Purpose

The Cyprus forex market has emerged as an influential forex market in recent years, attracting numerous forex brokers to establish operations there due to its advantageous geographical location, robust financial regulatory system, and open financial policies. To help investors and professionals gain a more comprehensive understanding of forex brokers in this region, an on-site inspection team conducted field visits in Cyprus.

Process

The inspection team visited the forex broker Axi in Cyprus as planned. According to public information, their office address is 78 Spyrou Kyprianou, Magnum Business Centre, Office 1B, 3076, Limassol.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, carefully planned and traveled to the target area in Limassol, Cyprus to conduct an on-site verification of the trader Axi claiming to be located at 78 Spyrou Kyprianou, Magnum Business Centre, Office 1B, 3076, Limassol.

The inspection personnel successfully arrived at the Magnum Business Centre, located in the bustling downtown area of Limassol with a strong commercial atmosphere. The location is very convenient in terms of transportation, making it easy to find the destination. The logo of Axi company was clearly visible on the exterior of the building.

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

However, when attempting to proceed to the target floor, since we had already entered the building before, the security personnel did not permit re-entry to the upper floors and requested us to leave the area. The attempt to reach the target floor was unsuccessful, so we were unable to confirm whether there were clear signs for Axi company's office area, nor could we enter to photograph the reception desk and its logo. Additionally, this office was not a shared workspace.

Due to the inability to access the company's premises, it was not possible to observe the internal environment and other conditions. However, upon arrival, the address was confirmed to belong to this broker, verifying its existence at the aforementioned location.

Conclusion

The inspection team visited the forex broker Axi in Cyprus as planned. At the publicly displayed business address, the broker's company logo and other information were visible, confirming the existence of a genuine operational premises. Investors are advised to make comprehensive considerations before making their choice.

Disclaimer

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