Reason for this visit

To help investors have good knowledge of regulated brokers in Cyprus, the survey team this time visited ACURAFX, a broker based in Limassol, Cyprus.

Regulatory Information

According to the regulatory information, the broker ACURAFX has the MM license issued by CySEC and located at Omonoias, 141, The Maritime Centre, Block B, 1st floor, 3045, Limassol, Cyprus. 

In addition, IC Markets also holds the MM license issued by ASIC and the retail Forex licence  issued by the Seychelles Financial Services Authority (FSA) .

On-site visit

The survey team followed the address on the regulatory information to an office building located at Omonoias, 141, Limassol, Cyprus. The building named "The Maritime Centre" is adjacent to the new marina. Looking around, it looks high-end with nice environment. On the signboard outside the office building, the team didn’t find the logo of ACURAFX but saw the one of broker IC Markets. Later, the team came to the lobby of building where there was no logo of ACURAFX either. 

To further verify whether ACURAFX works here, the team walked out of the building. From the billboards around the building, they saw the logo of IC markets but no logo of ACURAFX.    

Conclusion

The survey team confirmed after the on-the-spot visit that there is no office of ACURAFX at the address mentioned in the regulatory information. Of course, there is also a possibility that the broker ACURAFX and IC Markets refer to the same company. However, this surmise could not be confirmed because the team were unable to enter the building.Thorough consideration is suggested for making any choice. 

Disclaimer

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