Abstract:CySEC (Cyprus Securities and Exchange Commission) issued a warning today about five unlicensed investment businesses.
CySEC (Cyprus Securities and Exchange Commission) issued a warning today about five unlicensed investment businesses.
The following entities are mentioned in the warning:
cidmacorp.com
radixoptionfx.live
brokercreditserviceltd.net
hycmbot.com
stockvalo.com
Recently, CySEC just added 6 unlicensed or unregulated brokers.
octatradings-llc.com
icmarkets.one
ftxindex.com
360cointrade.com
forexiqoptions.co.uk
bitcointradepro.com
CySEC added these unlicensed brokers to its warning list in June.
acmarketsfx.co - https://www.wikifx.com/en/dealer/2241796035.html
agmmarkets.net - https://www.wikifx.com/en/dealer/7941238240.html
easycapitaltrade.com - https://www.wikifx.com/en/dealer/1309119488.html
smarttradesfx.online - https://www.wikifx.com/en/dealer/3339496547.html
cloudminingfx.net - https://www.wikifx.com/en/dealer/3402025712.html
trust-capital.ltd - https://www.wikifx.com/en/dealer/1292249699.html
winicoin.com - https://www.wikifx.com/en/dealer/3355389952.html
fxviewinvestment.com - https://www.wikifx.com/en/dealer/3040593362.html
marketsocta.com - https://www.wikifx.com/en/dealer/3123036943.html
colmex24.net - https://www.wikifx.com/en/dealer/3131668392.html
tradingmasterclass77.com - https://www.wikifx.com/en/dealer/5132446362.html
The regulator observes that the websites listed above do not belong to a company that has been permitted the supply investment services and/or conduct investment activities, as specified in Article 5 of Law 87 (I)/2017.
Before doing business with investment companies, investors should examine CySEC's website (www.cysec.gov.cy) to determine whether businesses are licensed to offer investment services and/or investment activities.
The Commission has been updating the list of unlicensed entities on a regular basis. For example, in August, the regulator issued a warning about six unlawful brokerages.
CySEC issued a warning earlier in 2022 about persons impersonating its officials. The regulator has been told that individuals impersonating CySEC officers or representatives are recruiting investors for money in return for the settlement of false compensation claims relating to enterprises supervised by CySEC.
About CySEC
The Cyprus Securities and Exchange Commission (CySEC) was constituted as a public legal body in line with Section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001. It is an independent public supervisory institution in charge of overseeing the investment services market, transferable securities transactions in the Republic of Cyprus, and the collective investment and asset management industry. It also oversees businesses that provide administrative services but are not regulated by ICPAC or the Cyprus Bar Association.
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