15 Brokers Blacklisted by CySEC

15 Brokers Blacklisted by CySEC

In the last few weeks CySEC, the Cyprus Securities and Exchange Commission, has officially blacklisted 15 alleged brokers. The Cypriot regulator has issued warnings against the following firms for offering unregulated, and potentially scammer, CFDs, forex pairs, and crypto trading services to users all around:

elite-fxmarket.com  bigliquidity.com  avafinancials.com  pfcapfx.com  reset-invest.com  reliabletradeoptions.com  prcbrokers.com  prc-brokers.com  fxg.market  247firstinvest.com  keyoncapital.com  procloudoptions.online  cryptotradecentr.com  fxgrowcapital.com  meritkapital.net

The financial watchdog, as the procedure goes, has stressed that none of these domains are licensed by any overseer, and are thusly illicitly offering their services.

CySEC advises users never to deposit funds in unregulated brokers, because there is no way to get they money back; users are not protected under the Investor Compensation Fund, which when used correctly makes sure that the user is reimbursed in case the regulated broker at hand goes insolvent or cannot meets its financial obligations towards the client.

The Cypriot regulatory agency is always on the lookout for scammer brokers, as well as clone firms, but also illicit firms which arose from forgotten or impaired brokers that no longer serve any function.

However, the watchdog is also in charge of conducting constant inquiries into its legitimate brokerages. In case of any irregularities, CySEC will take action against any company.

Top Forex Brokers

Broker Country Rating Min. Deposit Website
US 5/5 $50 Click for a special offerWebsite
USA 5/5 $250 Click for a special offerWebsite
UK, Cyprus, Belize 4.94/5 $5 Click for a special offerWebsite
Australia 4.93/5 $100 Click for a special offerWebsite
UK, Australia 4.85/5 $50 Click for a special offerWebsite
Cyprus, SVG 4.8/5 $100 Click for a special offerWebsite

2 Comments

  1. This is very very educative. I am willing to invest in Forex but my problem is how to get genuine brokers. I think it’s advisable to invest through the recommended Forex brokers like XM.com, FBS, fxtm, and fxcm. OLUSOLA from Nigeria.

  2. I wish to invest in forex,but with a bro ker that has professional traders ,such that they trade with my investment and we share the profit .GIDEON from Nigeria

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