Purpose

The foreign exchange market in Cyprus has gradually developed into a relatively open and active market against the backdrop of international financial development. As one of Europe's important financial centers, Cyprus's forex market has attracted numerous investors and traders. 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 FXGT in Cyprus as planned. According to public information, its office address is Aiolou & Panagioti Diomidous, 9 Katholiki, 3020, 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 FXGT, which claims to be located at Aiolou & Panagioti Diomidous, 9 Katholiki, 3020, Limassol, Cyprus.

The field investigator successfully arrived at the target location and confirmed it was the correct address upon arrival. However, it was discovered to be merely a private residence. The surrounding environment appeared to be an ordinary residential area with no commercial atmosphere. No signs or information related to FXGT company were found outside the residence.

The inspector entered this residential area. Although they could access common spaces like a lobby, this was not a commercial building, and there were no security guards or staff present.

Since this is a private residence, there is no so-called target floor. There are no office areas of FXGT company here, let alone obvious signage or security measures. As this is not a commercial office space, the on-site inspectors cannot enter the interior, and this is not a shared office.

From an external observation, there is no trace of company operations here, which completely contradicts the office address location claimed by the trader.

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

Conclusion

The inspection team visited the forex broker FXGT in Cyprus as planned. At the publicly displayed business address, they were unable to find any information such as the company name of the broker, indicating that the broker does not have a genuine business premises. 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.