Recently,the team received many phone calls from investors with the hope of more Cyprus licensed companies whose actual addresses were inconsistent with those declared by the supervision agency exposed. To help investors better distinguish the brokers with cloned licenses, our investigation staff decided to go to visit KAWASE’s Cyprus office address for the details.
According to the regulatory information, the address of the Cyprus licensed broker KAWASE was 19 Stratigou Timagia, 3rd Floor, 3107 Limassol. The staff visited the spot.
They found the office building located in Limassol, Cyprus according to the regulatory information.
To finish the investigation task as soon as possible, they entered into the building immediately. Checking the floor guide, they learned that it was TopFX rather than KAWASE that set the office on the third floor.
They walked to the third floor and only to find one office room there. Mailboxes were here and there in the corridor, and there wasn’t any company signage. To make it clear whether KAWASE set its office there, they learned from the personnel of the front desk that KAWASE, which was previously one of TopFX’s brands, did not exist anymore. Actually, KAWASE and TopFX were the same company. Hence, they understood why there were two flags printed with TopFX’s logo.
Finishing the task, they went down upstairs tiredly and noticed two firefighting doors which were equipped with video devices for safety protection.
It has been attested by the investigation staff that the actual address of the Cyprus licensed company KAWASE is inconsistent with that declared by the supervision agency.
2-5 years | Suspicious Regulatory License | Non MT4/5 Software | S…
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