The Cypriot regulator warns of fraudulent websites impersonating the institution.
It also alerts investors to fake celebrity endorsements of investments on social media, urging caution.
The Cyprus
Securities and Exchange Commission (CySEC) has issued urgent warnings about a
recent spike in sophisticated financial scams targeting investors through
multiple channels. This is regarding both scammers impersonating the regulator
itself and those exploiting the likenesses of famous individuals and
celebrities.
Watch Out for CySEC
Impersonators
In a
statement released today (Thursday), CySEC alerted the public to malicious
websites and email addresses fraudulently claiming association with the
regulator. The sites “cysecgov.org” and “cysecgov.cc” have
been created to mimic official CySEC communications, along with the email
address “supportcenter@cysecgov.org.”
Dr. George Theocharides, Chair at CySEC and Chair of the Risk Standing Committee at ESMA
“CySEC would like to warn the public that through these websites and email, individuals
are fraudulently presenting themselves as officers or representatives of CySEC,
approaching investors and demanding fees in exchange for allegedly arranging the
recovery of losses suffered by investors as a result of their investments in companies
under CySEC’s supervision,” the regulator commented in an official statement.
The regulator also reminds that it never contacts individuals by telephone and does not send unsolicited messages asking for personal data or financial information. It also reminds that the only official domain used by the organization is cysec.gov.cy, and encourages contacting info@cysec.gov.cy to confirm the authenticity of the information received.
This is not the first time fraudsters have attempted to impersonate the institution. At the end of last year, CySEC identified a fraudulent Instagram account under the username cysec_cy, which had accumulated over 14,000 followers. Ironically, this bogus Instagram account also posted tips on identifying fraudulent financial services platforms.
In 2022, CySEC warned that it had uncovered new instances of individuals and fake websites masquerading as its officers, representatives, and the official website. The Cypriot financial markets regulator declared that these incidents “are part of a sophisticated online campaign to defraud investors.”
CySEC Warns of Surge in
Financial Scams Targeting Investors
The
regulator also warned of a parallel scheme involving false social media posts
and online articles. These deceptive posts purport to show well-known political
figures and celebrities endorsing high-yield investment products.
“CySEC has investigated a
number of these false and misleading social media posts and has confirmed that they do
not belong to entities or individuals licensed to provide investment services,” the regulator added in a separate update.
CySEC urged
the public to exercise extreme caution and verify the legitimacy of any
investment opportunity or communication claiming to be from the regulator.
Investors can check whether a firm is licensed to provide investment services
in Cyprus by visiting the official CySEC website.
The
regulator emphasized that dealing with unlicensed entities leaves investors
without access to important protections, including out-of-court dispute
resolution procedures.
“CySEC urges the public to be particularly cautious, and to ensure that any person or entity
they are in contact with are licensed to provide investment services in Cyprus,” CySEC concluded.
CySEC consistently alerts investors about fraudulent and deceptive investment opportunities. For instance, it added 17 unregulated investment entities to its warning list two months ago. Moreover, CySEC has intensified its regulatory actions; in 2023, it conducted over 700 on-site and remote inspections of supervised entities and imposed fines exceeding $2.2 million. These measures were implemented to ensure adherence to regulatory standards and safeguard investors.
In 2024, CySEC imposed several substantial fines, including a €740,000 penalty on the operator of 1Markets for multiple violations and a €200,000 fine on IC Markets. These two penalties together represent nearly half of all fines levied by the Cypriot regulator in 2023, setting a new record for the institution.
The Cyprus
Securities and Exchange Commission (CySEC) has issued urgent warnings about a
recent spike in sophisticated financial scams targeting investors through
multiple channels. This is regarding both scammers impersonating the regulator
itself and those exploiting the likenesses of famous individuals and
celebrities.
Watch Out for CySEC
Impersonators
In a
statement released today (Thursday), CySEC alerted the public to malicious
websites and email addresses fraudulently claiming association with the
regulator. The sites “cysecgov.org” and “cysecgov.cc” have
been created to mimic official CySEC communications, along with the email
address “supportcenter@cysecgov.org.”
Dr. George Theocharides, Chair at CySEC and Chair of the Risk Standing Committee at ESMA
“CySEC would like to warn the public that through these websites and email, individuals
are fraudulently presenting themselves as officers or representatives of CySEC,
approaching investors and demanding fees in exchange for allegedly arranging the
recovery of losses suffered by investors as a result of their investments in companies
under CySEC’s supervision,” the regulator commented in an official statement.
The regulator also reminds that it never contacts individuals by telephone and does not send unsolicited messages asking for personal data or financial information. It also reminds that the only official domain used by the organization is cysec.gov.cy, and encourages contacting info@cysec.gov.cy to confirm the authenticity of the information received.
This is not the first time fraudsters have attempted to impersonate the institution. At the end of last year, CySEC identified a fraudulent Instagram account under the username cysec_cy, which had accumulated over 14,000 followers. Ironically, this bogus Instagram account also posted tips on identifying fraudulent financial services platforms.
In 2022, CySEC warned that it had uncovered new instances of individuals and fake websites masquerading as its officers, representatives, and the official website. The Cypriot financial markets regulator declared that these incidents “are part of a sophisticated online campaign to defraud investors.”
CySEC Warns of Surge in
Financial Scams Targeting Investors
The
regulator also warned of a parallel scheme involving false social media posts
and online articles. These deceptive posts purport to show well-known political
figures and celebrities endorsing high-yield investment products.
“CySEC has investigated a
number of these false and misleading social media posts and has confirmed that they do
not belong to entities or individuals licensed to provide investment services,” the regulator added in a separate update.
CySEC urged
the public to exercise extreme caution and verify the legitimacy of any
investment opportunity or communication claiming to be from the regulator.
Investors can check whether a firm is licensed to provide investment services
in Cyprus by visiting the official CySEC website.
The
regulator emphasized that dealing with unlicensed entities leaves investors
without access to important protections, including out-of-court dispute
resolution procedures.
“CySEC urges the public to be particularly cautious, and to ensure that any person or entity
they are in contact with are licensed to provide investment services in Cyprus,” CySEC concluded.
CySEC consistently alerts investors about fraudulent and deceptive investment opportunities. For instance, it added 17 unregulated investment entities to its warning list two months ago. Moreover, CySEC has intensified its regulatory actions; in 2023, it conducted over 700 on-site and remote inspections of supervised entities and imposed fines exceeding $2.2 million. These measures were implemented to ensure adherence to regulatory standards and safeguard investors.
In 2024, CySEC imposed several substantial fines, including a €740,000 penalty on the operator of 1Markets for multiple violations and a €200,000 fine on IC Markets. These two penalties together represent nearly half of all fines levied by the Cypriot regulator in 2023, setting a new record for the institution.
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.
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
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- 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
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- 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
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
