CySEC Issues Warning Against Unregulated Entities

The Cyprus Securities and Exchange Commission (CySEC) has exposed recently six websites not belonging to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities, as provided for in Article 5 of Law 87 (I)/2017.

Following are the six websites:

• suplexdeals.net ·

• simplifiedfinancemarkets.com ·

• futureinvest.me ·

• redrock500.com ·

• invcryptotrade.com ·

• ​idealfxhub.com

The Cyprus financial watchdog urges investors to do necessary research before before conducting business with investment firms, so as not to fall victim to a scam.

Earlier this month, Fazzaco reported that CySEC it has withdrawn the Cyprus Investment Firm (CIF) authorisation with Number 174/12 of Sonaf Business Ltd​, the operator of SonaFX that is an FX trading platform.