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.
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📣 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:
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▶️ YouTube: /@financemagnates_official
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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
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- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
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#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
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- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
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#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
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⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
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We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
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We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
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Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
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📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
