CySEC Publishes Warning List of Over 100 Brokerages

One of the leading regulators for the European retail Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFDs trading industry, the Cyprus Securities and Exchange Commission (CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term) today published a statement warning investors and the public about a number of websites currently in operation and offering their services to the public. Although many of these firms may be regulated by other global jurisdictions, they are not owned or operated by Cyprus Investment Firms (CIFs) and are thus not authorised by CySEC to provide investment services.

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The list of brokerages that appear in today’s statement are as follows:

app.qbitsmegaprofit.co

autotradingbinary.com

binaryswiss.com

bitransax.com

bloombex-options.com

fmtrader.com

ftradition.com

go24invest.com

goptions.com

hfx.com

investcapitalrnarket.com

investrader.net

newtradefx.com

otmfx.com

rbinary.com

sbotrading.com

sunbirdfx.com

thetrueoption.com

tradel2.com

unitedoptions.com

www.10markets.com

www.500option.com

www.55profit.com

www.aaafx.com*

www.aaoption.com

www.admiralmarkets.com*

www.afghanbawar.org.af

www.albatrosgt.com

www.algobanque.com

www.alliance-options.com

www.b4binary.com

www.banco-capital.com

www.beeoptions.com

www.bforex.com

www.bigoption.com

www.binaring.com

www.binary8.com

www.binarybrokerz.com

www.binaryfn.com

www.binaryroom365.com

www.binary-slot.com

www.binaryuno.com

www.bmpoption.com

www.brokerofficial.com

www.brokeroption.com/it/

www.bsdoption.com

www.cfd1000.com

www.citrades.com

www.cyprusinvestmentlIc.com

www.daily-trades.com

www.eclipse-finance.com

www.edgedalefinance.com

www.empireoption.com

www.evrolife-association.com

www.exbino.com

www.finpari.com

www.ftrade.com

www.fx-inter.com

www.g4trader.com

www.goldenratioassetmanagement.com

www.gotooption.com

www.gtoptions.com

www.hedefonline.com

www.highoption.com

www.imperialoptions.com

www.insideoption.com

www.ivoryoption.com

www.ksftrade.com

www.lbinary.com

www.lottmarket.com

www.marketsdl.com

www.marketsrally.com

www.maxoptions.com

www.mrtmarkets.com

www.netotrade.com

www.nextoption.com

www.noloptions.com

www.noafx.com

www.onetwotrade.com

www.option500.com

www.optionbit.com

www.optionstarsglobal.com

www.optionsxo.com

www.pacificoption.com

www.plusfinancials.com

www.plusoption.com

www.plustocks.com

www.porterfinance.com

www.primebrokerz.com

www.pwrtrade.com

www.rtgtrading.com

www.safekfficcom

www.safe-option.com

www.scala.trade

www.SecuredOptions.com

www.swissfxpro.com

www.tadawulinvestments.com

www.thetrueoption.com

www.titantrade.com

www.touchtrades.com

www.Tradersking.com

www.tradingbanks.com

www.tradorax.com

www.ubinary.com

www.ukoptions.com

www.utrader.com

www.vipoptions.com

www.whaleoptions.com

www.wikioption.com

www.winoptions247.com

www.yesfx.com.cy*

www.zulutrade.com*

zenithoptions.net

Background

CySEC is the independent public supervisory authority responsible for the supervision of the investment services market and transactions in transferable securities carried out in Cyprus. Its mission is to exercise effective supervision to ensure investor protection and the healthy development of the securities market.

The watchdog has reiterated that investors should be duly cautious and consult its website to confirm that a given institution is authorised to provide investment services in or from Cyprus prior to conducting business with it.

* Updated: Removed from the list on 17 January 2017. See CySEC amendment here.