Reason for this visit
To help investors have good knowledge of regulated brokers in Cyprus, the survey team this time visited GLOBTREX, a broker based in Limassol, Cyprus.
According to the regulatory information, the broker GLOBTREX has the MM license issued by CySEC and located at 12 Archiepiskopou Makariou Avenue III, Zavos KrisTellina Tower, OFFice No 201, Mesa GeiTonia, LiMassol 4000.
The survey team followed the address on the regulatory information to an office building at 12 Archiepiskopou Makariou Avenue III, Limassol, Cyprus. The building is about 2.5 kilometers away from the famous Esplanade, not far from the cross-city expressway, with superior location and convenient transportation.
After entering the building, the survey team saw the logo of Coverdeal on the directory of lobby and mailbox, which indicated Coverdeal is operated in Office 201. Obviously, it is inconsistent with the regulatory information. According to the information, it shall belong to the broker GLOBTREX.
To further confirm whether GLOBTREX works in this building, the team came to Office 201 on the 2nd floor. At the door, they could only see the doorplate and logo of Coverdeal, but no logo or other information of GLOBTREX. In the end, the team learned that GLOBTREX and Coverdeal referred to the same company.
The team’s site visit confirmed the the existing office place of GLOBTREX at the regulatory address. However, the office place bears the logo of Coverdeal, and it is learned that GLOBTREX and Coverdeal referred to the same company. Thorough consideration is suggested for making any choice.
The content is for informational purpose only, and shall not be taken as final order for making choice.
5-10 years | Regulated in Cyprus | Market Making(MM) | MT4/5 full …
Coverdeal Holdings Limited
+420 228 226 814
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.