The Cyprus Securities and Exchange Commission (CySEC) his continuing its enforcement actions against unauthorized brokers. The Cypriot regulator today published a warning against four FX brands, which were just blacklisted after they were found facilitating trading in FX and cryptocurrencies without being authorized to do so in the country.
Nervic Fx Trade, Crypt Fx Tm, Urban Fx Trade and Intense Fx Trade are the latest to be added to the CySEC’s caution list. These brands are also misleadingly claiming affiliation with Bdswiss Holding Plc, which is already regulated in Cyprus and holds its CIF License.
The primary financial services regulator in Cyprus has also warned against a company called eMarketsTrade which operates a mix of pure cryptocurrency and FX business.