CySEC warns the public against 17 investment websites

The Cyprus Securities and Exchange Commission (CySEC) has issued a new investor alert, warning the public about 17 websites operating without proper authorization. According to the regulator, these platforms are offering investment services and activities without being licensed under Cypriot law.

Websites Listed in the CySEC Warning

The unauthorized websites named by CySEC are:

• solartecna.com
• lucrativeedges.com
• optramarket.com, harvestsphereonline.com
• pehjosf.com
• weekend-fx.com
• irafloxi.com
• evpmarketgroup.com
• aintelligence24.com
• wrc1.com, wrpro.com
• primeinvests.eu
• fxmaple.com
• fxmarketstrade.com
• derivinvestments.com
• 24yield.com
• xmarketcoin.com

Not Authorized to Provide Investment Services

CySEC clarified that none of these websites belong to entities that have been granted authorization to provide investment services or perform investment activities, as required under Article 5 of Law 87(I)/2017.

This means these companies are operating illegally and may pose a serious risk to investors, including potential forex scams and fraudulent investment schemes.

Why This Matters for Investors

Engaging with unregulated brokers exposes investors to significant risks:

• No legal protection – Your funds are not safeguarded under investor compensation schemes.
• High withdrawal risks – Many unregulated platforms refuse to return client funds.
• Potential fraud – Scammers often use fake company names or clone legitimate firms.
• No dispute resolution – Without regulatory oversight, theres no authority to intervene in case of misconduct.

How to Stay Safe from Unauthorized Brokers

CySEC strongly advises investors to verify the regulatory status of any firm before depositing funds.

You can check whether a broker is licensed by visiting the official CySEC website at www.cysec.gov.cy and searching the Approved Entities Register.

Here are some tips to avoid falling for forex scams:

1. Always verify licenses directly from the regulators website.
2. Be cautious of unrealistic returns or guaranteed profits.
3. Check for transparent contact information and a physical office location.
4. Research reviews from reputable sources, not just the brokers site.
5. Avoid pressure tactics — legitimate brokers dont rush clients into making deposits.

CySECs Ongoing Efforts to Protect Investors

CySEC regularly publishes public warnings to raise awareness about unlicensed investment websites. This latest alert is part of the regulators broader campaign to combat financial fraud and protect retail traders from potential losses.

By staying informed and exercising caution, investors can reduce the likelihood of becoming victims of online investment scams.