A Visit to AAATRADE in Cyprus – Office Found

Reason for this visit

Established in 2003, the Cyprus Securities and Exchange Commission (CySEC) is a financial services regulatory authority, overseeing financial products including securities, stocks, foreign exchange, etc., and its financial regulation and operations align with the European Unions MiFID financial framework.

Since Cyprus joined the EU in 2004, CySEC has become an integral part of the EUs Markets in Financial Instruments Directive (MiFID) regulations. This means that any company registered in Cyprus can freely bring its business into the entire European market. As a result, Cyprus has invisibly attracted more and more overseas companies to choose to register there. There has been a notable increase in overseas retail forex brokers who are eager to obtain CySEC regulation. Additionally, significant changes have occurred in Cyprus since it adopted the Euro in 2008.

CySEC is now regarded as a reputable regulatory authority, and obtaining a CySEC license gives customers a more positive impression of a company. In brief, obtaining a CySEC license in Cyprus provides clients with a greater sense of security and protection. Furthermore, Cyprus not only has the lowest corporate tax rate among all EU member states but also aims to develop Cyprus stock market into the safest, most reliable, and attractive investment destination. In an attempt to provide investors with a tangible understanding of the current situation of brokers in Cyprus, WikiStock survey team is determined to go to the country for on-site visits to local companies.

On-site visit

In this issue, the survey team went to Limassol, the second largest city of Cyprus, to visit broker AAATRADE as planned according to its regulatory address that 205 Archiepiskopou Makariou III, Victory House, Block B, 1st Floor, CY 3030 Limassol, Cyprus.

The investigators came to 205 Archiepiskopou Makariou III Avenue in Limassol, Cyprus for a visit to the brokers office, and located the Victory House, a commercial building, in an upscale business center. Additionally, there is a large array of entertainment facilities nearby including restaurants and shopping malls, appealing to a steady stream of people.

Upon arrival at the building for further investigation, the survey personnel spotted outdoor and indoor directories as well as mailboxes, which displayed the company name, logo, and floor number of AAATRADE.

The inspection team then walked through the lobby and reached the companys office on the 1st floor, where some staff members were working. According to one of the staff, they were AAATRADE.

Through the on-site investigation, it has been confirmed that the broker has a physical presence at the location.

Conclusion

The survey team went to Limassol, Cyprus to visit broker AAATRADE as scheduled, and found the companys office at its regulatory address. Meanwhile, investors are advised to make a judicious decision following an overall consideration.

Disclaimer

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