May 10, 2021, | AtoZ Markets -Today, the Cyprus Securities and Exchange Commission (CySEC) warned investors to refrain from negotiating with a six entities that are not regulated by them and that have been raising money.
The Cyprus Securities and Exchange Commission (CySEC) is the independent public supervisory Authority responsible for the supervision of the investment services market, transactions in transferable securities carried out in the Republic of Cyprus and the collective investment and asset management sector. It also supervises the firms offering administrative services which do not fall under the supervision of ICPAC and the Cyprus Bar Association.
The regulator informed the public that the following websites do not belong to companies that have been granted an authorization to provide investment services and/or carry out investment activities, as provided in article 5 of the Law 87 (I) / 2017.
The List of Entities That Was Presented Today
- agfxio
- goldstein-invest.com
- capital-partnersonline.com
- top-epargne.info
- thebestrader.io
- cryptosworld.trade
CySEC has asked traders to consult its website (www.cysec.gov.cy), before doing business with investment firms, in order to determine whether the entities are licensed to provide investment services.
These websites belong to companies that offer investment services in Forex, cryptocurrencies, and CFD trading without having the necessary permission to do, and some of them abusing the license of others names of companies.
Remember that CySEC has been updating its warning list on a regular basis, because as fraudulent currency schemes seem to be quite prevalent.
In March, for example, the Cyprust regulator warned about unlicensed forex brokers OTPFX and AllFxTradings.
If you want to see all Cysec warning list you should go to the following link https://www.cysec.gov.cy/en-GB/public-info/warnings/cysec/
Think we missed something? Let us know in the comment section below.