Inspection Reason
The surveyors paid a site visit to BWM in this session following the working schedule.
Office
According to the regulatory information, the Cyprus licensed company of BWM was located at 88, Agias Fylaxeos, Zavos City Center - 4th Floor, CY-3311 Limassol.The inspection team paid a site visit to the office.
In order to complete the inspection in this issue, the surveyors came to the Zavos City Center in Agias Fylaxeos, where the office of BWM is located.
Featured Photos
The surveyors did not find BWM on the company identification plate in the building. The surveyors were informed that BWM and Leverate have the same regulatory address.
Therefore, the surveyors came to Room 401 on the fourth floor of the office building and asked Leverate staff. One of Leverate's staff said that although he had heard of BWM, he did not know the company's office address.
Conclusion
After the inspection, the surveyors confirmed that the actual address of BWM was not consistent with that shown on the regulatory license.As for license, the broker held a STP license from CySEC. Please think twice and then make choice.
Website:http://www.bwm.exchange/
2-5 years | Suspicious Regulatory License | MT4/5 White Label | Re…
Leverate Financial Services Limited
BWM Exchange
compliance@bwm.exchange
+357 25254422
Cyprus
--
--
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.
For more comprehensive data
Please download WikiFX APP