Reason for this visit

Cyprus purchased Greek national debt non-prudently in 2012. When the Greek national debt management defaulted, the Cyprus banking system suffered heavy losses, exceeding 30% of Cyprus’s GDP, and the country’s domestic debt crisis arose. In response to the crisis, the Cypriot government introduced a terrible solution that was opposed by all people, aggravating the crisis. At the same time, some people in Cyprus discovered that various forex whose prices are in an upward cycle, independent of sovereign currencies, may be able to cope with this crisis, so some funds poured into the small forex market in an attempt to avoid risks and protect themselves. Gradually, Cyprus has become an active country for forex transactions. In order to help investors learn more about the current status of the forex exchanges in Cyprus, the survey team is going to Cyprus for site visits.

Office Building

This time the survey team visited the dealer NordFX in Limassol, the second largest city in Cyprus, with specific address at 14, Louki Akrita Street, Ayias Zonis, CY-3030 Limassol.   

On-site visit

The surveyors followed the address on the regulatory information to a detached villa in the center of Limassol, Cyprus, which is a two-storey villa of about 200 square meters. As it is located in a residential area, the surrounding environment is relatively lively.

Since all the windows of the villa were closed with curtains, the surveyors were unable to determine whether anyone was working there or to know the internal situation.

The surveyors entered the front yard through a small iron gate and found the logo of the dealer NordFX in the upper right corner of the door. There was no response after ringing the doorbell, so the surveyors were unable to enter the interior house for a further visit. However, it was certain that the dealer's office did exist.

Conclusion

The physical address of NordFX, a licensed dealer in Cyprus, was the same as the regulatory address. According to the on-site survey, the dealer's office premise was located in downtown using a detached villa. Investors can make their choice after comprehensive consideration.

Disclaimer

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