CySEC Publishes Warning List of Over 100 Brokerages
Cyprus’s watchdog has urged investors not to trade with the following list of unauthorised forex and binary options brokers.
Finance Magnates Staff
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Regulation
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Retail FX )
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2016-12-14T08:21:28+00:00
2017-01-24T13:49:48+00:00
One of the leading regulators for the European retail forex and CFDs trading industry, the Cyprus Securities and Exchange Commission (CySEC) today published a statement warning investors and the public about a number of websites currently in operation and offering their services to the public. Although many of these firms may be regulated by other global jurisdictions, they are not owned or operated by Cyprus Investment Firms (CIFs) and are thus not authorised by CySEC to provide investment services.
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The list of brokerages that appear in today’s statement are as follows:
app.qbitsmegaprofit.co
autotradingbinary.com
binaryswiss.com
bitransax.com
bloombex-options.com
fmtrader.com
ftradition.com
go24invest.com
goptions.com
hfx.com
investcapitalrnarket.com
investrader.net
newtradefx.com
otmfx.com
rbinary.com
sbotrading.com
sunbirdfx.com
thetrueoption.com
tradel2.com
unitedoptions.com
www.10markets.com
www.500option.com
www.55profit.com
www.aaafx.com*
www.aaoption.com
www.admiralmarkets.com*
www.afghanbawar.org.af
www.albatrosgt.com
www.algobanque.com
www.alliance-options.com
www.b4binary.com
www.banco-capital.com
www.beeoptions.com
www.bforex.com
www.bigoption.com
www.binaring.com
www.binary8.com
www.binarybrokerz.com
www.binaryfn.com
www.binaryroom365.com
www.binary-slot.com
www.binaryuno.com
www.bmpoption.com
www.brokerofficial.com
www.brokeroption.com/it/
www.bsdoption.com
www.cfd1000.com
www.citrades.com
www.cyprusinvestmentlIc.com
www.daily-trades.com
www.eclipse-finance.com
www.edgedalefinance.com
www.empireoption.com
www.evrolife-association.com
www.exbino.com
www.finpari.com
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www.ftrade.com
www.fx-inter.com
www.g4trader.com
www.goldenratioassetmanagement.com
www.gotooption.com
www.gtoptions.com
www.hedefonline.com
www.highoption.com
www.imperialoptions.com
www.insideoption.com
www.ivoryoption.com
www.ksftrade.com
www.lbinary.com
www.lottmarket.com
www.marketsdl.com
www.marketsrally.com
www.maxoptions.com
www.mrtmarkets.com
www.netotrade.com
www.nextoption.com
www.noloptions.com
www.noafx.com
www.onetwotrade.com
www.option500.com
www.optionbit.com
www.optionstarsglobal.com
www.optionsxo.com
www.pacificoption.com
www.plusfinancials.com
www.plusoption.com
www.plustocks.com
www.porterfinance.com
www.primebrokerz.com
www.pwrtrade.com
www.rtgtrading.com
www.safekfficcom
www.safe-option.com
www.scala.trade
www.SecuredOptions.com
www.swissfxpro.com
www.tadawulinvestments.com
www.thetrueoption.com
www.titantrade.com
www.touchtrades.com
www.Tradersking.com
www.tradingbanks.com
www.tradorax.com
www.ubinary.com
www.ukoptions.com
www.utrader.com
www.vipoptions.com
www.whaleoptions.com
www.wikioption.com
www.winoptions247.com
www.yesfx.com.cy*
www.zulutrade.com*
zenithoptions.net
Background
CySEC is the independent public supervisory authority responsible for the supervision of the investment services market and transactions in transferable securities carried out in Cyprus. Its mission is to exercise effective supervision to ensure investor protection and the healthy development of the securities market.
The watchdog has reiterated that investors should be duly cautious and consult its website to confirm that a given institution is authorised to provide investment services in or from Cyprus prior to conducting business with it.
* Updated: Removed from the list on 17 January 2017. See CySEC amendment here.
Interesting how Admiral Markets and Zulu Trade are on the list.
Hmm and binaring.com…. dont touch them
Has anyone also been able to recover lost money? I have recovered my lost investment from ZuluTrade. Never trading through them again very dishonest broker.
I got ripped off by a scam broker recently, I had to hire a recovery professional to recover my funds. Glad I got my money back.
Hi option 500 just scam me money and broker Ignore me when I told him I want to stop trade after 2days he just ignore me and soon they send me Margin call and trade close -$ 2 times I have make police report On them. Till now broker still Skype me and say I wanted to trade he keep putting words on me inspite I told him 2nd day to stop Imagine he call me crazy lady How u got back your money ? As I stand option 500 send me Margin call ask today up and then say… Read more »
Last year I got scammed of a lot of money by solidcfd and I am very glad that they have been named and shamed on this page. Unfortunately I have been unable to recover my funds as I cannot afford to engage but, for what they did to me and to others who are as innocent as myself, my only wish is that they be named and shamed or be stopped by whatever means possible.