Inspection Reason

Recently some investors asking for more disclosure of Indonesia licensed broker whose real address was not the same with its licensed address. In response to clients’demand, the surveyors were about to visit PFX.

Office

According to the regulatory information, the broker was located at TB8, Limassol The surveyors visited the broker.

According to the regulatory information, the surveyors found the building and found the broker’s logo on the building was removed, In order to know what happened, the surveyors inquired the a staff member on duty and then were informed PFX has moved for two years.

Conclusion

The visit by surveyors confirmed the office of the Cyprus licensed broker didn’t exist.  As confirmed by the surveyor after the field survey, the Cyprus licensed broker PFX has moved away. The broker's real office address and regulation address didn't match. As a result, investors shall think twice before making choice.