WikiFX recently received a number of calls from investors requesting more surveys on those brokers with doubtful presences/identifications. As part of the efforts in response to these requests, WikiFX sent its fact-finding team to visit SCM.
According to regulatory information, the purported Cyprus licensed company SCM is located at 28th October Ave 319, Limassol. WikiFX’s fact-finding team paid a field visit to this site.
The surveyors walked down 28th October Avenue, a gorgeous coastal drive, and before long, they found SCM's purported office building as indicated by its regulatory information.
The surveyors came to the other side of the office building, with a view of blue glass facade. The office building is in a good location.
The surveyors found SCM on a list of companies outside the office building. However, they were surprised to learn from the building’s reception-desk staff that SCM had moved away.
A field investigation by WikiFX did not found SCM’s office in Cyprus. However, according to the company’s official website, SCM does have qualification for operating in forex industry. Albeit relatively small in size, the company appears to be operating in a compliance status. Investors are advised to keep an eye on this company on which WikiFX is not yet able to draw a clear conclusion. WikiFX will follow up with more investigations in the future.
5-10 years | CyprusRegulation | Forex License(STP) | No MT4/5 |…
SPOT CAPITAL MARKETS LTD
+357 25 030 480
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