There is a very large number of regulated forex brokers in Cyprus, and in certain cases the regulatory addresses of different brokers are the same. In order to help investors know more about the brokers in Cyprus, this time the inspection team went to Limassol, Cyprus to visit the broker COINBITS GLOBAL as planned.
COINBITS GLOBAL is MM licensed by CySEC, with registered address at: 1, Agias Fylaxeos Street, KPMG Center, 2nd Floor, CY-3025 Limassol.
The team arrived at the office building named KPMG Center at 1, Agias Fylaxeos Street, Limassol, Cyprus. The building is located at an intersection, which looks rather grand and eye-catching. It is about 300 meters from the sea.
There is no sign of COINBITS GLOBAL on the signboard outside the building.
There is no logo of COINBITS GLOBAL on the nameplates outside the building and on the floor directory in the lobby.
To further confirm whether COINBITS GLOBAL works in this building, the team went to the second floor and still didn’t see any logo of COINBITS GLOBAL. But peering through the glass at the office door, the Logo of Alvexo rather than that of COINBITS GLOBAL is shown at the reception area.
Through the on-site inspection, it is confirmed that at the address mentioned in the regulatory information there is no office of COINBITS GLOBAL, which means the regulatory information is not true. Please pay attention to the potential risks.
The content is for information purposes only and it is not intended as a recommendation or advice.
2-5 years | Suspicious Regulatory License | Non MT4/5 Software | S…
Coinbits Global Investment
The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.