Introduction

There was a phenomenon that multiple dealers were regulated in a same office address. To make confirmation, the inspection team decided to visit the office in Anna Tower, the building where the dealer FinMarket located in Limassol, Cyprus.

Regulatory Information

Regulatory information about FinMarke:

Type of License: STP License issued by CySEC

Address: 56, Griva Digeni, Anna Tower, 1st Floor, CY-3063 Limassol

Process

The team followed the address from the regulatory information and arrived at an office building in which FinMarket’s office is expected. The building is located on a busy street in Limassol.

The team failed to enter the building because of the access control, so they were unable to check on the dealer FinMarket's office. From the outside, the whole building looks a little shabby. The team didn’t find any logo of FinMarket after searching around the building, and there was no logo of the dealer on the directory. 

Conclusion

It is confirmed after the team’s site visit that there is no office of FinMarket at the address indicated by the regulatory information. In other words, the dealer’s regulatory information is not true. Discretion is advised with regard to investment. 

Disclaimer

The information above is for reference only.