Purpose

The Cyprus foreign exchange market has developed into a market with certain influence in recent years. With relatively relaxed financial policies and a favorable investment environment, 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 inspection team conducted on-site visits in Cyprus.

Process

The on-site inspection team visited the forex broker UCP in Cyprus as scheduled. According to public information, its office address is 3, Afentrikas, CY - 6018 Larnaca.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, meticulously planned and traveled to the target area in Cyprus to conduct an on-site verification of the trader claiming to be located at 3, Afentrikas, CY - 6018 LarnacaUCP.

The inspector successfully arrived at the target address, where the surrounding environment was average. No company logo or related information of UCP was found outside the building.

The inspector attempted to enter the building lobby but was not granted access.

There is no UCP company nameplate inside the building, and no company logo is displayed either inside or outside the building.

Due to the inability to enter the building, the surveyors could not reach the specific floor and confirm the exact location, nor could they access the interior of the company.

The front desk and its logo must not be photographed, and this office location is not a shared workspace.

Upon arrival, the inspector confirmed the address but found no information regarding the trader, casting doubt on its authenticity. From outside the building, it was also impossible to observe the internal office environment or other relevant details of the company.

Therefore, after on-site verification, it is confirmed that the broker UCP does not exist at the above address.

Conclusion

The on-site investigator visited the forex broker UCP in Cyprus as planned. However, no information such as the company name of the broker was found at its 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 selection.