CySEC Issues Warnings Against Six Unregulated Firms - BrokersView

CySEC Issues Warnings Against Six Unregulated Firms

Oct 22, 2021
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The Cyprus Securities and Exchange Commission (CySEC) issued a warning about six unregulated financial firms, including those that offer forex trading services without a license.

The following websites do not belong to a firm that has been granted a license to offer investment services and/or conduct investment operations under Article 5 of Law 87 (I)/2017:

  • capitalmarketcorp.com

  • admiralecn.net

  • thegoldcapitals.com

  • alphacapitaltrade.com

  • magnasale.org

  • brocprime.net

Before doing business with investment companies, investors are urged to check CySEC's website (www.cysec.gov.cy) to see whether businesses are licensed to provide investment services and/or investment activities.

Recently, CySEC has suspended the authorisation of the Cyprus Investment Firm Maxiflex Ltd, number 258/14, pursuant to section 10(1) of Directive DI87-05 for The Withdrawal and Suspension of Authorisation (DI87-05).