CySEC issued a warning against unauthorised firms

CySEC, the Cyprus Securities and Exchange Commission, recently issued a warning against unauthorized firms operating within its jurisdiction.

The warning list includes the following entities:

• fundednowprop.com

• fiat-global.com & platform.fiatfxtrade.com

• buxmapps.com

• actaswiss.com

• trader-trust.eu

• fpmhelenic.com & client.clients-area.com/register

• wallstreet-fx.io

• fidelitycfd.com & wt.fidelitycfd.com

• vstarsoho.net

• alfacapitalmarket.com

• forexelite.co & forexelite.trade/private

According to CySEC, these unauthorized firms may not comply with the necessary regulations and standards set to protect investors. The warning emphasized the importance of verifying the legitimacy of any financial firm before conducting any transactions or investments to avoid potential scams or financial losses.

Investors and consumers are advised to always check the CySEC register to ensure that a company is authorized to provide financial services. Failure to do so could result in falling victim to fraudulent schemes or unauthorized activities. CySEC continues to monitor and regulate the financial industry to safeguard the interests of investors and maintain the integrity of the market.

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