CySEC Issues Investor Alert on Unauthorized Financial Websites

The Cyprus Securities and Exchange Commission (CySEC) has issued a formal warning to investors, flagging eight online platforms that are offering investment services without the required regulatory authorization. The announcement, published on April 15, 2025, serves as a continued reminder of the growing risks posed by unlicensed financial websites targeting European users.

CySEC stated that the following websites are not authorized to provide investment services or conduct investment activities in accordance with Article 5 of Law 87 (I)/2017:

• enfodns.com
• ca-xe.pro
• kamislaran.com
• heromarkets-it.com
• itradingfx.net
• prestigepeakcapital.com
• gomarketfx.com
• coreinvests.eu

These entities are not listed in CySECs official register of authorized investment firms. As such, any activity conducted through these platforms is considered illegal under Cypriot law. While these websites may appear legitimate—often featuring professional layouts, customer support channels, and promotional claims—they operate outside the regulatory perimeter, exposing users to high risks of financial fraud.

CySEC has emphasized that engaging with unauthorized platforms may result in the complete loss of investor funds. Many such sites offer high-return promises or mimic well-known financial institutions, which further complicates detection by ordinary consumers. In some cases, the domain names are deliberately chosen to resemble those of regulated firms, a common tactic used in clone scams.

Although CySEC continues to publish regular updates and blacklist such domains, new websites frequently emerge under different names, making it difficult for investors to keep pace. This latest warning brings the number of flagged websites by CySEC this year alone to over 40.

To verify whether a financial entity is properly licensed, CySEC advises investors to consult its official website (www.cysec.gov.cy) before transferring any funds or sharing personal information. Regulatory databases are considered the most reliable method for confirming the legitimacy of an investment firm.

As fraudulent activities persist in the online investment space, investors are urged to perform thorough due diligence before engaging with any financial service provider. Tools like WikiFX, a global broker verification platform, can help users assess regulatory standing and avoid high-risk platforms.