The Cyprus Securities and Exchange Commission (CySEC) has issued a warning to investors about several websites that are not authorized to provide investment services or engage in investment activities under its regulations.。

These platforms include apexfinancialtrading.com, bullmarketsllc.com, tcmglobals.com, opticaltradings.com, arkiseguro.com, front-service24.site, miningcity.com, nemtlex.online, evalonassets.com and expertminingcryptocurrency.Com。Regulators advise investors to exercise caution and avoid contact with these entities。

CySEC Finds Regulatory Violations

CySEC flagged apexfinancialtrading.com and bullmarketsllc.com, which claimed to provide investment services without obtaining the necessary regulatory approvals。

In addition, CySEC is also responsible for tcmglobals.com and portal.tcmglobals.com / signup, opticaltrades.com, arkiseguro.com, front-service24.site, miningcity.com, nemtlex.online, evalonassets.com and expertminingcryptocurrency.com warned, stressing that they lacked the mandate needed to carry out investment activities。

Last year, the Cyprus Securities and Exchange Commission (CySEC) found that 12 websites did not hold the required licenses to provide investment services in Cyprus.。These platforms include Forex / CFD brokers and cryptocurrency companies。Regulators are urging investors to exercise caution and verify the legality of investment firms before making any deals。

Risks of trading with unregulated companies

CySEC explained that trading with unregulated entities exposes investors to a variety of risks, including mishandling of funds and possible bankruptcy without compensation.。The financial watchdog explained that without proper supervision, traders are vulnerable to fraudulent activities and financial losses.。

Last year, the Cyprus Securities and Exchange Commission (CySEC) announced a major move to strengthen regulation of the financial sector.。The regulator has issued a tender worth 240,000 euros seeking experts to identify possible regulatory violations in Cyprus Investment Companies (CIF).。

The tender, titled "Investigating CIF's Possible Violations of Existing Laws with the Services of Two Experts," underscores CySEC's commitment to comprehensive oversight.。

Meanwhile, CySEC recently revoked Brokereo's Investor Compensation Fund (ICF) membership after the company's CIF license was revoked.。Finance Magnates reported that the company voluntarily gave up its license at the end of last year.。

CySEC confirms Neo Premium Investments (NPI) Ltd, which will operate retail trading brand Brokereo.Removal from ICF Membership。This decision is in line with CySEC's earlier move to revoke Brokereo's CIF license.。