Reason for this visit

Belize is a jurisdiction very suitable for offshore activities, and its legislation has been adapted to the needs of investors. However, most types of activities are not allowed without the special permission from the authorities. For instance, the country's international commission issues licenses in order to regulate the related services in financial sector. For various financial services (foreign exchange, trust management, currency exchange, credit operations, financial and advisory services, etc.), the issuance procedure is practically the same. Belize is a highly desirable region when it comes to offshore business, with an open and tolerant policy towards all kinds of financial activities. In order to help investors or practitioners to have a more comprehensive understanding of Belize's foreign exchange brokers, WikiFX survey team decides to go to the country for on-site visits to local companies.

On-site visit

In this issue, the survey team went to Belize to visit forex broker Invest Markets as planned according to its regulatory address that Unit 203, No.16 Corner Hutson and Eyre Streets, Blake Building, Belize City, Belize, C.A.

The investigators came to Blake Building at No.16 Corner Hutson and Eyre Streets in Belize on August 17, 2023. The building is situated beside a highway in a commercial district of Belize City, with some retail stores on the ground floor and offices upstairs.

After arriving at the building, the survey personnel found a directory inside, which displays that Unit 203 is occupied by “Marine & Service Ltd”, a logistics company. And there wasnt any information regarding “Invest Markets” at the entrance of the room.

Through an on-site investigation, it is confirmed that Invest Markets doesnt have a physical presence at the place.

Conclusion

The survey team went to Belize to visit forex broker Invest Markets as scheduled, and didnt find the company at its regulatory address. This suggests that the broker may just register at the location without a physical business office. Therefore, investors are advised to choose the broker cautiously.

Disclaimer

The content is used for informational purpose only, and shall not be taken as a final order for making a choice.