Reason for this visit

To help investors have good knowledge of regulated brokers in Cyprus, the survey team this time visited NessFx, a broker based in Limassol, Cyprus. 

Regulatory Information

According to the regulatory information, the broker NessFx has the MM license issued by CySEC and located at Theklas Lysioti, 4 Harmony House, 3rd floor, Office 31, 3030, Limassol.

On-site visit

The survey team followed the address on the regulatory information to the Harmony House, the office building where the broker NessFx’s office is located. Later, the team came to the mailbox of building, at where they found one with FxNet’s logo on it, but could not see any logo of NessFx.

Following the address on the regulatory information, the team came to the 3rd floor but saw the the logo of FXnet outside office. To confirm whether NessFx was operated there, the team knocked on the office door and asked the staff for information. In the end, the team learned that NessFX and FxNet referred to the same company.

Conclusion

The team’s site visit confirmed the the existing office place of NessFx at the regulatory address. However, the office place bears the logo of FxNet, and it is learned that NessFX and FxNet refer to the same company. Thorough consideration is suggested for making any choice.

Disclaimer

The content is for informational purpose only, and shall not be taken as final order for making choice.