简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:CySEC has strongly cautioned investors about more 12 unlicensed websites advertising investment services.
The Cyprus Securities and Exchange Commission (CySEC) has expanded its roster of unauthorized investment firms by adding 12 new entities to its list on Tuesday.
The regulator cautions against accessing the following websites:
fundednowprop.com,
fiat-global.com & platform.fiatfxtrade.com,
buxmapps.com,
actaswiss.com,
trader-trust.eu,
fpmhelenic.com & client.clients-area.com/register,
wallstreet-fx.io,
fidelitycfd.com & wt.fidelitycfd.com,
vstarsoho.net,
alfacapitalmarket.com,
forexelite.co & forexelite.trade/private.
CySEC emphasizes that the aforementioned websites are not affiliated with entities authorized to provide investment services or conduct investment activities under Article 5 of Law 87 (I)/2017.
The Commission strongly advises investors to consult its official website (www.cysec.gov.cy) before engaging with investment firms to ensure they are licensed to provide investment services and activities.
CySEC urges investors to verify the licenses of investment firms through its official website before engaging in any transactions, emphasizing that only entities licensed under Article 5 of Law 87(I)/2017 are authorized to offer investment services in Cyprus.
Consistently, CySEC cautions consumers about the risks associated with unregulated websites falsely claiming to offer investment services, highlighting that engaging with unlicensed entities exposes investors to potential fraud without recourse under Cypriot regulations. CySEC encourages investors to report any suspicious investment activities and provides a comprehensive list of authorized investment firms in Cyprus on its website.
The reasons for avoiding investment services offered by unregulated entities are significant, as these firms operate without the protective measures of regulations meant to safeguard investors, leaving traders vulnerable to fraud or financial losses without avenues for compensation.
Furthermore, an analysis of unregulated offshore brokers reveals a heightened risk of scams, deposit losses, and predatory behavior towards traders and investors, attributed to the lack of accountability standards enforced by regulatory bodies.
Entities lacking CySEC regulation are not legally authorized to provide investment services under Article 5 of Law 87(I)/2017 in Cyprus, as CySEC consistently warns consumers about the fraudulent practices of unlicensed entities posing as trading and investment service providers, jeopardizing trader investments and funds by conducting business illicitly.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
With the rapid growth of the global multi-asset investment market, the disparities in the forex industry across different regions have become increasingly evident. As a forex broker information service platform operating in over 180 countries and regions, WikiFX is committed to helping investors in each region identify reliable brokers. Therefore, WikiFX launched a new series — Close Up with WikiFX, which offers in-depth interviews with local brokers. Leveraging WikiFXs robust big data system and industry insights, the series aims to help investors gain a deeper understanding of high-quality brokers.
Is AMarkets legally licensed? Discover the truth about AMarkets’ regulation, licensing status, and compliance before you start trading with this broker.
There are many brokers that offer too many promotions. Have you ever wondered why they do this? This Could be the story of Markets.com. Before you choose Markets.com, read about the hidden risks they never openly talk about.
An indictment was leveled against two men in the District of Puerto Rico for their alleged involvement in the operation and promotion of OmegaPro, an international investment scheme that has led to financial losses worth over $650 million for investors. Check more about this story