Financial and Business News

CySEC Fines Wonderinterest €100K, Operator of CFD Brokers Zetano and Investago

Wednesday, 17/12/2025 | 16:53 GMT by Tareq Sikder
  • The largest part of the fine, €50K, was imposed over “inadequate policies and unspecified target markets.”
  • The regulator recently added 21 unauthorized websites, some of which mimic brokers.
CySEC logo

The Cyprus Securities and Exchange Commission has fined Wonderinterest Trading Ltd €100,000 after identifying multiple breaches of investment services rules. The regulator said the violations occurred between 2022 and 2024 and related to the “firm’s conduct” as a Cyprus Investment Firm.

Wonderinterest Trading Ltd provides CFD trading services under its own Cyprus Investment Firm licence and through related brand names. The company offers CFDs on forex, shares, commodities, and indices, alongside physical shares. Its operations also include brands such as Zetano and Investago, which provide trading and execution services under the same regulatory framework.

CySEC Fines Wonderinterest Over Authorisation Failures

According to CySEC, the fine followed a review of the company’s compliance with the Investment Services and Activities and Regulated Markets Law. The regulator said the review identified failures connected to authorisation conditions, the treatment of clients, and marketing practices.

The largest part of the fine, €50,000, related to breaches of authorisation requirements. CySEC said the company “did not establish adequate policies and procedures” and “did not specify an identified target-market of end clients for each financial instrument.” It also said the firm failed to ensure that “all relevant risks to such identified target-market were assessed.”

Marketing And Conduct Breaches Cost The Firm

CySEC imposed a further €30,000 fine after concluding that the company “did not act honestly, fairly and professionally” when providing investment services to clients. An additional €20,000 penalty concerned marketing and client information. In this area, the regulator said the information provided was not “fair, clear and not misleading.”

In setting the total penalty, CySEC said it considered the importance of effective internal controls and the need to protect investors. The regulator added that client protection depends on providing information that allows informed decision-making and on distributing financial instruments to an appropriate target market following proper risk assessment.

Finance Magnates reached out to Wonderinterest for comment. As of publication, no response has been received.

Regulator Flags Potential Broker Clone Sites

Separately, CySEC added 21 websites to its list of unauthorized platforms offering investment services. Some domains appear to mimic regulated brokers. The regulator said these sites do not hold licenses required under Cypriot law and advised investors to verify licenses via its public register.

It also warned against fraudulent emails claiming to represent the commission and emphasized it does not request or accept payments from individuals.

The Cyprus Securities and Exchange Commission has fined Wonderinterest Trading Ltd €100,000 after identifying multiple breaches of investment services rules. The regulator said the violations occurred between 2022 and 2024 and related to the “firm’s conduct” as a Cyprus Investment Firm.

Wonderinterest Trading Ltd provides CFD trading services under its own Cyprus Investment Firm licence and through related brand names. The company offers CFDs on forex, shares, commodities, and indices, alongside physical shares. Its operations also include brands such as Zetano and Investago, which provide trading and execution services under the same regulatory framework.

CySEC Fines Wonderinterest Over Authorisation Failures

According to CySEC, the fine followed a review of the company’s compliance with the Investment Services and Activities and Regulated Markets Law. The regulator said the review identified failures connected to authorisation conditions, the treatment of clients, and marketing practices.

The largest part of the fine, €50,000, related to breaches of authorisation requirements. CySEC said the company “did not establish adequate policies and procedures” and “did not specify an identified target-market of end clients for each financial instrument.” It also said the firm failed to ensure that “all relevant risks to such identified target-market were assessed.”

Marketing And Conduct Breaches Cost The Firm

CySEC imposed a further €30,000 fine after concluding that the company “did not act honestly, fairly and professionally” when providing investment services to clients. An additional €20,000 penalty concerned marketing and client information. In this area, the regulator said the information provided was not “fair, clear and not misleading.”

In setting the total penalty, CySEC said it considered the importance of effective internal controls and the need to protect investors. The regulator added that client protection depends on providing information that allows informed decision-making and on distributing financial instruments to an appropriate target market following proper risk assessment.

Finance Magnates reached out to Wonderinterest for comment. As of publication, no response has been received.

Regulator Flags Potential Broker Clone Sites

Separately, CySEC added 21 websites to its list of unauthorized platforms offering investment services. Some domains appear to mimic regulated brokers. The regulator said these sites do not hold licenses required under Cypriot law and advised investors to verify licenses via its public register.

It also warned against fraudulent emails claiming to represent the commission and emphasized it does not request or accept payments from individuals.

Topics
retail
cysec
cif
retail FX
retail brokers
About the Author: Tareq Sikder
Tareq Sikder
  • 2017 Articles
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A Forex technical analyst and writer who has been engaged in financial writing for 12 years.

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