Global Broker governance & inquiry App
Broker Search
English
Download

A Visit to XSpot Wealth in Cyprus - Office Found

Cyprus

New port road, Olziit, Limassol District, Cyprus

A Visit to XSpot Wealth in Cyprus - Office Found
Cyprus

Reason for this visit

Cyprus imprudently purchased Greek government bonds in 2012. When the Greek government bond management defaulted, the Cyprus banking system suffered heavy losses exceeding 30% of the annual GDP of Cyprus, and the country's domestic debt crisis occurred. In response to the crisis, the Cyprus government introduced a terrible solution that was opposed by all the people, which aggravated the crisis. At the same time, some people in Cyprus discovered that having an upward trend in price, various foreign currencies that were independent of the sovereign currency might be able to cope with this crisis. As a result, people poured funds into the small foreign exchange market in an attempt to hedge and protect themselves. For various reasons, Cyprus has gradually become a country with active foreign exchange transactions. In order to help investors better understand the current situation of foreign exchange brokers in Cyprus, WikiFX survey team is going to the country for on-site visits to local companies.

On-site visit

In this issue, the survey team went to the second largest city Limassol in Cyprus to visit forex broker XSpot Wealth as planned according to its regulatory address that Spyrou Kyprianou, 61 SK House, Ground Floor, Mesa Geitonia, Limassol 4003, Cyprus.

On July 27, 2023, the investigators came to 61 SK House at Spyrou Kyprianou in Limassol, Cyprus, and located a 5-storey office building beside the street near a residential district. The company name and logo of “XSpot Wealth” could be seen in the front of the building from a distance.

1.jpg

After arriving at the block, the survey personnel actually spotted XSpot Wealth on the ground floor. And there was a company signage at the entrance of its office. Through the glass window, the investigation team could also find the reception area of the company. However, people werent allowed to access the office due to stringent security reasons.

Through an on-site investigation, it is confirmed that XSpot Wealth truly has a physical business office at the place.

2.jpg

Conclusion

The survey team went to Limassol, Cyprus to visit forex broker XSpot Wealth as scheduled, and found the company at its regulatory address. This suggests that the broker does have a physical business office at the location. Meanwhile, investors are advised to make an informed decision following a comprehensive consideration.

Disclaimer

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

Broker Information

Regulated
XSpot Wealth

Website:https://xspotwealth.com/en/

5-10 years |Regulated in Cyprus |Straight Through Processing(STP) |MT4/5 full license |Regional Brokers |United Kingdom European Authorized Representative (EEA) Revoked |High potential risk |
  • Company Name:
    XSpot Wealth (EU) Ltd
  • Country/region of Registry:
    Cyprus
  • Company Abbreviation:
    XSpot Wealth
  • Official Email:
    support@xspotwealth.com
  • Twitter:
    https://twitter.com/XSpotWealth
  • Facebook:
    https://www.facebook.com/XSpotWealth/
  • Customer Service Number:
    0035725571044
XSpot Wealth
Regulated

Website:https://xspotwealth.com/en/

5-10 years | Regulated in Cyprus | Straight Through Processing(STP) | MT4/5 full license | Regional Brokers | United Kingdom European Authorized Representative (EEA) Revoked | High potential risk |
  • Company Name: XSpot Wealth (EU) Ltd
  • Company Abbreviation: XSpot Wealth
  • Country/region of Registry: Cyprus
  • Official Email: support@xspotwealth.com
  • Twitter:https://twitter.com/XSpotWealth
  • Facebook: https://www.facebook.com/XSpotWealth/
  • Customer Service Number:0035725571044

Check whenever you want

Download App for complete information

Easy to check supervision

Select Country/District
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;+44-7517747077
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com