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WikiFX Visited Forex Broker BWM Exchange in Cyprus

In order to better protect investors' assets during the epidemic, WikiFX continues our on-spot survey to bring you the most reliable reports about global brokers. Recently, upon investors' requests, WikiFX visited the forex broker BWM Exchange in Cyprus.To get more news about WikiFX, you can visit wikifx official website.

  Broker's name: BWM Exchange

  Regulatory address: 88, Agias Fylaxeos, Zavos City Center-4th Floor, PO Box 56943, CY-3311 Limassol, Cyprus.

  BWM Exchange, a brand operated by the investment company Leverate Financial Services Limited, is regulated by the Cyprus Securities and Exchange Commission (CySEC). Headquartered in Cyprus, BWM Exchange provides various trading tools, including foreign exchange and CFDs on stocks, commodities and indices.


  Following the regulatory address and navigation, we arrived at Limassol, the second largest city in Cyprus, and found Zavos City Center in Agias Fylaxeos. Is the office of BWM Exchange here?
  Entering the building, we saw a floor directory at the door with the names of companies on each floor written in detail, but we didn't find BWM Exchange on the signs. In order to further verify whether BWM Exchange's office is here, we checked the 4th floor according to the broker's regulatory address.

  At office 401, we only found a company called Leverate, and the employees there said that although they had heard of BWM Exchange, they were not sure about the company's office address.

  Through the visit, we conclude that the office location of BWM Exchange is inconsistent with the CySEC regulatory address. In addition, according to WikiFX's latest risk warning, the trader is suspected of trading under cloned license, and the score on the WikiFX App is only 1.29. Please be careful about this broker.

  So far, WikiFX App has included profiles of more than 18,000 forex brokers around the world, while integrating broker information query, exposure, news feed and other functions. The App is highly popular among professional investors.

Views: 46

Comment by Frank smith on December 11, 2021 at 8:55am

To find some reliable broker is a big deal actually. I think  you can check whether your broker is a scammer with the help of these trusted online broker reviews https://scambrokersreviews.com/ and be sure that your money is not under risk. Nowadays such companies help people all over the world to avoid risk and scam from brokers. I hope it will make sense to you. Good luck

Comment by Free Stown on December 11, 2021 at 9:08am

It’s not your broker responsibility or interest to teach you how to trade. You can learn by yourself using the Internet and Books.

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