Purpose

The Cypriot forex market has developed into a market of considerable scale in recent years, attracting numerous forex brokers to establish operations there due to its relatively relaxed financial regulatory policies and favorable geographical location. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team traveled to Cyprus for a field visit.

Process

As planned, the on-site inspection team visited the forex broker Insta-Trading in Cyprus. According to public information, its office address is Novel Tower, Alexandrou Panagouli 1, Larnaca, Cyprus.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, followed a meticulous plan and traveled to Cyprus to conduct an on-site verification of the broker Insta-Trading, which claims to be located at Novel Tower, Alexandrou Panagouli 1, Larnaca, Cyprus.

The on-site investigator successfully arrived at Novel Tower. The location is situated at a specific point in Cyprus. The surrounding environment cannot be described due to lack of clarity, and the commercial atmosphere is also difficult to define. No signage or relevant information for the company was found on the exterior of the building.

The investigator entered the building lobby and stated their purpose to the security personnel. After communication, permission to enter was obtained.

However, when searching for the company directory within the building, although the directory was found, no information for Insta-Trading company was discovered. As the specific floor location could not be confirmed, the on-site inspector could not reach the specific floor to confirm the exact location, nor could they enter the company's premises. Furthermore, it was not possible to photograph the reception area and its logo, and the office was not a shared workspace.

Through the lobby area, as access to the company's interior was not possible, the on-site investigator was unable to observe the internal office environment and other conditions. Overall, the authenticity of this broker is questionable.

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

Conclusion

The on-site investigator visited the forex broker Insta-Trading in Cyprus as planned. At the publicly displayed business address, no information such as the broker's company name was visible, indicating that the 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.