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CY Sureus holds any licenses?
Marat Nagy
Mongolia
2023-10-27
ANSWER No, CY Sureus operates in the absence of the required licenses and thus we strongly suggest you avoid it.Its regulatory claim is unfounded. While it purports to be regulated by the Financial Conduct Authority (FCA), CY Sureus is listed on the FCA website as an unauthorized firm. As for the alleged licenses from the Belize Financial Services Commission (Belize FSC) and the Mauritius Financial Services Commission (Mauritius FSC), they turn out to be false either. We conducted a search in the registers of both regulatory bodies but didn't find any matching records to support its legitimacy.What's more, the Swiss Financial Market Supervisory Authority (FINMA) has issued a warning against CY Sureus, saying it is not commercially registered in this jurisdiction.Therefore, CY Sureus is not licensed by any governing body. Entrusting it with funds and personal information is at great risk. Traders dealing with this unlicensed platform will not be protected by regulatory framework and they cannot recover their funds or get any compensation when any violation occurs. To avoid such a disaster, it is recommended to opt for fully regulated brokers.
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