The websites are clones of Pepperstone and FXPrimus.
CySEC also flagged down eight illegal FX/CFDs platforms on Monday.
Bloomberg
The National Securities Market
Commission (CNMV), Spain’s financial regulator, has issued a warning against
six unregistered entities including ‘Pepper Stone Ltd’, and 'PRIMUS FX'. The
platforms operate nine websites without authorization, CNMV said in a statement
released on Monday.
According to the Spanish
financial watchdog, the unauthorized websites include pepperstoneld.com operated by
‘Pepper Stone Ltd’, primusfx.net operated by PRIMUS FX and exteom.com/en/ run
by WIRRERIUM LLC. The other websites include forzatrade.io, forzatrade.net,
forzatrade.org and forzatrade.world, which are all operated by FORZATRADE; and itradersfx.com
operated by ITRADES FX LTD. There is also lionmarket.live, the regulator said.
“The CNMV makes it clear that
these companies are not registered in the corresponding registry of this
Commission and, therefore, are not authorized to provide investment services or
other activities subject to the supervision of the CNMV,” the Spanish watchdog explained.
Clones of Pepperstone and FXPRIMUS
'Pepper Stone Ltd’ and 'PRIMUS FX' are clones of Pepperstone and FXPRIMUS, which are two well-recognized multi-regulated brokerages. While Pepperstone is regulated in jurisdictions such as Australia, Bahamas, UK, Germany, Kenya and Dubai, FXPRIMUS operates under the supervision of the Vanuatu Financial Services Commission and the Cyprus Securities and Exchange Commission (CySEC).
The homepage of well-recognized brokerage, FXPRIMUS
Speaking to Finance Magnates, regulated brokerage FXPRIMUS disclosed a February 2023 cease-and-desist letter it sent to 'PRIMUS FX,' warning the platform against continued impersonation of its brand. FXPRIMUS also warned 'PRIMUS FX' against unauthorized use of its "trademark, tradename, and copyrighted
elements."
Furthermore, FXPRIMUS shared a "fraudulent website notification" it wrote to CySEC, informing the Cypriot securities watchdog that 'PRIMUS FX' and its domain, primusfx.net, do not belong to Primus Global Limited, the Cyprus Investment Firm that operates the FXPRIMUS brokerage brand. The recognized broker also noted that it has reported the clone platform to its domain service provider.
Meanwhile, the second clone website, 'Pepper Stone,' also does not mention where it is regulated and claims to have been in the market for over five years with over 10,000 clients under its belt. However, the well-recognized Pepperstone, in addition to being multi-regulated, offers its clients trading opportunities in over 1,200 CFDs. On top of that, it offers its clients access to MetaTrader 4, MetaTrader 5 and cTrader trading platforms. However, Finance Magnates is yet to get a comment from Pepperstone on the development.
The homepage of globally recognized broker, Pepperstone
The homepage of 'Pepper Stone' website flagged by CNMV
Meanwhile, the Spanish financial
regulator last month warned against a number of unregulated entities offering financial services to retail investors in Spain.
Some of them include Morgan Finance, OneCapital Invest, Invinco, Theta
Investments, Shadlake, Trade Coin, Trade Nation and Millenium Operations.
CySEC Continues Clampdown on Illegal Trading Platforms
The newly flagged websites are world-trade-center.io, financista.com, swiftpuprime.com, ocdfinances.net and
ocdfinances.org. The others are: inverbid.net, inverbid.com and inverbid.co.
The National Securities Market
Commission (CNMV), Spain’s financial regulator, has issued a warning against
six unregistered entities including ‘Pepper Stone Ltd’, and 'PRIMUS FX'. The
platforms operate nine websites without authorization, CNMV said in a statement
released on Monday.
According to the Spanish
financial watchdog, the unauthorized websites include pepperstoneld.com operated by
‘Pepper Stone Ltd’, primusfx.net operated by PRIMUS FX and exteom.com/en/ run
by WIRRERIUM LLC. The other websites include forzatrade.io, forzatrade.net,
forzatrade.org and forzatrade.world, which are all operated by FORZATRADE; and itradersfx.com
operated by ITRADES FX LTD. There is also lionmarket.live, the regulator said.
“The CNMV makes it clear that
these companies are not registered in the corresponding registry of this
Commission and, therefore, are not authorized to provide investment services or
other activities subject to the supervision of the CNMV,” the Spanish watchdog explained.
Clones of Pepperstone and FXPRIMUS
'Pepper Stone Ltd’ and 'PRIMUS FX' are clones of Pepperstone and FXPRIMUS, which are two well-recognized multi-regulated brokerages. While Pepperstone is regulated in jurisdictions such as Australia, Bahamas, UK, Germany, Kenya and Dubai, FXPRIMUS operates under the supervision of the Vanuatu Financial Services Commission and the Cyprus Securities and Exchange Commission (CySEC).
The homepage of well-recognized brokerage, FXPRIMUS
Speaking to Finance Magnates, regulated brokerage FXPRIMUS disclosed a February 2023 cease-and-desist letter it sent to 'PRIMUS FX,' warning the platform against continued impersonation of its brand. FXPRIMUS also warned 'PRIMUS FX' against unauthorized use of its "trademark, tradename, and copyrighted
elements."
Furthermore, FXPRIMUS shared a "fraudulent website notification" it wrote to CySEC, informing the Cypriot securities watchdog that 'PRIMUS FX' and its domain, primusfx.net, do not belong to Primus Global Limited, the Cyprus Investment Firm that operates the FXPRIMUS brokerage brand. The recognized broker also noted that it has reported the clone platform to its domain service provider.
Meanwhile, the second clone website, 'Pepper Stone,' also does not mention where it is regulated and claims to have been in the market for over five years with over 10,000 clients under its belt. However, the well-recognized Pepperstone, in addition to being multi-regulated, offers its clients trading opportunities in over 1,200 CFDs. On top of that, it offers its clients access to MetaTrader 4, MetaTrader 5 and cTrader trading platforms. However, Finance Magnates is yet to get a comment from Pepperstone on the development.
The homepage of globally recognized broker, Pepperstone
The homepage of 'Pepper Stone' website flagged by CNMV
Meanwhile, the Spanish financial
regulator last month warned against a number of unregulated entities offering financial services to retail investors in Spain.
Some of them include Morgan Finance, OneCapital Invest, Invinco, Theta
Investments, Shadlake, Trade Coin, Trade Nation and Millenium Operations.
CySEC Continues Clampdown on Illegal Trading Platforms
The newly flagged websites are world-trade-center.io, financista.com, swiftpuprime.com, ocdfinances.net and
ocdfinances.org. The others are: inverbid.net, inverbid.com and inverbid.co.
Solomon Oladipupo is a journalist and editor from Nigeria that covers the tech, FX, fintech and cryptocurrency industries. He is a former assistant editor at AgroNigeria Magazine where he covered the agribusiness industry. Solomon holds a first-class degree in Journalism & Mass Communication from the University of Lagos where he graduated top of his class.
73% of Young Investors Say Traditional Wealth Building Is Broken – Here’s How They Trade Instead
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We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
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Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
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Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
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We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
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We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
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We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
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We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
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We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
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A concise look at where compliance, onboarding, and AI-driven processes are heading next.
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Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
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Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
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We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
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We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
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We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
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We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
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He closes with a clear message: fraud is scaling, and so must the tools that stop it.
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We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
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Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
