The Cypriot regulator published a new list of warnings today.
Among nine illegal entities was an OANDA TMS clone.
The Cyprus
Securities and Exchange Commission (CySEC) issued a new
warning today (Thursday) against nine unlicensed websites, which are offering retail traders
access to foreign exchange (FX), contracts for difference (CFDs), and
cryptocurrency trading. One of them is a clone of the popular Polish broker
OANDA TMS.
CySEC Warns against OANDA
TMS Clone and Others
Most of the
websites found on CySEC's latest warning list are currently inactive. However,
several of them are still operating and encouraging retail traders to open
accounts, falsely stating that they have the necessary regulations to do so.
On the list
of addresses including nylsinv.com, primusforex.net, tfimarkets24.com,
afexeu.com, protechfx.com, forextimeltd.com, jfdtrade.net, ltdexxovo.com and ico-assets.com,
special attention should be paid to primusforex.net. Its website resembles the
domain of OANDA TMS, a Polish brokerage house providing services to retail
traders.
"The
Cyprus Securities and Exchange Commission ('CySEC') wishes to inform investors
that the following websites do not belong to an entity which has been granted
an authorization for the provision of investment services and/or the
performance of investment activities," the regulator commented in the official
statement.
The
screenshot below shows the Primus Forex website:
Source: Primus Forex
On the
next one, we see the original OANDA TMS website:
Source: OANDA TMS
The above
clearly indicates that, apart from the logo, the website has been entirely
copied. Scrolling through the domain of the unlicensed broker and OANDA TMS
confirms the suspicions that Primus Forex is a typical clone company. Clone uses
the website of another entity popular in the industry, trying to mislead retail
investors and encourage them to open accounts with it.
Fighting Clones and
Unregulated Brokers
This is
another warning issued by CySEC within the last month. In the second half of
May, the regulator warned against the rising impersonation of regulatory
officers and representatives.
It added
eight more illegally operating FX/CFD platforms to its warning list in April.
These included world-trade-center.io, financista.com, swiftpuprime.com,
ocdfinances.net, and ocdfinances.org. The other three are inverbid.net,
inverbid.com, and inverbid.co.
Also in
April, CySEC added Berkshire Hathaway TX, a fraudulent platform offering crypto
services, to its warning list. The name of the fraudulent platform resembles
that of the American billionaire investor Warren Buffett's company.
Just yesterday
(Wednesday), Finance Magnates reported that the UK’s FCA warned against
a clone of another popular trading brand eToro. The day after, its Cypriot
counterpart published a warning about the OANDA TMS clone. However, in eToro's
case, the impersonator did not copy the entire website but used the company's
license number instead.
The Cyprus
Securities and Exchange Commission (CySEC) issued a new
warning today (Thursday) against nine unlicensed websites, which are offering retail traders
access to foreign exchange (FX), contracts for difference (CFDs), and
cryptocurrency trading. One of them is a clone of the popular Polish broker
OANDA TMS.
CySEC Warns against OANDA
TMS Clone and Others
Most of the
websites found on CySEC's latest warning list are currently inactive. However,
several of them are still operating and encouraging retail traders to open
accounts, falsely stating that they have the necessary regulations to do so.
On the list
of addresses including nylsinv.com, primusforex.net, tfimarkets24.com,
afexeu.com, protechfx.com, forextimeltd.com, jfdtrade.net, ltdexxovo.com and ico-assets.com,
special attention should be paid to primusforex.net. Its website resembles the
domain of OANDA TMS, a Polish brokerage house providing services to retail
traders.
"The
Cyprus Securities and Exchange Commission ('CySEC') wishes to inform investors
that the following websites do not belong to an entity which has been granted
an authorization for the provision of investment services and/or the
performance of investment activities," the regulator commented in the official
statement.
The
screenshot below shows the Primus Forex website:
Source: Primus Forex
On the
next one, we see the original OANDA TMS website:
Source: OANDA TMS
The above
clearly indicates that, apart from the logo, the website has been entirely
copied. Scrolling through the domain of the unlicensed broker and OANDA TMS
confirms the suspicions that Primus Forex is a typical clone company. Clone uses
the website of another entity popular in the industry, trying to mislead retail
investors and encourage them to open accounts with it.
Fighting Clones and
Unregulated Brokers
This is
another warning issued by CySEC within the last month. In the second half of
May, the regulator warned against the rising impersonation of regulatory
officers and representatives.
It added
eight more illegally operating FX/CFD platforms to its warning list in April.
These included world-trade-center.io, financista.com, swiftpuprime.com,
ocdfinances.net, and ocdfinances.org. The other three are inverbid.net,
inverbid.com, and inverbid.co.
Also in
April, CySEC added Berkshire Hathaway TX, a fraudulent platform offering crypto
services, to its warning list. The name of the fraudulent platform resembles
that of the American billionaire investor Warren Buffett's company.
Just yesterday
(Wednesday), Finance Magnates reported that the UK’s FCA warned against
a clone of another popular trading brand eToro. The day after, its Cypriot
counterpart published a warning about the OANDA TMS clone. However, in eToro's
case, the impersonator did not copy the entire website but used the company's
license number instead.
Damian Chmiel is a Senior Analyst & Editor at Finance Magnates with more than 15 years of experience in the CFD and online trading industry. Active as both a trader and journalist since 2010, he focuses on broker coverage, fintech innovation, and regulatory developments across Europe, the Middle East, and Asia.
His work includes interviews with C-level leaders at major brokerages and fintech platforms, as well as co-authoring Finance Magnates’ quarterly industry benchmarking reports. Damian’s reporting is data-driven, market-aware, and grounded in direct industry engagement. His analysis and commentary have also been cited by external media outlets, including Investing.com, Binance, The Asset, Stockhead, and Dispatch.
Education:
MA in Finance and Accounting, Cracow University of Economics
IG Group Expects About £300 Million Revenue in Q1 2026
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
