Introduction

In the retail foreign exchange market, there is a very large number of FX traders in Cyprus, so it is only common that there are both regulated platforms and fraud platforms there. In order to help investors know better about the traders in this country, this time the inspection team went to visit Vita Markets in Limassol, Cyprus.

Regulatory Information

Type of Licenses: CySEC authorized STP License with regulatory address at: Pindarou 14, 3095 LiMassol, Cyprus.

Inspection Process

The inspection team followed the regulatory address and arrived at the avenue Pindarou in Limassol, Cyprus. 

The office of Vita Markets is at Pindarou 14 according to regulatory information, but there the inspection team found only a flat-layer homelike house. Except a doorplate, there is no other sign at the entrance. The yard is empty, no parking. It seems that no one works in it.

Conclusion

The team’s site visit confirms that there is no office of Vita Markets at the regulatory address, which means that the regulatory address is not true. This session of Field Survey is presented as above. 

Disclaimer

The information above is for reference only.