CySEC adds FXBulls, SafeOptions24, others to warning list

Cyprus financial regulator CySEC has issued a warning regarding a number of unregulated entities and websites. The sites mentioned seem to be a collection of offshore Retail FX, CFD and Binary Options brokers, some of which claim (falsely) to be licensed by CySEC.

The entities / websites cited by CySEC in its latest warning include:

• classicfx24trade.com

• safeoptions24.com

• pipmaster.org

• atfxtrade.com

• en.investup.cc

• fxbulls.com

• ​fenix-funds.com

CySEC typically issues these type of warnings when the broker either contacts Cypriot residents, or (more often) claims a Cyprus address or fake CySEC licensing. Of the brokers listed above, FXBulls.com claims to hold both CySEC and FCA licenses, which it doesn’t. Safeoptions24 claims to be based in: 68 Landsriver Street, California 22066, which is a nonsensical address as it is missing a city and the zip code 22066 is for Virginia on the east coast, not California on the west coast.