Purpose

The Cyprus foreign exchange market has developed into a market with certain influence in recent years. With its relatively relaxed financial regulatory policies and superior geographical location, it has attracted numerous forex brokers to establish offices here. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team conducted field visits in Cyprus.

Process

The on-site inspection team visited the forex broker eToro in Cyprus as planned. According to public information, its office address is 4 Profiti Ilia Str., Kanika Business Centre, 7th floor, Germasogeia, 4046, Limassol, Cyprus.

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 the Germasogeia area in Cyprus to conduct an on-site verification of the broker eToro reportedly located at 4 Profiti Ilia Str., Kanika Business Centre, 7th floor, Germasogeia, 4046, Limassol, Cyprus.

The field investigator successfully arrived at the Kanika Business Centre, located in the Germasogeia area of Limassol, Cyprus. The surrounding environment is relatively bustling with a strong commercial atmosphere. However, no company signage or related information for eToro was found on the exterior of the building. Instead, it was discovered to be a bank. The investigator had to detour to the side before spotting the building entrance.

The inspector entered the lobby and explained their purpose to the security guard. After a brief communication, they were granted entry. Inside the building, no directory for this company was found, and there was no information about the 7th floor.

As a result, the surveyor was unable to reach the target floor (7th floor) and could not identify any eToro clear signage in the office area, nor were there any security measures in place. However, due to reasons such as lack of prior appointment, the surveyor was unable to enter the interior. Additionally, they could not photograph the reception desk or its logo. This office is not a shared workspace.

Through the public area, as access to the interior was not possible, the on-site inspector could not observe the internal environment of the company. Overall, its authenticity is questionable.

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

Conclusion

The on-site investigator visited the forex broker eToro 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.