Introduction

In order to help investors know more about the regulated brokers in Cyprus, this time the inspection team went to Limassol, Cyprus to visit the broker iFOREX as planned.

Regulatory Information

The broker iFOREX is holding a MM license authorized by CySEC. According to the regulatory information, the broker is located at Corner of Agiou Andreou and Eleftheriou Venizelou Str, Vashiotis Agiou Andreou Bld, 2nd Floor - Office 201, CY-3035 Limassol or P. O. Box 54216, CY-37. The inspection team went to this address. 

Inspection Process

The inspection team arrived at an office building at Corner of Agiou Andreou and Eleftheriou Venizelou Str., named Vashiotis Agiou Andreou.

No sign of iFOREX at the entrance of the building, then the inspection team went to the second floor by elevator,there was also no logo or any information about the broker iFOREX.

Conclusion

The team’s site visit confirmed that there is no office place of iFOREX at the registered address, which means the regulatory information about the broker is not true. Please be wary of investment risks. This session of Field Survey is presented as above.

Disclaimer

The information above is for reference only.