The Cyprus Securities and Exchange Commission (CySEC) has recently released a list of unauthorized companies, with five fraudulent websites added to its warning list. It is claimed that these entities are not Cyprus Investment Companies (CIF).

Specific information of illegal platforms:

Metexo;

INFOREXeu;

Et fx;

Nbimarkets;

Emporiumcapital;

Currently, only the inforexeu website has not responded, while other websites continue to encourage investment.

Cyprus is a popular location for differential contract brokers, enabling them to operate throughout the European Economic Area. For this reason, many fraudulent companies attempt to claim that they have a CySEC license to improve their reliability in the eyes of investors.

CySEC stated that these illegal platforms provide high-risk investment tools, including contract for difference (CFD) foreign exchange, cryptocurrencies, and other popular asset classes. Some of them offer huge deposit bonuses, which is illegal behavior within the EU and high leverage beyond allowable limits.