Purpose

The Cyprus forex market has developed into a relatively influential forex market in recent years. With its relatively relaxed financial policies and favorable geographical location, it has attracted numerous forex brokers to operate here. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, an on-site inspection team conducted field visits in Cyprus.

Process

The on-site inspection team visited the forex broker MyBitcoin HEX in Cyprus as planned. According to public information, their office address is Spyrou Kyprianou 55, Larnaca 6051.

A professional and experienced on-site inspection team, driven by a mission to rigorously vet for investors, meticulously planned and traveled to the target area in Cyprus to conduct an on-site verification of the trader MyBitcoin HEX claiming to be located at Spyrou Kyprianou 55, Larnaca 6051.

The inspection personnel successfully arrived at the target address area. However, no company signage or any relevant information was found on the exterior of the building, making it difficult to assess the commercial environment surrounding the location.

The inspection personnel entered the first floor of the building, stated their purpose to the security or staff, and obtained entry permission. However, inside the building, they could not find the company's nameplate.

Since there was no directory board for this company, the field investigator couldn't reach the target floor to verify the office area situation of MyBitcoin HEX. Moreover, as no evidence of the company's existence was found at all, they couldn't enter the premises, take photos of the reception area or its logo, nor was there any shared office space scenario.

Through the building's public areas, no clues pointing to the company were observed, making it impossible to assess the internal environment. The overall situation does not align with its claimed business operations at this address.

Therefore, after on-site verification, it has been confirmed that the broker MyBitcoin HEX does not exist at the aforementioned address.

Conclusion

The inspection personnel visited the forex broker MyBitcoin HEX in Cyprus as planned. At its publicly displayed business address, no information such as the company name of the broker could be found, indicating that the broker does not have a genuine business premises. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

The above content and views are for reference only and should not be considered as the final basis for selection.