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's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Financial Commission Approves Monstrade Giving Clients Mediation and €20K Coverage
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
