Reason for this visit

Spain is the fifth largest economy in the EU. After a tough recession, the country's economic conditions are improving, along with the forex industry. Spain's financial markets are composed of securities markets, derivatives markets and fixed income markets. Among the stock exchanges in Spain, the Madrid Stock Exchange is the largest and most international. The benchmark of the Madrid Stock Exchange is the IBEX 35 index. CNMV is responsible for monitoring and reviewing the securities market, including the foreign exchange market. However, since Spain is a member of the European Union, forex trading providers in Spain must also comply with the rules set by ESMA. The product intervention measures implemented by ESMA last year have had a considerable impact on the Spanish FX and CFDs sector. The measures imposed leverage, marketing, distribution and sales restrictions on CFDs and prohibited binary options trading. Nevertheless, while ESMA’s product intervention measures have hampered the development of the FX industry, eToro analyst Javier Molina believes that, overall, the impact of ESMA’s regulatory changes is positive. Because it makes traders more in control of their transactions, it also makes the entire foreign exchange industry more confident to develop. In order to let investors truly understand the current situation of the Spanish foreign exchange dealers, the survey team is going to Spain to conduct field surveys.

On-site visit

The regulatory information shows that the address of Ibroker's Spanish licensed company is C/ CALERUEGA 102-104, PLANTA BAJA A - 28033 MADRID (MADRID), and the investigators conducted a field visit to this location.

The office of Ibroker is located in the prosperous and wealthy area of Madrid. The surrounding environment is quiet and clean, and the park is properly managed. It is a very professional office park.

Since the dealer's office is on the ground floor, the investigators could see the office through the glass before entering the building, and the logo could be found on the office curtain. After entering the office building, the investigators also found the trader's name on the water sign in the lobby.

The survey personnel found the trader's office, with the company's LOGO hanging on the door. The staff warmly received the survey personnel. According to observations, the office is medium-sized, with about a dozen employees and modern office facilities. In addition, according to the building administrator, there are customers who come to visit Ibroker every day, and the company has been working here for many years.

Conclusion

The investigators went to Spain to visit the trader Ibroker as planned, and the trader's logo can be found on the publicly displayed business address, indicating that the trader has a real business venue. The company's employees received internal visits from the investigators, and the office has been operating here for many years. Investors are requested to make a sensible choice after careful consideration.

Disclaimer

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