cysec
CySEC Warns Against 21 Fraudulent Websites, Including Clones of AvaTrade and OneRoyal
- CySEC adds potentially fraudulent domains to its growing blacklist of unauthorized platforms.
- The warning covers entities offering forex trading, CFD services, and potential clones.
Tuesday, 18/11/2025 | 07:54 GMT by
Damian Chmiel
CySEC Pulls Certification Registers as Scammers Exploit Licensing Details
- These impersonators allegedly exploited the data to pose as legitimate investment professionals and deceive unsuspecting users.
- Despite the suspension, CySEC emphasized that certification remains a mandatory requirement for individuals employed by firms under its supervision.
Wednesday, 29/10/2025 | 14:21 GMT by
Jared Kirui
“If Something Sounds Too Good To Be True, It Probably Isn't”: Cyprus Market Chief Warns on Finfluencers and AI Frauds
- CySEC is currently reviewing 16 crypto license applications, as the Chairman calls for vigilance against social media fraud.
- Chair Theocharidis spoke with Forbes about the growing problem of fraudulent investment platforms promoted on social media.
Monday, 13/10/2025 | 08:13 GMT by
Damian Chmiel
Investors and Firms Warned as Fake Emails Claim CySEC Officers Demand Payments
- Fake emails use false employee names; the regulator never charges for certificates or fund releases.
- The regulator recently launched a quiz to help investors recognize scams and warning signs.
Friday, 19/09/2025 | 10:18 GMT by
Tareq Sikder
Brokers Say CySEC’s New CFD Restrictions “Don’t Change the Market in a Fundamental Way”
- The Cypriot regulator introduced stricter leverage rules for non-major CFD assets in September, capping them at a maximum of 10:1.
- The change, however, is nothing like the 2018 overhaul and, according to experts, is merely a technical step toward aligning with EU standards.
Wednesday, 10/09/2025 | 10:53 GMT by
Damian Chmiel
CySEC Sets Fees for DORA Covered Financial Firms Under EU Resilience Rules
- The regulator sets annual supervision fees €2K–€20K; penetration testing costs €20K.
- Funds were monitored, reports reviewed, and €2.76 million in 2024 penalties applied by regulator.
Friday, 05/09/2025 | 08:08 GMT by
Tareq Sikder
FIBO Markets Surrenders Cyprus Investment License to CySEC
- The FX broker loses authorization months after the voluntary surrender announcement.
- In a separate decision, the regulator removed four companies from the compensation fund, including the B2B unit of BDSwiss.
Thursday, 04/09/2025 | 10:36 GMT by
Damian Chmiel
Octa Markets Cyprus’ Majority Shareholder Stripped of Voting Rights
- The regulator also barred the individual from serving on the board or holding any management duties at the Cyprus-regulated entity.
- CySEC explained that the role of the ultimate beneficial owner was “prejudicial to the sound and prudent management” of the firm.
Wednesday, 03/09/2025 | 14:46 GMT by
Jared Kirui
“An Investment Advisor Contacts You Through Private Apps. What Would You Do?”: CySEC Asks
- The Cyprus regulator has launched a 12-question quiz to prepare retail investors against scams.
- The quiz focuses on real-life scenarios of how investors authenticate investment platforms.
Monday, 01/09/2025 | 09:45 GMT by
Arnab Shome
FCA Prosecutes for Facebook-Based £1.3 Million Ponzi Scheme Targeting Retail Investors
- The FCA prosecuted the Ponzi scheme that targeted 238 investors, promising 350% annual returns.
- A recent BaFin study shows investors aged 18–45 increasingly use social media for financial advice.
Friday, 08/08/2025 | 06:20 GMT by
Tareq Sikder
CySEC Implements EU Sanctions Rules Impacting CFD Brokers, Establishes National Unit
- Regulator’s new sanctions rules cover all CIFs; CFD brokers must update internal systems accordingly.
- The new body under the Finance Ministry coordinates sanctions enforcement across Cyprus.
Friday, 01/08/2025 | 13:26 GMT by
Tareq Sikder
Cyprus Stock Exchange Suspends Three Firms Following CySEC Directive for Reporting Failures
- One of the companies, Toxotis Investments, reportedly missed three key disclosures, including annual reports for 2023 and 2024.
- The suspension will remain in effect until the companies comply with their disclosure obligations or until September 30, 2025.
Thursday, 31/07/2025 | 17:50 GMT by
Jared Kirui
CySEC Warns of Fake Recovery Sites Targeting Fraud Victims
- Cyprus's financial regulator has warned about six fake recovery services targeting individuals who've already lost money to investment scam.
- These malicious sites falsely claim affiliation with CySEC while collecting personal information for further scams.
Tuesday, 29/07/2025 | 06:32 GMT by
Damian Chmiel
CySEC Lowers Deposit Limit Before ID Check: Will It Impact CFD Brokers’ Client Onboarding?
- Firms must verify clients within 15 days or terminate the business relationship.
- The regulator warns firms to avoid overusing delayed verification; funds only freeze if suspicious activity reported.
Wednesday, 09/07/2025 | 10:28 GMT by
Tareq Sikder
Cyprus Regulator Settles with Two FX/CFD Companies for €90,000 Over Potential Compliance Violations
- CySEC reached a settlement with Broctagon Prime over possible violations of client information disclosure rules during 2021.
- At the same time, Exclusive Change Capital paid €40,000 for alleged breaches of organizational requirements.
Thursday, 03/07/2025 | 10:28 GMT by
Damian Chmiel
11 Year Dispute Ends over €705K CySEC Fine Against Marfin Bank’s Former Chairman
- Andreas Vgenopoulos was found responsible for signing inaccurate financial reports and non-compliant prospectuses.
- He died in 2016, but legal proceedings continued through the liquidator of his estate.
Tuesday, 01/07/2025 | 10:22 GMT by
Tareq Sikder
CFDs Brokers Are to Adjust as CySEC Moves Away from Excel Reporting
- Two new circulars for CIFs introduce changes affecting both prudential and quarterly statistics.
- The regulator moves toward XBRL adoption, sets deadlines for new quarterly data submissions.
Friday, 27/06/2025 | 10:22 GMT by
Tareq Sikder
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