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
On its website, the clone 'PRIMUS FX' says
it has been in operation for more than 10 years and is “one of Europe’s leading
financial institutions specializing in forex and CFDs trading.” However, the platform, which claims it offers forex, CFDs, stocks and commodities trading opportunities to its clients, does not mention the jurisdictions where it is regulated.
The website of clone 'PRIMUS FX' flagged by CNMV
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
On its website, the clone 'PRIMUS FX' says
it has been in operation for more than 10 years and is “one of Europe’s leading
financial institutions specializing in forex and CFDs trading.” However, the platform, which claims it offers forex, CFDs, stocks and commodities trading opportunities to its clients, does not mention the jurisdictions where it is regulated.
The website of clone 'PRIMUS FX' flagged by CNMV
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.
Aussies on CMC Invest Traded Local Stocks Six Times More Than US-Listed Ones
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
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
