Purpose

The Cyprus foreign exchange market has developed into a dynamic market in recent years, attracting numerous forex brokers to establish operations here due to its advantageous geographical location and relatively lenient financial regulatory policies. To assist investors or practitioners in gaining a more comprehensive understanding of forex brokers in this region, our team conducted on-site visits in Cyprus.

Process

This week, the team is scheduled to visit the forex broker Lozarainc in Cyprus for an on-site inspection. According to publicly available information, its office address is Granikou 22, Larnaca 6051, Cyprus.

A professional and experienced team, driven by a sense of mission to rigorously safeguard investors' interests, traveled to Cyprus according to a well-planned schedule to conduct an on-site verification of the trader Lozarainc claiming to be located at Granikou 22, Larnaca 6051, Cyprus.

The team has successfully arrived in the area of the target address, where the surrounding environment is relatively ordinary with a mediocre commercial atmosphere. No company signage or related information of Lozarainc was found on the exterior of the building.

The team went to the lobby of the building and explained their purpose to the security guard, but failed to obtain permission to enter. Upon inquiring with nearby personnel, they claimed to have never heard of it.

Since access to the building is not possible, it is also impossible to reach the target floor to confirm the office area situation of Lozarainc. Photographing the reception desk and its logo is not allowed, and it is not a shared office space.

After searching, no information about this broker was found, and its authenticity is questionable. Therefore, after on-site verification, it was confirmed that broker Lozarainc does not exist at the above address.

Conclusion

The team visited the forex broker Lozarainc in Cyprus as planned, but found no information such as the company name at the publicly displayed business address, indicating that the broker does not have a genuine operational presence. 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 selection.