WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
您当前语言与浏览器默认语言不一致,是否切换?
切换
Global Broker Regulation & Inquiry App
Broker Search
English

简体中文

繁體中文

English

Pусский

日本語

ภาษาไทย

Tiếng Việt

Bahasa Indonesia

Español

हिन्दी

Filippiiniläinen

Français

Deutsch

Português

Türkçe

한국어

العربية

Download

A Visit to Altosmarket in Cyprus -- Finding No Office

Danger Cyprus

Ekataiou, Olziit, Limassol District, Cyprus

A Visit to Altosmarket in Cyprus -- Finding No Office
Danger Cyprus

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 Altosmarket in Limassol, the second largest city in Cyprus, with specific address at 6, Maximos Michaelides Str, Maximos Plaza, Block 3, 5th Floor, Office 3501, CY-3106 Limassol, Cyprus.  

On-site visit

1.png

The surveyors followed the address on the regulatory information to a local landmark building. Altosmarket’s office was located on Makariou III in the busy area of Limassol, Cyprus. The building was quite large and grand in appearance. Along the street were stores, and the upper floors were offices.

2.png

The surveyors found that although there was access control under the office building, the door was open. In addition, no security personnel were found in the building.

3.png

4.png

The surveyors did not find the name of the dealer Altosmarket on the directory in the lobby. In addition, there was a reception desk in the lobby, but there was no employee working there. Therefore, the surveyors decided to go straight upstairs for a further visit.

5.png

After reaching the fifth floor, the surveyors found an office, but it belonged to a company called C.pilyugin&CO LLC and was not owned by the dealer Altosmarket. In other words, Altosmarket did not have any offices here.

Conclusion

The survey team went to Cyprus, to visit the the dealer Altosmarket and found no office at its business address. It was supposed that the dealer might just use that address to register its company, or there was no offline exhibition place. Please be prudent when trading with this broker.

Disclaimer

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

Broker Information

Suspicious Clone
Altosmarket

Website:https://altosmarket.com/

2-5 years |Suspicious Regulatory License |Suspicious Scope of Business |High potential risk |
  • Company Name:
    Altosmarket Holding Limited
  • Country/ Region of Registry:
    Cyprus
  • Abbreviation:
    Altosmarket
  • Official Email:
    --
  • Twitter:
    --
  • Facebook:
    --
  • Customer Service Number:
    --
Altosmarket
Suspicious Clone

Website:https://altosmarket.com/

2-5 years | Suspicious Regulatory License | Suspicious Scope of Business | High potential risk |
  • Company Name: Altosmarket Holding Limited
  • Abbreviation: Altosmarket
  • Country/ Region of Registry: Cyprus
  • Official Email: --
  • X:--
  • Facebook: --
  • Customer Service Number:--

Check whenever you want

Download App for complete information

Easy to check supervision

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com