Reason for this visit

In 2024, the Cypriot forex market exhibited characteristics of “volume growth with structural divergence.” Although official overall trading volume data has not been released, leading brokers remain vibrant. However, the retail market has been significantly impacted by restrictions on bank account openings, with small and medium-sized brokers struggling to secure support from major banks. This has forced them to turn to secondary or tertiary banks, increasing capital security risks. Currently, the Cypriot forex market is undergoing a transformation period marked by “regulatory reshaping—structural adjustment—innovation breakthroughs.” In the short term, banking cooperation challenges and rising compliance costs will squeeze the survival space of small and medium-sized brokers. In the medium to long term, tax advantages, geographic location, and digital transformation will support the industrys shift toward specialization and institutionalization. Leading firms with technological advantages and global reach are poised to emerge as winners, while smaller brokers must seek survival through differentiated services or deep regional market penetration. Overall, Cyprus will remain a key forex trading hub within and outside the EU, but its future position depends on the stability of regulatory policies and the implementation of Fintech strategies. To provide investors with tangible insights into the current state of forex brokers in Cyprus, WikiFX survey team decides to pay on-site visits to local companies.

On-site visit

In this issue, the survey team went to Cyprus to visit forex broker CapitalXtend as planned according to its regulatory address that X Tower, Anoikodomiseos 13a, Agios Athanasios 4104, Limassol, Cyprus.

The seasoned and professional inspection team, committed to safeguarding investor interests, conducted a meticulously planned on-site investigation of the broker CapitalXtend in X Tower at Anoikodomiseos 13a, Limassol.

The investigators conducted a rigorous verification of the registered operational address of broker CapitalXtend in Limassol, Cyprus—X Tower, Anoikodomiseos 13a, Agios Athanasios 4104. Following the provided information, they successfully arrived at the bustling Agios Athanasios district in Limassol, where the X Tower, home to CapitalXtend, stood as a striking modern landmark. Most notably, the entire building is exclusively dedicated to the company, with its highly recognizable logo prominently displayed on the exterior façade, clearly visible even from a distance—a silent testament to the firms brand confidence and substantial strength.

To ensure a thorough visit, the team proceeded inside the building, where professional security personnel maintained orderly access control and registration procedures. The companys signage was well-designed, with its name clearly listed on the lobby directory. CapitalXtend occupies the entire dedicated modern office building, and upon receiving permission, the survey team was allowed to observe the core office areas.

The team noted that the office space was exceptionally spacious and open, free from the constraints of shared workspaces. The design was distinctly contemporary, with abundant greenery creating a fresh, serene, yet dynamic work atmosphere. Beyond standard workstations, the company had thoughtfully designated dedicated break areas and fully equipped pantry spaces, reflecting its emphasis on employee well-being. The overall fit-out was of high quality, with a bright and tidy environment, far from any semblance of being “rudimentary.”

During the visit, the company staff demonstrated strong professionalism and cooperation. They specifically reminded the survey team that in any subsequent video editing, all on-screen content would need to be meticulously blurred to ensure absolute security of operational details and private information. This attention to detail underscored the companys high sensitivity to confidentiality and compliance.

In summary, the company boasts superior internal and external environments, a prominent brand image, standardized management, and well-equipped facilities. Its spacious, green, and professional workspace, coupled with its rigorous approach to information security, strongly validates its identity as a broker with significant strength and formalized operations.

Through the on-site investigation, it is confirmed that the broker maintains a physical presence at the abovementioned address.

Conclusion

The survey team went to Cyprus to visit broker CapitalXtend as scheduled and found the company at its regulatory address. It signifies that the broker has a physical office at the place. Meanwhile, investors are advised to make a well-considered decision following much deliberation.

Disclaimer

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