Regulator urges investors to avoid dealings with unlicensed trading websites
The Cyprus Securities and Exchange Commission (CySEC) on Tuesday issued a fresh warning to the public, alerting investors about a number of online platforms operating without authorisation.
According to CySEC, the websites listed do not belong to any entity that has been granted a licence to provide investment services or carry out investment activities.
The unauthorised websites named in the announcement include athloscapitalinvest.com, fxfuturetrade.net, dts-trade.com, fax.trade, circlemarketfx.com, admiralmarket.net, kulanient.com, eliteglobalfx.com, elitefxgo.com, mavqeris.com, fasatgh.com, gosuncm.com, lyreasf.com, and yondaris.pro.
CySEC emphasised that none of these entities are regulated by the commission and, as such, they are not permitted to offer or promote investment services in or from Cyprus.
The regulator urged investors to exercise extreme caution before engaging in financial dealings through these platforms.
It advised the public to consult its official website to verify whether a particular entity is authorised to provide investment services or carry out investment activities in accordance with Cypriot legislation.
CySEC continues to monitor the market for signs of unlicensed activity and said it remains committed to protecting investors from fraudulent or unregulated firms.
Earlier this year, CySEC had also flagged another group of suspicious platforms, reinforcing the need for vigilance among consumers.
On April 2, 2025, CySEC published a similar warning concerning several websites impersonating legitimate financial service providers.
Those platforms, including traderup.live, 365capitalinvest.com, and others, were identified as unauthorised and potentially harmful to investors.
At the time, CySEC reminded the public that “investors should never rely solely on a website’s claims or appearance” and must always verify authorisation status using the regulator’s tools.
It noted that misleading websites often present themselves as licensed entities, using professional layouts, fake regulatory references, and fabricated testimonials to deceive the public.
CySEC reiterated that investing through unlicensed websites carries a high risk of financial loss, with no recourse or legal protection for victims.
In both cases, the regulator stressed that people should verify the credentials of any investment platform through official channels before investing with them.
