Websites associated with names like WeonMarket, Nortenway, PrimusCFD, Bybit, and VTMarkets are unauthorized.
The regulator urges verification on CySEC’s official site before investing.
The Cyprus Securities and Exchange Commission (CySEC)
informs investors that several websites are not linked to any entity authorized
to offer investment services or perform investment activities.
It should be noted that some of these entities may be
fraudulent clones, attempting to impersonate licensed companies by using their
names, logos, addresses, and other details.
CySEC Alerts on Unauthorized Websites
These firms include WeonMarket, along with its associated
site platform.dashboardweonmarket.live; Nortenway and its registration page,
cfd.nortenway.com/register; PrimusCFD and its client portal,
client.primuscfd.net; Axiagroup.co; OctaMarketFX; Apmetrade; Investous.pro;
Varkuti.eu and QuoMarkets.com.
Other sites in the warning list include Efgbtrdpltfrm.com; Profitwave.cc;
MarketsAdvGroup.com; Platform-Oro.com; VTMarkets.com and VTMarkets.net;
Bybit.com; Chiron-Group.limited; and GameChangersWW.com, which is also linked
to Bybit.com and VTMarkets.net.
Deceptive operations by clone firms have no connection to
the legitimate firms they mimic, despite their apparent similarities.
Source: CySEC
Investor Caution Advised
Finance Magnates reached out to several firms on the warning
list. OctaFX responded, clarifying that the website
“octamarketfx.com” is unrelated to their globally licensed operations
and is an impostor using their brand for fraudulent purposes. They emphasized
that their official site is “octafx.com” and assured that steps are
being taken to eliminate the deceptive site.
“‘octamarketfx.com’ website added recently to the warning
list issued by the CySEC has nothing to do with the globally licensed broker
Octa (ex. OctaFX) operating on the market since 2011. ‘octafx.com’ is the main
official website of the company. Moreover, EU residents and citizens aren’t
able to register and be onboarded via octafx.com,” the firm noted in its
statement.
“As for ‘octamarketfx.com’ we consider the entity as an
impostor using our brand for the purpose of profit. There have been numerous
instances where imposters have attempted to deceive people by using our brand
name and/or logo to solicit money, which is ultimately stolen by these
copycats. We passed the case to the relevant team, so we’re aiming to take
action in this regard and eliminate ‘octamarketfx.com’ from public access.”
CySEC urges investors to exercise caution and consult its
website to verify the licensing status of any investment firm before
proceeding.
The Cyprus Securities and Exchange Commission (CySEC)
informs investors that several websites are not linked to any entity authorized
to offer investment services or perform investment activities.
It should be noted that some of these entities may be
fraudulent clones, attempting to impersonate licensed companies by using their
names, logos, addresses, and other details.
CySEC Alerts on Unauthorized Websites
These firms include WeonMarket, along with its associated
site platform.dashboardweonmarket.live; Nortenway and its registration page,
cfd.nortenway.com/register; PrimusCFD and its client portal,
client.primuscfd.net; Axiagroup.co; OctaMarketFX; Apmetrade; Investous.pro;
Varkuti.eu and QuoMarkets.com.
Other sites in the warning list include Efgbtrdpltfrm.com; Profitwave.cc;
MarketsAdvGroup.com; Platform-Oro.com; VTMarkets.com and VTMarkets.net;
Bybit.com; Chiron-Group.limited; and GameChangersWW.com, which is also linked
to Bybit.com and VTMarkets.net.
Deceptive operations by clone firms have no connection to
the legitimate firms they mimic, despite their apparent similarities.
Source: CySEC
Investor Caution Advised
Finance Magnates reached out to several firms on the warning
list. OctaFX responded, clarifying that the website
“octamarketfx.com” is unrelated to their globally licensed operations
and is an impostor using their brand for fraudulent purposes. They emphasized
that their official site is “octafx.com” and assured that steps are
being taken to eliminate the deceptive site.
“‘octamarketfx.com’ website added recently to the warning
list issued by the CySEC has nothing to do with the globally licensed broker
Octa (ex. OctaFX) operating on the market since 2011. ‘octafx.com’ is the main
official website of the company. Moreover, EU residents and citizens aren’t
able to register and be onboarded via octafx.com,” the firm noted in its
statement.
“As for ‘octamarketfx.com’ we consider the entity as an
impostor using our brand for the purpose of profit. There have been numerous
instances where imposters have attempted to deceive people by using our brand
name and/or logo to solicit money, which is ultimately stolen by these
copycats. We passed the case to the relevant team, so we’re aiming to take
action in this regard and eliminate ‘octamarketfx.com’ from public access.”
CySEC urges investors to exercise caution and consult its
website to verify the licensing status of any investment firm before
proceeding.
Tareq is a financial writer with 15 years of experience covering global markets. His work spans technical analysis, forex broker reviews, and market sentiment, with a focus on topics relevant to retail traders. He joined Finance Magnates in 2023.
At Finance Magnates, he serves as News Editor, covering retail forex and CFD brokers, cryptocurrency exchanges, fintech firms, and regulatory developments shaping the trading industry. He holds an Honours degree in Information Technology from Anfell College, London.
Education:
Honours degree Information Technology, Anfell College, London
Robinhood Tests Social Trading in the U.S., Trying Not to Upset Regulators
Finance Magnates Awards 2026 – Nominations Now Open
Finance Magnates Awards 2026 – Nominations Now Open
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
