Abstract:CySEC warns investors of growing risks from unlicensed financial platforms after identifying 9 more websites violating local regulations.
The Cyprus Securities and Exchange Commission (CySEC) has issued an official warning regarding nine online platforms that are offering investment services without holding proper regulatory authorisation. The regulator stated that these websites are not associated with any entity licensed to operate under Article 5 of Law 87(I)/2017, which governs the provision of investment services and activities within Cyprus.
According to CySEC, the following domains have been flagged for unauthorized activity:
These websites are alleged to be offering financial services to the public without the required licence, a violation of Cypriot investment law. CySEC has not granted these entities any form of investment service approval and confirms that none of them appear on its official list of authorised firms.
CySEC emphasized that operating without a licence undermines the regulatory safeguards established to protect investors and market integrity. Offering investment services in Cyprus requires strict adherence to the rules outlined in Law 87(I)/2017, and unlicensed entities may be involved in misleading or high-risk practices.
This announcement follows a broader trend of increased regulatory scrutiny across Europe in response to the rising number of online platforms operating without permission.
In an industry where safety and transparency are essential, the regulatory status of online brokers has never been more important. For traders seeking to protect their capital, ensuring that a platform operates under recognised and stringent oversight can make all the difference. Keep reading to learn more about TradingPRO and its licenses.
Oil prices are hovering around a critical level, with potential yet to be fully unleashed. Investors must prepare for sudden changes.
The Securities and Exchange Board of India (SEBI) has implemented revised regulations on Intraday trading, with effect from November 20, 2024. These regulations are meant to lessen risks and prevent speculative trading practices.
Errante has introduced a new deposit bonus promotion for first-time clients. Under this offer, eligible traders can receive a bonus of up to 30% on their initial deposit, with a maximum bonus amount capped at USD 2,000.