CySEC issues warning to traders on unregulated “”

Official press release is below:

The Cyprus Securities and Exchange Commission (‘the Commission’) wishes to inform the investors that the entity which operates the domain (

1. Is not permitted to provide investment and ancillary services in the Republic, pursuant to Investment Services and Activities and Regulated Markets Law, as:
i. It has never been authorized by the Commission.
ii. Ιt is not a bank or a cooperative firm, established in the Republic and authorized to provide such services.
iii. No notification has been received by a competent authority of another Member State, pursuant to sections 77 and 80 of the above mentioned Law.
2. Is not regulated by the Commission.

The Commission urges investors, before conducting business with Investment Institutions, to consult its Web Site to confirm the entities that are authorized to provide investment services in the Republic.

Remember, any traders or partners should avoid dealing with unregulated entities and only do business with firms that are properly regulated in your jurisdiction. It also looks as if the firm ripped off the AvaTrade logo in their attempt at branding.

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