In April, the Cyprus Securities and Exchange Commission (CySEC) warned again about unlicensed trading platforms operating without its regulatory authorization. The financial watchdog reminded investors that these entities lack the necessary authorization to provide investment services or conduct investment activities.
CySEC has newly flagged eight trading websites for public awareness:
Investors are urged to verify the legitimacy of any investment firm before engaging in transactions. CySEC emphasizes the importance of ensuring that financial service providers hold proper licenses to offer investment services and/or perform investment activities.