Cyprus financial regulator CySEC has issued a warning regarding a number of unregulated entities. The websites mentioned seem to be a collection of offshore Retail FX, CFD and cryptocurrency brokers, some of which claim (falsely) to be licensed by CySEC.

The entities / websites cited by CySEC in its latest warning include:

• fxg.market
• 247firstinvest.com
• keyoncapital.com
• procloudoptions.online
• cryptotradecentr.com
• fxgrowcapital.com
• meritkapital.net

CySEC typically issues these type of warnings when the broker either contacts Cypriot residents, or (more often) claims a Cyprus address or fake CySEC licensing. Of the brokers listed above, 247firstinvest.com claims to have offices in both Sydney, Australia and in Limassol, Cyprus. keyoncapital.com states that KeyONcapital Limited is authorized and regulated by CySEC with license number 124/10 – we’d note that no such company exists in CySEC’s register of licensed companies, while license holder number 124/10 is Orbex. procloudoptions.online claims on its site that it is “one of the leading platforms in the United States offering binary options, Forex and spreads”, and that it regulated by the CFTC and based in New York, by the IFSC of Belize, as well as the Cyprus Securities and Exchange Commission (none of which is true, of course).