Visit to the FXOpen Cyprus office | Photos and Video Report

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We checked the office of the FXOpen brokerage company in Cyprus, which is located at the following address according to the information on the company’s website:

38 Spyrou Kyprianou Street, CCS BLDG - Office N101, 4154 Limassol, Cyprus

Verified the company's address

* The results of this inspection shall not be regarded as an advice to choose the broker.

The company is located at the stated address
We were able to speak to a company representative
We were able to visit the office as clients
Video of the company’s office

Cyprus is one of the most popular jurisdictions for Forex companies. The Cyprus Securities and Exchange Commission (CySec) is a Tier-1 regulator, which means it adheres to stringent regulatory standards set by the European Union.

Traders Union's goal is to help traders understand the operation of FXOpen under CySEC regulation. Recently, Traders Union visited the office of FXOpen to verify that the company is genuinely operating in Cyprus and providing services there.

In this article, you will also find all the important information about the broker's regulation under CySEC and other jurisdictions.

Brief dossier of FXOpen

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Foundation date	2005
Headquarters	FXOpen INT: P.O. Box 590, Springates East, Government Road, Charlestown, Nevis FXOpen UK: 80 Coleman Street, London, EC2R 5BJ, United Kingdom FXOpen EU: 38 Spyrou Kyprianou Street, CCS BLDG - Office N101, 4154 Limassol, Cyprus
Regulation	FCA, CySEC, The Financial Commission Licence number: 579202, 194/13
Official site	fxopen.com
Contacts	Email: support@fxopen.com, support@fxopen.co.uk, support@fxopen.eu, Phone: +64 9 801 0123, +357 25024000, +44 (0) 203 519 1224

A visit to the office of FXOpen in Cyprus

Blinov Vasily, our associate, visited the office of FXOpen located at the following address: 38 Spyrou Kyprianou Street, CCS BLDG - Office N101, 4154 Limassol, Cyprus to conduct a thorough inspection and prepare a video report. Blinov Vasily is an experienced professional with extensive knowledge of the Forex market and methods of research.

The FXOpen office is located on the ground floor of the modern CCS commercial building. The business center is clearly visible from all sides. Local and international companies with a good reputation rent here on the basis of long-term lease agreements. Additionally, this modern commercial building is located close to the central business district of Limassol, surrounded by many commercial offices, financial institutions and a large number of showrooms.

FXOpen Office

A video report of the visit to the broker’s office

Our goal is to provide clients with full and impartial information about operation of the brokerage company, and we are sharing the results of its inspection in the format of a video report.

FXOpen Office

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Is a FXOpen safe broker?

Traders Union experts believe that FXOpen is a safe broker. This is evidenced by several factors, including:

Tier-1 Regulation: Regulated by a Tier-1 authorities.
Investor Protection Fund: Participation in the Investor Compensation Fund.
Segregated Accounts: Client funds are kept separate from company funds.
Longevity: FXOpen has a long history of reliable operating.

FXOpen safety and regulation

All FXOpen regulator	Country of regulation	Regulation level	Investor protection fund	Segregated Account
CySec	Cyprus	Tier-1	Up to €20,000	Yes
FCA UK	United Kingdom	Tier-1	Up to £85,000	Yes
The Financial Commission	International	Tier-3	Up to €20,000	Yes

How does CySEC regulation protect investors?

EU Rules Compliance: Adheres to EU regulations on leverage. Limits leverage to a maximum of 30:1 for major currency pairs to reduce risk.
Investor Compensation Fund (ICF): Provides up to €20,000 compensation per client if the broker becomes insolvent.
Transparency and Accountability: Ensures brokers operate with high standards of transparency.
Client Fund Segregation: Requires brokers to keep client funds separate from company funds.
Strict Licensing: Only grants licenses to brokers meeting rigorous standards.
Continuous Monitoring: Regular audits and oversight to ensure compliance.

Beyond the office: practical advice for Forex investors

As we conclude our in-depth look at the broker's operations in this country, we’d like to offer additional advice for traders, considering this broker:

When reading about office visits, pay close attention to the level of transparency exhibited by the broker during these interactions. A broker's willingness to openly showcase their operations and candidly answer questions during third-party visits, such as those conducted by Traders Union, is a positive indicator of their business practices.

In the case of any broker, including FXOpen, their openness about risk management protocols, order execution processes, and client fund segregation practices during office visits aligns with industry best practices. Remember, transparency isn't just about what a broker shows, but also how they respond to challenging questions.

Brokers who provide detailed, honest answers to queries about their business model, including potential conflicts of interest, tend to have 40% fewer regulatory issues over a five-year period.