Purpose

The Cyprus foreign exchange market has developed in recent years into one with certain international influence. As one of Europe's important financial centers, 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 Enfodns in Cyprus as scheduled. According to public information, its office address is Voukefalias 58, Larnaca 6041, 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 trader claiming to be located at Voukefalias 58, Larnaca 6041, Cyprus Enfodns.

The field investigator successfully arrived at the target location, where the surrounding environment was average. No company signage or related information was found on the exterior of the building.

The inspector went to the building lobby and stated their purpose to the security or staff, but did not obtain permission to enter.

Moreover, since the specific floor and location cannot be confirmed, the on-site inspectors are unable to reach the exact floor to verify the company's precise position. Consequently, they cannot enter the company's interior or photograph the reception area and logo. Additionally, this office is not a shared workspace.

Through the public areas of the building, it was impossible to enter the company's interior, making it unobservable to assess the internal environment. Additionally, inquiries with passersby confirmed that the company does not exist here, leading to the conclusion that it is fraudulent.

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

Conclusion

The on-site investigator visited the forex broker Enfodns in Cyprus as planned. 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 physical office. Investors are advised to make their choices after careful consideration.

Disclaimer

The above content and views are for reference only and should not be considered as the final basis for selection.