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CySEC warns 5 with Forex and Krypto

CySEC warns 5 with Forex and Krypto

created Paweł MosionekJanuary 18 2019

Cypriot financial supervision, CySEC, has issued a warning to 5 brokers offering intermediation in the trade of Forex and cryptocurrency instruments.

No proper license

All the entities mentioned below were included on the list of public warnings for the same reason - lack of the required licenses and permits to provide the above-mentioned services to Cypriot residents.

CySEC cautions websites:

  • worldtrustinvest.com;
  • eurotradeinvestmentsrgb.com;
  • coinoptionstrade.com;
  • acetradeoptions.com;
  • binarytradeplus.com.

These entities operate all over the world - from Cyprus through Spain to New York and Asia. Some of them inform on their website that they have a CySEC license, but this information is not true.

The official CySEC message

We warn against using the services of unlicensed companies. Before opening an account, always make sure that the broker has the appropriate regulations and permits from the indicated institution supervising the financial market.

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About the Author
Paweł Mosionek
An active trader on the Forex market since 2006. Editor of the Forex Nawigator portal and editor-in-chief and co-creator of the ForexClub.pl website. Speaker at the "Focus on Forex" conference at the Warsaw School of Economics, "NetVision" at the Gdańsk University of Technology and "Financial Intelligence" at the University of Gdańsk. Twice winner of "Junior Trader" - investment game for students organized by DM XTB. Addicted to travel, motorbikes and parachuting.

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