CySEC issued warning over 10 Unlicensed firms

The Cyprus Securities and Exchange Commission (CySEC) has issued a warning against over 10 investment firms operating without proper authorization. These firms are not licensed to provide financial services and may pose serious risks to investors. CySEC advises the public to avoid dealing with unregulated entities.

Following are the Unlicensed Firms -:

1. fernrise.com

2. market-trading.ltd

3. xmarktrades.com

4. veldorna.pro

5. pravintol.com

6. kingsoptiontrade.com

7. capitaliko.com

8. cfdoptions.com

9. quantoria-markets.net

10. oneroyalfx.co

CySEC stated The above-mentioned websites do not belong 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.

How to Protect Your Money from Unlicensed brokers

1. Check Broker License

Verify with your country's financial regulator (like SEC, FCA, ASIC, etc.).

2. Avoid Unrealistic Promises

Be wary of guaranteed returns, high profits with no risk — classic red flags.

3. Stay Educated

Knowledge is your best defense. Read Reviews on different platforms.

4. Do Background Research

Look up online reviews (Trustpilot, Reddit, forums). Do Proper Research.

5. Ask for Documentation

Request official documents such as the brokers license, registration number, regulatory certificates, and proof of authorization from recognized authorities.Verify these documents directly through the official websites of the regulators.

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About CySEC

The Cyprus Securities and Exchange Commission (CySEC) is the independent authority overseeing investment services, securities transactions, asset management, administrative service providers, and crypto-asset firms in Cyprus. Its mission is to ensure investor protection and support the healthy development of the securities market through effective supervision.

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Please note: This article is for informational purposes only and does not constitute financial advice.