Purpose

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

Process

The on-site inspection team visited the forex broker FXNX in Cyprus as planned. According to public information, its office address is Fleming 4 flat 101, 6025, Larnaca Cyprus.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, meticulously planned and traveled to Cyprus to conduct an on-site verification of the trader claiming to be located at Fleming 4 flat 101, 6025, Larnaca Cyprus FXNX.

The field investigator successfully arrived at the area of the target address, which is surrounded by some commercial shops along the street, with an average business atmosphere. After careful observation in the vicinity, no signs or relevant information of FXNX company were found, only the storefront signs of the businesses along the street were visible.

The inspector attempted to enter the potentially relevant building, but due to the lack of clear building identification and no information about FXNX found on the exterior, they were unable to access the so-called company lobby.

Since access to the building is impossible, it is also unfeasible to reach the target floor to verify the office area situation of FXNX, let alone determine whether there are clear signs or security measures. There is no possibility of entering the interior, and the address is not a shared office space.

Based on observations of the surrounding environment, there is no indication that FXNX has an office space here, and the overall situation does not match its claimed positioning.

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

Conclusion

The on-site investigator visited the forex broker FXNX in Cyprus as planned. However, no information such as the broker's company name was found at the publicly displayed business address, indicating that the broker does not have a genuine operational premises. Investors are advised to make their choices after careful consideration.

Disclaimer

The above content and views are for reference only and should not be considered as the final basis for decision-making.