|

News

    Home   >     Original    >     Main body

    WikiFX Visited Binary Option Broker 33option in Cyprus

    Abstract:Near the end of the year, forex market is still busy as ever, while the illegal forex brokers are taking the opportunity to defraud investors. Forex scams related to exchange rates are difficult to curb despite the regulatory efforts. Upon investors’ request, WikiFX team recently visited the licensed branch of forex broker 33option in Cyprus.
    900-510-英.jpg

      Broker: 33option

      Visited at: 1, Kosta Hadjikakou, Kyriakos Tower, 1st Floor. Agios Athanasios, CY-4107 Limassol, Cyprus

      Conclusion: The broker‘s office doesn’t exist

      On-the-spot investigation

      Near the end of the year, forex market is still busy as ever, while the illegal forex brokers are taking the opportunity to defraud investors. Forex scams related to exchange rates are difficult to curb despite the regulatory efforts. Upon investors request, WikiFX team recently visited the licensed branch of forex broker 33option in Cyprus.

      According to the address from regulatory information, with the assistance of GPS and local passerby, WikiFX finally found Kosta Hadjikakou Street where 33option is located.

    1.jpg
    Kosta Hadjikakou

      We noticed that the street runs through a residential neighborhood without any office building or company. After searching from door to door, we found the place matching 33option‘s regulatory address - a house with the number “1” on the door. However, the door was locked and no one answered when we knocked. The place didn’t seem like a regular company in business, and people living next door also said this was a normal residence and the owner only comes home at night.

    2-1.jpg
    2-2.jpg
    The house on no. 1 Kosta Hadjikakou street

      Through checking WikiFX App, we found that 33option uses non-MT4/5 software and has a low rating of 1.84. The brokers license from CySEC has been canceled and it currently has no valid regulation. Investors should mind the risk and avoid falling victim to it.

    3-英语.jpg

    33options license from CySEC(Cyprus) has been canceled.

      WikiFX reminds investors that binary option brokers will often disguise themselves as online financial and investment service providers to assume “legitimacy”. These binary option brokers are usually registered overseas with overseas servers, while they dont have any actual business location or executable assets within the country. Should the service provider breach the contract, investors will not be able to defend their rights through legal actions against the broker.

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    United States Dollar
    Convertible Amount
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.

    ×

    Select Country/Area