WikiFX Visited Binary Option Broker 33option in Cyprus
  • Vote Up0Vote Down venynxvenynx
    Posts: 2,802Member

    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.To get more news about WikiFX, you can visit WikiFX news official website.
      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.
      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.
      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.
      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.

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