Reason for this visit
In order to help investors have a more comprehensive understanding of the regulated forex brokers in Cyprus, this time the survey team visited ForexMart, a broker based in Limassol, Cyprus.
According to the regulatory information, the broker ForexMart has the MM license issued by CySEC and located at 23A, Spetson, Leda Court, Block B, Office B203, Mesa Geitonia, CY- 4000 Limassol. The survey team thus decided to have an on-site visit to this regulatory address for confirmation.
The survey team followed the address on the regulatory information to an office building in Limassol, Cyprus. The building looks grand named"Libra tower", the logo of which can be seen from a distance. At first glance, it isn’t particularly new but nice.
According to the regulation information, the broker ForexMart is located in Office B203 in Block B of building. Later, the team came to Block B, however, they failed to find any logo of ForexMart on the mailbox and directory.
The team took the elevator to the 2nd floor and found Office 203, at where ForexMart's logo was clearly in sight.
It is confirmed after the survey team’s site visit that ForexMart’s office indeed is located at the regulatory address. However, the team was unable to enter the broker's office so that the business scale and operation condition of which remained unknown. 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.
5-10 years | Regulated in Cyprus | Regulated in United Kingdom | R…
443 300 104 195
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.