Home -

Brokers -

Main body -

WikiFX Express

WIKIFX REPORT: CYSEC BLACKLISTS FXWET, CRYPTOBANXATRADE, AND SKYECRYPTOFX

CryptoBanxaTrade | 2022-06-07 14:50

Abstract：The Cypriot regulator has warned against entering into transactions today, particularly involving CFDs, cryptocurrency and forex trading, via online trading platforms operated by unlicensed providers.

The Cyprus Securities and Exchange Commission said before that some of these illegal brokers were just spinoffs of previously shuttered companies while others misleadingly claim affiliation with other brokers that are already regulated in Cyprus and hold its CIF License. The watchdog has blacklisted the following domains:

cryptobanxatrade.com
fxwet.com
skyecryptofx.com
capitalbasefx.com

One of the blacklisted brokers, CryptoBanxaTrade, claims to be based in New York and licensed in the UK for offering binary options, Forex and spreads. The shady website also falsely claims to be properly regulated by the US CFTC and the IFSC of Belize, as well as CySEC, which the Cypriot watchdog has just denied.

Meanwhile, Skyecryptofx touts itself as one of the largest stock exchange-listed FX & CFD brokers in the world. It further claims that it has offices in more than 10 countries including Belize, UK, Poland, Germany, Spain and France.

CySEC stresses that these firms are not licensed to operate a brokerage business in Cyprus, nor are they affiliated with a regulated entity. Additionally, it warns that if consumers lost their money on platforms that are not licensed, they are not protected under the Investor Compensation Fund (ICF). This serves to protect the claims of covered clients and provide them with compensation in case a member was unable to meet its financial obligations.

While many providers claim to be Cyprus-based, CySEC said, previously it believed such companies were based overseas and providing false addresses, adding that it would look into taking further action if companies were actually based within the country. It further explains that it is sometimes hard to find the names of the platforms operators on their websites, and that the addresses given as the company headquarters are often offshore letterbox addresses.

Under current laws, CySEC has no powers to force internet companies to refuse financial advertisements or block access to their domains. It can only ask them to take down fraudulent promotions once they have been spotted. As a result, fraudsters and promoters of high-risk schemes have been able to place advertisements claiming to be based or licensed in Cyprus.

Broker Dealer knowledge Forex trading

Related broker

No Regulation

CryptoBanxaTrade

Company name：CryptoBanxaTrade

Score

1.50

Website：https://cryptobanxatrade.com/

5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.50

Checking if Vida Markets is Real and Safe

When you look up things like "Is Vida Markets Legit" or "Vida Markets Scam", you're asking an important question that affects your capital's safety. You need a clear, fact-based answer to figure out if this company can be trusted with your capital or if it might be risky. This article gives you a complete check on whether Vida Markets is legitimate. We won't just repeat its advertising claims or random opinions. Instead, we'll do a deep investigation using facts we can prove, including whether it is properly regulated, its business history, real complaints from users, and reports from people who checked its offices. Our goal is to give you the facts clearly so you can make a smart and safe choice.

Original 2026-02-09 15:45

Vida Markets Regulatory Status

Picking a broker is one of the most important choices a trader can make. Beyond costs and trading platforms, the main protection for a trader's capital is the broker's regulatory status. A careful check of licenses, company registrations, and compliance history is not just smart; it is necessary. When it comes to Vida Markets, our review of public information shows major regulatory warning signs and a high-risk profile that should make any potential investor very careful. The main question of whether Vida Markets is a safe and regulated company is complicated, with an answer that points strongly toward a negative result. The broker's business structure is a mix of offshore registration, a license being used beyond its legal limits, and a recently canceled license from another country. This is made worse by an extremely low WikiFX score of 2.16 out of 10, a number that serves as an immediate and clear warning. Also, many serious user complaints create a worrying picture of the real tra

Original 2026-02-09 15:20

Vida Markets Review: Serious Warning Signs and Customer Problems Revealed

This 2026 Vida Markets review gives you a complete, fact-based look at this broker to answer one important question: Is this broker safe for traders? We looked at public information, government records, and many user reports to give you a clear and fair assessment. The most important finding is that this broker has an extremely low trust score of 2.16 out of 10 from WikiFX, a global financial regulation inquiry app. This score comes with a clear warning: "Low score, please stay away!" This poor rating isn't random - it emerges from serious problems with regulations, including a canceled license, and many customer complaints. These complaints claim serious wrongdoing related to keeping funds safe, canceling profits, and unfair trading practices. This review will break down these warning signs in detail, giving you the information you need to make a smart decision about your capital's safety.

Original 2026-02-09 14:33

WikiFX Elite Club Focus | Jimmy: Trust is the Most Valuable Asset

WikiFX Elite Club Focus is a monthly publication tailored for members of the WikiFX Elite Club, highlighting the key figures, insights, and actions that are genuinely driving the forex industry toward transparency, professionalism, and sustainable development.

Original 2026-02-09 11:50