The Cyprus Securities and Exchange Commission (CySEC) has published a list of unauthorized companies, of which two fraudulent websites have been added to its warning list, and it is alleged that none of these entities are Cyprus Investment Company (CIF). Illegal platform specific information:

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

CySEC said these illegal platforms offer high-risk investment instruments, including contracts for Difference (CFDS) forex, cryptocurrencies and other popular asset classes. Some of them offer huge deposit bonuses, which are illegal within the EU, and high leverage beyond permitted limits.