CySEC issues warning against 7 unlicensed FX and crypto brokers

Source: FNG Gerald Segal 2020-07-30

Cyprus financial regulator CySEC has issued a warning regarding a number of unregulated entities. The websites mentioned seem to be a collection of offshore Retail FX and cryptocurrency brokers.

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

iforex300.com
coinkast.io
globaleverestfx.com
royal-foex.hk (which we believe was a CySEC typo, they likely meant royal-forex.hk)
capitaoptions.com
topoption360.com
markets-x.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. (One of the above cited a Nicosia address).

CySEC

offshore Retail FX brokers

crypto broker

CySEC issues warning against 7 unlicensed FX and crypto brokers

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