CySEC Issues Update to Earlier Warning on Unauthorised Brokerages

The Cypriot regulator has excluded four brokerages that were inadvertently included in its original announcement.

The Cyprus Securities and Exchange Commission (CySEC), one of the leading regulators for the European retail forex and CFDs trading industry, today updated a warning which was published on 13th December 2016 and features over 100 unauthorised websites currently in operation and offering their services to the public without being owned or operated by Cyprus Investment Firms (CIFs) and therefore not authorised by CySEC to provide investment services.

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In today’s update CySEC informed investors that the following 4 domains were inadvertently included in the annex of the original announcement and have now been removed: www.aaafx.com, www.zulutrade.com, www.admiralmarkets.com and www.yesfx.com.cy 

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CySEC has once again reminded investors to be duly cautious and to consult its website in order to check the lists of approved and unapproved investment firms domains prior to conducting any business with them.

As an independent public supervisory authority responsible for the supervision of the investment services market and transactions in transferable securities carried out in Cyprus, CySEC’s mission is to exercise effective supervision to ensure investor protection and the healthy development of the securities market.

Regular advisories and updates such as today’s announcement serve to shield the public from the hands of unscrupulous outfits.

 

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