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145 Griva Digeni, Olziit, Limassol District, Cyprus
Inspection Reason
Recently, many investors said that enough and comprehensive information about TOPFX can not be obtained from its official website and hoping we could pay a visit to the broker. In order to provide them with more first-hand information, the investigation team visited TOPFX in Cyprus for a closer look.
Company Building
According to the regulatory information, TOPFX in Cyprus is located at 19 Stratigou Timagia, 3rd Floor, 3107 Limassol. The investigation staff visited the spot.
According to the regulatory information, they successfully found this office building in Limassol.
Featured Photos
In order to complete the survey as soon as possible, the surveyors immediately entered the building and checked the floor guide, finding that TOPFX was on the third floor and there was a large supermarket on the second floor.
After walking to the third floor, the inspection team found there was only one office. Letterboxes with no signboard can be found everywhere in the corridor.
Entering the office, the survey staff looked around and found the room was spacious and clean, with nearly 40 people working in it. After a brief conversation with the front desk staff, TOPFX CEO and marketing department chief received the survey staff.
Marketing department chief of TOPFX told the survey staff that the office was shared by TOPFX and spotware. Before the surveyors questioned there was no TOPFX’s logo in the office, the man in charge explained that they just moved here for a few months, so there was no obvious logo in the office. But there was a logo in CEO's office.
Then the surveyors noticed the two flags printed with TOPFX’s logo on the front desk. They took a photo of the reception area and went downstairs.
When going downstairs, the survey staff saw two fire doors installed with security video device.
Survey Summary
It was confirmed by the field survey that the address of TOPFX in Cyprus was consistent with its regulatory address. Although TOPFX held the MM License issued by CySEC (RN.138/11) and the EEA License issued by FCA (RN.579491), its another two Common Financial Service Licenses respectively issued by BaFin and BDF showed that the broker overran the business scope regulated by BaFin and BDF.
Website:https://topfx.com.sc/en
Website:https://topfx.com.sc/en
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