The Cyprus Securities and Exchange Commission (CSE) today issued a warning against a number of companies that provide investment services without having the necessary license.
The list of warnings includes the following entities:
- fundednowprop.com
- fiat-global.com & platform.fiatfxtrade.com
- buxmapps.com
- actaswiss.com
- trader-trust.eu
- fpmhellenic.com & client.clients-area.com/register
- wallstreet-fx.io
- fidelitycfd.com & wt.fidelitycfd.com
- vstarsoho.net
- alfacapitalmarket.com
- forexelite.co & forexelite.trade/private
The regulatory authority notes that the aforementioned websites do not belong to an entity that has been granted a license to provide investment services and/or carry out investment activities, as provided for in Article 5 of Law 87 (I)/2017.
Cysec urges investors to consult its website (www.cysec.gov.cy), before dealing with investment firms, in order to identify the entities licensed to provide investment services and/or investment activities.
Last month, CySEC significantly expanded its list of warnings. Let’s note that some of the entries on the warning list are so-called “clones”, which, as a rule, abuse the data of authorized companies. In fact, clone companies have nothing to do with authorized companies.