Reason for this visit

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

Regulatory Information

According to the regulatory information, the broker SKANESTAS has the MM license issued by CySEC and located at 226, Arch. Makariou III, 3030 Limassol.The survey team thus decided to have an on-site visit to this regulatory address for comfirmation.

On-site visit

The survey team followed the address from the regulatory information and arrived at an office building at 226, Arch. Makariou III, Limassol. It looks very modern and eye-catching in appearance.

At the entrance of building, the team saw the logo of SKANESTAS. However, they were unable to enter the building because of access control.

Conclusion

It is confirmed after the survey team’s site visit that SKANESTAS’s office indeed is located at the regulatory address. Unfortunately, the team was unable to enter the broker's office so that the office scale and operation condition of which remained unknown. 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.