Eurivex Ltd., an EU investment company regulated by CySEC with the regulation number 114/10, provides services including order processing, proprietary account trading and custody for clients financial instruments.
Eurivex was founded in 2009 and received regulatory approval from CySEC in March 2010. Eurivex is a family-owned and managed enterprise with eight operating divisions, an independent anti-money laundering staff member, three subcommittees (investment, risk management, compensation) and an external auditor, Grant Thornton Cyprus.
Eurivex's five-person board is made up of three senior managers and two non-executive independent directors, all reviewed and approved by CySEC. Eurivex's board and management team are both licensed professionals.
By the end of 2016, Eurivex had a capital and undistributed profit of 1 million euros and a capital adequacy ratio of over 38 percent, well above the legal requirement. And Eurivex is a member of the Cyprus Investor Protection Fund.
According to the regulatory information, the address of Eurivex is: 18 Kyriakou Matsi Avenue, First Floor Nicosia CY 1082. WikiFX paid a field visits to the site.
The surveyors could see the logo of Eurivex from a distance when they came to the Victory Tower, the building where it was located.
What’s interesting, the surveyors found the Czech embassy in Cyprus is on Level 2.
The surveyor enters Victory Tower from the front door. What’s worth noting here is that the "O" letter in the logo is misplaced, and whether it is some sort of “abstract art” is anybody’s guess.
The surveyors easily found Eurivex's room -- Room 101.
The inspection team entered the company and had a good talk with its management level. The communication was relaxed and pleasant. Unfortunately, Eurivex declined the team’s request to take photos. Based on a cursory look, the company is not very large, yet is well decorated. People working there do not seem to be a lot, with the number of the company estimated to be around 25.
WikiFX’s information indicates that the broker is using non-MT4/5 software.
Following a field visit, WikiFX’s inspection team found that the address of Eurivex was the same as that on its regulatory license. The company was real, and even with the Czech embassy upstairs, indicating that building is very authoritative. Eurivex is not very big in size, yet its interior deployment feels good. The staff looks small in size, with the number of office seats estimated to be around 25. With a comprehensive view, there is some degree of security with this company.
5-10 years | CyprusRegulation | Full License(MM) | No MT4/5 | <…
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