3105 Limassol, Cyprus.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, meticulously planned and traveled to Cyprus to conduct an on-site verification of the broker TopFX claiming to be located at 28th Oktovriou 317, Kanika BC, offices No. 401 and 402 (whole 4th floor) 3105 Limassol, Cyprus.

The inspector successfully arrived at the target building, which is located in a relatively bustling area of Cyprus with a strong commercial atmosphere in the vicinity. However, no company logo or relevant information for TopFX was found on the exterior of the building.

The inspector entered the building lobby and stated their purpose to the security personnel. After brief communication, they obtained entry permission.

Upon arriving at the target location on the 4th floor, the investigator found that TopFX's office area had no clear signage or security measures. With no available information about this broker, the investigator was unable to access the interior. Furthermore, this office space was not a shared workspace.

Through the glass door, since there were no visible signs related to TopFX inside, it was impossible to observe the so-called internal company environment. The overall situation did not match its claimed positioning.

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

Conclusion

The inspection team visited the forex broker TopFX in Cyprus as planned. At the publicly displayed business address, they were unable to find any information about the broker's company name, indicating that this 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.