The regulator has urged investors to check its website for licensed firms.
Among the flagged firms are apexfinancialtrading.com and bullmarketsllc.com, among others.
The Cyprus Securities and Exchange Commission
(CySEC) has warned investors regarding several websites that are not authorized
to provide investment services or perform investment activities under its
regulations.
These platforms include apexfinancialtrading.com,
bullmarketsllc.com, tcmglobals.com, opticaltradings.com, arkiseguro.com,
front-service24.site, miningcity.com, nemtlex.online, evalonassets.com, and
expertminingcryptocurrency.com. The regulator has advised investors to exercise
caution and refrain from engaging with these entities.
CySEC Identifies Regulatory Breaches
CySEC flagged apexfinancialtrading.com and
bullmarketsllc.com, which claim to offer investment services without the
necessary regulatory approval.
Additionally, CySEC warned against tcmglobals.com
and portal.tcmglobals.com/signup, opticaltradings.com, arkiseguro.com,
front-service24.site, miningcity.com, nemtlex.online, evalonassets.com, and
expertminingcryptocurrency.com, emphasizing that they lack the required
authorization to conduct investment activities.
Last year, CySECidentified 12 websites that do not
hold the necessary licenses to provide investment services in Cyprus. These
platforms range from FX/CFD brokers to cryptocurrency companies. The regulator
urged investors to exercise caution and verify the legitimacy of investment
firms before conducting any transactions.
Risks of Dealing with Unregulated Firms
CySEC explained that trading with unregulated
entities exposes investors to various risks, including mishandling funds and
potential bankruptcy without compensation. Without proper oversight, traders
are vulnerable to fraudulent activities and financial losses, the financial watchdog explained.
Last year, CySEC announced a significant move
towards strengthening regulatory oversight within the financial sector. The
regulator advertised a tender valued at β¬240,000, seeking experts to identify
potential regulatory violations among Cypriot Investment Firms (CIFs).
The tender, titled "Provision of services by
two experts to conduct investigations regarding potential violations of the
current legislation by CIFs", underscored CySEC's commitment to comprehensive
oversight.
Meanwhile, CySEC recently withdrew Brokereo's
membership from the Investors Compensation Fund (ICF) following the revocation
of its CIF license. Finance Magnates reported that the company voluntarily
renounced its license at the end of the previous year.
CySEC confirmed the removal of Neo Premium
Investments Ltd., which operated the retail trading brand Brokereo, from
the ICF membership. This decision aligned with CySEC's earlier move to revoke
Brokereo's CIF license.
The Cyprus Securities and Exchange Commission
(CySEC) has warned investors regarding several websites that are not authorized
to provide investment services or perform investment activities under its
regulations.
These platforms include apexfinancialtrading.com,
bullmarketsllc.com, tcmglobals.com, opticaltradings.com, arkiseguro.com,
front-service24.site, miningcity.com, nemtlex.online, evalonassets.com, and
expertminingcryptocurrency.com. The regulator has advised investors to exercise
caution and refrain from engaging with these entities.
CySEC Identifies Regulatory Breaches
CySEC flagged apexfinancialtrading.com and
bullmarketsllc.com, which claim to offer investment services without the
necessary regulatory approval.
Additionally, CySEC warned against tcmglobals.com
and portal.tcmglobals.com/signup, opticaltradings.com, arkiseguro.com,
front-service24.site, miningcity.com, nemtlex.online, evalonassets.com, and
expertminingcryptocurrency.com, emphasizing that they lack the required
authorization to conduct investment activities.
Last year, CySECidentified 12 websites that do not
hold the necessary licenses to provide investment services in Cyprus. These
platforms range from FX/CFD brokers to cryptocurrency companies. The regulator
urged investors to exercise caution and verify the legitimacy of investment
firms before conducting any transactions.
Risks of Dealing with Unregulated Firms
CySEC explained that trading with unregulated
entities exposes investors to various risks, including mishandling funds and
potential bankruptcy without compensation. Without proper oversight, traders
are vulnerable to fraudulent activities and financial losses, the financial watchdog explained.
Last year, CySEC announced a significant move
towards strengthening regulatory oversight within the financial sector. The
regulator advertised a tender valued at β¬240,000, seeking experts to identify
potential regulatory violations among Cypriot Investment Firms (CIFs).
The tender, titled "Provision of services by
two experts to conduct investigations regarding potential violations of the
current legislation by CIFs", underscored CySEC's commitment to comprehensive
oversight.
Meanwhile, CySEC recently withdrew Brokereo's
membership from the Investors Compensation Fund (ICF) following the revocation
of its CIF license. Finance Magnates reported that the company voluntarily
renounced its license at the end of the previous year.
CySEC confirmed the removal of Neo Premium
Investments Ltd., which operated the retail trading brand Brokereo, from
the ICF membership. This decision aligned with CySEC's earlier move to revoke
Brokereo's CIF license.
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
π LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
π Facebook: https://www.facebook.com/FinanceMagnatesEvents
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π¦ Twitter: https://twitter.com/F_M_events
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βΆοΈ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
π LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
π Facebook: https://www.facebook.com/FinanceMagnatesEvents
πΈ Instagram: https://www.instagram.com/fmevents_official
π¦ Twitter: https://twitter.com/F_M_events
π₯ TikTok: https://www.tiktok.com/@fmevents_official
βΆοΈ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
π LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
π Facebook: https://www.facebook.com/FinanceMagnatesEvents
πΈ Instagram: https://www.instagram.com/fmevents_official
π¦ Twitter: https://twitter.com/F_M_events
π₯ TikTok: https://www.tiktok.com/@fmevents_official
βΆοΈ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
π LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
π Facebook: https://www.facebook.com/FinanceMagnatesEvents
πΈ Instagram: https://www.instagram.com/fmevents_official
π¦ Twitter: https://twitter.com/F_M_events
π₯ TikTok: https://www.tiktok.com/@fmevents_official
βΆοΈ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
π£ Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
π LinkedIn: https://www.linkedin.com/company/financemagnates/
π Facebook: https://www.facebook.com/financemagnates/
πΈ Instagram: https://www.instagram.com/financemagnates_official
π¦ X (Twitter): https://twitter.com/financemagnates/
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βΆοΈ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
π Subscribe to our YouTube channel for more!π
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
π£ Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
π LinkedIn: https://www.linkedin.com/company/financemagnates/
π Facebook: https://www.facebook.com/financemagnates/
πΈ Instagram: https://www.instagram.com/financemagnates_official
π¦ X (Twitter): https://twitter.com/financemagnates/
π‘ RSS Feed: https://www.financemagnates.com/feed/
βΆοΈ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
π Subscribe to our YouTube channel for more!π
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa