The Cyprus Securities and Exchange Commission blocks another set of accurately illegal companies offering the services on crypto and Forex trading.
Cyprus, which is considered to be chief business center and tax friendly country, warns investors about the appearance of several suspicious web projects with the services on foreign exchange and cryptocurrency investment.
The warning document issued by CySEC on Aug. 6 says that the aforementioned companies do not have license for investment services provision. The companies are the following:
fxg.market, 247firstinvest.com, keyoncapital.com, procloudoptions.online, cryptotradecentr.com, fxgrowcapital.com, and meritkapital.net.
For example cryptotradecentr.com says that they are multinational fintech company providing a wide range of trading services and offer the services on Forex and CFD trading and options to get profit on the difference in the price of shares, indices, commodities and cryptocurrencies.
They say that their headquarters is in Australia and Luxembourg and are licensed by the Commission de Surveillance du Secteur Financier, which is the main financial regulator in Luxembourg.
The CySEC actively tracks global investment services to protect investors from fraud options. In May 2020, this organization has blocked another set of crypto and forex exchange-related websites. And “Binance Capital Options.” company has been in this blocked list as well
As online reports mention, the aforementioned company has nothing to do with the world’s largest crypto exchange, Binance. They just made scam site aimed at investors robbing using the data of the legit firm.