WikiFX continues its journey on exploring those dishonest companies, the efforts also known as the “WikiFX inspection” or field survey. Surveyors went to look for the company KAWASE this time.
According to regulatory information, KAWASE’s office in Cyprus is 19, Stratigou Timagia, 3rd floor, Limassol 3107. WikiFX sent its fact-finding team to this site.
The surveyors came to Stratigou Timagia Street according to the company’s license information, and found a multi-storey building. This is believed to be the location where the target company is located.
The surveyors came inside the office building, but found no logo of KAWASE on mail box.
The surveyors went straight to the third floor and found that only one company was on the third floor of the building and that the LOGO on the sign outside was not KAWASE’s. The surveyors then asked the staff if they had heard of KAWASE, getting negative answers.
WikiFX’s data shows the broker is using non-MT4/5 software.
A field survey by WikiFX pursuant to KAWASE’s regulatory information did not find the company’s office. KAWASE has a full licence from CySEC and an EU authorized-representative licence from the UK FCA, but this does not completely rule out the possibility of it misappropriating/imitating the license of a legitimate company. Investors should stay cautious when investing with this company.
5-10 years | CyprusRegulation | Forex License(MM) | No MT4/5 | …
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