CySEC issued warning over 10 Unlicensed firms

WikiFX | 2025-07-14 19:52

Abstract：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

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.

Do Not Miss these Important Articles- www.wikifx.com/en/newsdetail/202507142574901110.html www.wikifx.com/en/newsdetail/202507144344837846.html

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.

Stay Updated—Join WikiFX Community

Want to stay informed about the latest forex news and Scam Alert, Whether you're a forex beginner or an experienced trader, join our Telegram community: WikiFX India. We focus solely on educational updates, forex news, market insights, and forex market.

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

Scam Alert TAGS cysec Fraud Alert Forex news

Related broker

No Regulation

FernRise

Company name：FernRise

Score

1.21

Website：https://www.fernrise.com/

1-2 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.21

Tag Markets Exposed: Withdrawal Issues, Inflated Spreads & Market Manipulation Concerns

Did you encounter the sudden disappearance of Tag Markets’ MT5 one-click button? Did it result in wiping out your forex trading account balance? Does the broker disallow you profit withdrawals? Do you frequently witness price mismatches on the Tag Markets login? Has this piled on your capital losses? These experiences sum up the below-standard forex trading journey many traders have had with the broker. Some of them discussed such experiences while sharing the Tag Markets review. Take a look!

Original 2025-12-06 18:02

Exnova Exposed: Reports of Failed Deposits & Withheld Withdrawals from Traders

Does your deposit amount fail to reflect in your Exnova forex trading account? Does the same thing happen even when withdrawing? Does the Exnova bonus lure lead to a NIL account balance? Has the broker terminated your account without any explanation? These trading issues have become synonymous with traders here. Some traders have openly criticized the broker on several review platforms online. In this Exnova review article, we have highlighted the miserable forex trading experiences.

Original 2025-12-05 20:14

FortuixAgent Review: A Tale of Account Restrictions & Withdrawal Denials

Has your FortuixAgent app for forex trading been restricted? Does the broker not allow you to withdraw your initial deposits? Does the UK-based forex broker demand payment out of your earnings to allow withdrawals? These issues refuse to leave traders, as they come out expressing their frustration on broker review platforms. In this Fortuixagent review article, we have shared many complaints made against the broker.

Original 2025-12-05 18:40