CySEC issues warning against 7 unlicensed FX and crypto brokers
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 and cryptocurrency brokers.
The entities / websites cited by CySEC in its latest warning include:
- royal-foex.hk (which we believe was a CySEC typo, they likely meant royal-forex.hk)
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. (One of the above cited a Nicosia address).