Here is a warning to the public to stay away from 5markets.com. CySEC has issued a warning which may indicate they have falsely claimed some sort of regulation, which they do not have and/or are operating without any license. You can read the official press release below.
The Cyprus Securities and Exchange Commission (‘the Commission’) wishes to inform the investors that the entity which operates via the internet domain, (https://www.5markets.com):
1. Is not permitted to provide investment and ancillary services in the Republic, pursuant to the 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 authorised 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.
As always, LeapRate and CySEC urges investors, before conducting business with Investment Institutions claiming EU regulation, to consult its Web Site (https://www.cysec.gov.cy/default_en.aspx) to confirm the entities are indeed authorized to provide investment services and are regulated in the Republic.
Properly regulated brokers can be found on LeapRate’s Broker List.