The Cyprus Securities and Exchange Commission (CySEC) has updated its blacklist of unregulated entities by adding six new websites belonging to entities that are not authorized to provide investment services and/or carry out investment activities.

The six illegal websites are as follows:

21stfinance.net

21stfinance.com

21stfinance.co

bitbulls-market.com

financewiseint.com

eurotradeforex.com

The Cypriot financial regulator warned investors to exercise extreme caution when dealing with investment companies to avoid risks.

CySEC also revoked the Cyprus Investment Company (CIF) authorization of Maxiflex Ltd, operator of currency pair and CFD broker EuropeFX, this week due to violations of relevant compliance regulations by the entity.