Reason for this visit
In the retail forex market, there are a good number of regulated dealers in Cyprus. Sometimes, it happens to one regulatory address registered with multiple brokers. In order to provide investors with more comprehensive information, the survey team this time visited Wise Trader, a broker based in Limassol, Cyprus.
According to the regulatory information, the broker Wise Trader has the STP license issued by CySEC and located at 43, Kolonakiou Avenue, Shop N2B, Ayios AThanasios, 4103 LiMassol.
According to the address on the regulatory information, the survey team came to an office building at 43 Kolonakiou Avenue, Limassol, Cyprus. The building is very eye-catching. Since the office is in nature of business, there is no logo or other information of Wise Trader near the entrance of building. However, at the parking lot, there was a sign relating to F1Markets. Guided by the sign, the team found the corresponding office. The team knocked to enter the office and talked with a lady in the office. The lady said she was not in charge of this kind of things, and she did not allow the team to take pictures of the outdoor. What she only told is that the office truly is of F1Markets. As to the broker Wise Trader, she needed to confirm whether it belongs to their company.
The survey team confirmed after the on-the-spot visit that Wise Trader has an unidentified office at the regulated address. There is a logo of F1Marktes there, but no logo or other information of Wise Trader. It is not sure whether F1Marktes and the Wise Trader refer to the same company. Please be prudent when trading with this broker.
The content is for informational purpose only, and shall not be taken as final order for making choice.
2-5 years | Suspicious Regulatory License | Non MT4/5 Software | S…
+357 251 23326
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.