CySEC Warns Against Five Unregulated Entities

Fazzaco learned that the Cyprus Securities and Exchange Commission (CySEC) issued a new set of warnings against unregulated brokerages that target the public.

According to the regulatory body, the latest set of warnings target the following websites:

lhk-group.com

garafi.com

alfacapital24.com

btmarkets.io

netradefx.com

The Cyprus regulator notes that these websites do not belong to an entity holding an operating license for the provision of investment services and / or the exercise of investment activities, as provided in Article 5 of law L. 87 (I) / 2017.

The watchdog urges the investing public to refer to its website (www.cysec.gov.cy) before engaging with investment services companies, to make sure that the entities are licensed to provide investment services and / or carry out investment activities.

Since Cyprus became a European Union member state in 2004, CySEC regulations and operations have had to meet the European financial regulatory framework's terms. To exercise effective supervision, the regulatory body of Cyprus is continuously adding suspicious entities and websites to its blacklist. 

Earlier this month, Fazzaco reported CySEC added six websites​ to its warning list, which included agefx.io, goldstein-invest.com, capital-partnersonline.com, top-epargne.info, thebestrader.io, cryptosworld.trade.