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CySEC warns against the Naga Markets clone
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CySEC warns against the Naga Markets clone

created Paweł Mosionek21 February 2020

The Cyprus regulatory authority, CySEC, issued a message warning investors about three new websites through which Forex / CFD / Crypto trading services are to be provided, without the required license or license. The names are also deceptively similar to legally operating companies, including the well-known broker Naga Markets.


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CySEC warning list

The group of pages on the blacklist of warnings has been joined by:

  • naga-markets.online - Naga Markets clone
  • icfxmarkets.com
  • caliburcapital.net

Although the websites are functioning all the time, it is quite certain that they are only intended to exclude phishing from unconscious investors.

The official CySEC message

Other CySEC activities

Recently, the Cypriot regulator has its hands full. Recently reported on suspension of CIF licenses for Stocks Forex Ltd.and imposing a fine of EUR 10 on Solid Financial Services Limited.

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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.