CySEC warns against 10 unauthorized investment firms

The Cyprus Securities and Exchange Commission (CySEC) has issued a public warning against 10 unauthorized investment firms that are illegally offering investment services to investors.

List of Unauthorized Websites

According to CySEC, the following websites are not authorized to provide investment services or conduct investment activities in or from Cyprus:

• amazon-forex.com
• novatradecore.com
• vall-fin.com
• daoroyal.com
• capitaldealhub.com/AI_app_es
• digiteamagency.com/second-income/
• seamanfx.com
• newfuturevip.com
• trademarketcup.com
• fxtrade.app
• mexc.com

CySEC clarified that these websites do not belong to entities that have been granted authorization under Article 5 of Law 87 (I)/2017, which governs the provision of investment services and the performance of investment activities in Cyprus.

Investor Protection Reminder

CySEC strongly urges investors to verify the licensing status of any investment firm before engaging in financial transactions. Investors can check whether an entity is authorized through the official CySEC website at www.cysec.gov.cy.

The regulator emphasized that dealing with unauthorized firms can expose investors to significant financial risks, including loss of funds, identity theft, and lack of legal protection.

CySECs Ongoing Efforts to Safeguard Investors

This latest warning underscores CySECs continuous efforts to combat unlicensed financial activities and enhance investor awareness. The Commission routinely publishes warnings against suspicious entities and collaborates with other European and international regulators to monitor cross-border fraudulent activities.

Investors are advised to remain vigilant and to avoid firms that promise unrealistically high returns or request deposits through unconventional payment methods.

Conclusion

CySEC's warning against these 10 unauthorized websites highlights the growing threat of online investment scams targeting unsuspecting traders. Before investing, individuals should always confirm a firm's regulatory status through official sources and stay updated with warnings issued by financial regulators like CySEC.