Introduction

In the retail forex market, there are a large number of regulated dealers in Cyprus. In order to help investors make a better choice, this time the inspection team visited Optionweb in Limassol, Cyprus.

Regulatory Information

Type of Licenses: CySEC authorized STP License with regulatory address at: 18 Evagora Papachristoforou, Petoussis Bros Building - 4th Floor, CY-3030 Limassol.

Inspection Process

The team followed the regulatory address and arrived at an office building at 18 Evagora Papachristoforou, Limassol. The office building is 200 meters away from the sea, a short distance to the most prosperous commercial street, very conveniently located. There is no obvious logo of the trade Optionweb outside the building.

The inspection team entered the building and found that there was no logo of the trader Optionweb logo on the directory, which shows that the fourth floor, which should be the office of Optionweb according to the regulatory address, is resided by another company.

The inspection team went to the 4th floor and found the logo of another company displayed outside the office.No sign of Optionweb can be found there.

Conclusion

The team’s site visit confirmed the there is no office place at the regulatory address of the trader Optionweb. In other words, the regulatory address is not true. Thorough consideration is suggested for making any choice.

Disclaimer

The information above is for reference only.