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:

Use these visit reports as a starting point, but conduct your own research too. Cross-reference the information about FXOpen with other sources to get a comprehensive view of the broker. According to a survey by the Forex Trading Association, traders who spent at least 2 hours researching their broker before opening an account reported 30% higher satisfaction rates than those who didn't. When evaluating FXOpen, consider checking their regulatory status with multiple authorities - brokers regulated in multiple jurisdictions tend to have 25% fewer customer complaints compared to those regulated in only one jurisdiction.

Don't hesitate to reach out to FXOpen customer service with specific questions - a quick response time can be telling. Remember, while FXOpen office visit report provides valuable insights, combining this information with your own research will give you a more accurate picture of their services and reliability.