The Cyprus Securities and Exchange Commission has identified potentially harmful investment websites, including a clone of Admiral Markets.
CySEC urges all investors to verify a firm's regulatory status on its official website before engaging with any investment platform.
Admirals logo on a roof top
The Cyprus
Securities and Exchange Commission (CySEC) has issued a
warning about 14 websites operating without proper authorization to provide
investment services or activities under Cyprus law.
The
regulatory body identified several unauthorized platforms, including a clone
website impersonating the popular broker Admirals (formerly known as Admiral
Markets).
CySEC Warns Investors
About Unauthorized Investment Websites
The
regulator emphasized that all entities providing investment services in Cyprus
must be authorized under Article 5 of Law 87(I)/2017, which implements European
Union financial regulations.
The
entities listed below did not meet this requirement; therefore, using their
services may be potentially unsafe:
On of the
fraudulent site, admiralmarket.net, appears to be using the legitimate Admiral’s
logo, website layout, and visual branding to mislead retail investors.
Screenshot of the admiralmarket.net cloned website
“CySEC
urges investors to consult its website (www.cysec.gov.cy), before conducting business
with investment firms, in order to ascertain the entities, which are licensed
to provide investment services and/or investment activities,” the regulator
wrote in the warning.
The
practice of creating lookalike websites with similar domain names, branding
elements, and visual identity has proven effective in tricking unsuspecting
investors who fail to verify the regulatory status of platforms before
depositing funds.
The Cyprus
Securities and Exchange Commission (CySEC) has issued a
warning about 14 websites operating without proper authorization to provide
investment services or activities under Cyprus law.
The
regulatory body identified several unauthorized platforms, including a clone
website impersonating the popular broker Admirals (formerly known as Admiral
Markets).
CySEC Warns Investors
About Unauthorized Investment Websites
The
regulator emphasized that all entities providing investment services in Cyprus
must be authorized under Article 5 of Law 87(I)/2017, which implements European
Union financial regulations.
The
entities listed below did not meet this requirement; therefore, using their
services may be potentially unsafe:
On of the
fraudulent site, admiralmarket.net, appears to be using the legitimate Admiral’s
logo, website layout, and visual branding to mislead retail investors.
Screenshot of the admiralmarket.net cloned website
“CySEC
urges investors to consult its website (www.cysec.gov.cy), before conducting business
with investment firms, in order to ascertain the entities, which are licensed
to provide investment services and/or investment activities,” the regulator
wrote in the warning.
The
practice of creating lookalike websites with similar domain names, branding
elements, and visual identity has proven effective in tricking unsuspecting
investors who fail to verify the regulatory status of platforms before
depositing funds.
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
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