CySEC warns investors of unlicensed websites offering investment services
The regulator strongly recommends that individuals consult the official CySEC website
The Cyprus Securities and Exchange Commission (CySEC) has issued a stern warning to investors regarding unlicensed websites purporting to offer investment services.
In its latest notice, CySEC clarified that several online platforms claiming to provide investment services or conduct investment activities are not authorized under Article 5 of Law 87(I)/2017.
The commission emphasized that these websites do not belong to any entity that holds the necessary license to operate legally in the financial services sector.
Investor guidance
CySEC has advised investors to exercise caution and conduct due diligence before engaging with any investment firm. The regulator strongly recommends that individuals consult the official CySEC website at www.cysec.gov.cy to verify whether an investment service provider is licensed to operate. This step is crucial in safeguarding investors from potential fraud and unauthorized practices.
CySEC’s public notice provides a detailed list of unlicensed entities the following websites do not belong to an entity which has been granted an authorization for the provision of investment services:
• ma212.com/#/1
• pro-invests.uk
• capitalltraders.com
• tradecenterfx.com & portal.loginzone.io/#/dashboard
• zenis.group & cfd.zenis.group
• cabalwealth.com
• crt-woxi.cc
• ifm247.co
• fidusinvestments.org
• easy-algo.ai
• finactltd.com
• asteoltdgroup.com
• bivaltofx.com & bivaltofx.co
• nutraforyoury.com
• atlas-finance.org.
Implications and future outlook
This latest warning underscores the increasing challenges posed by unregulated digital platforms in the financial services market. As online investment services continue to grow in popularity, CySEC’s proactive measures aim to protect investors from deceptive practices that could lead to significant financial losses.
The regulator's efforts highlight the importance of regulatory oversight in maintaining market integrity and investor confidence.
Also recall, FCA issues warnings against unlicensed brokers.
