CySEC warns of Just2Trade clone, unlicensed FX brokers
Cyprus financial regulator CySEC has issued its latest warning of unlicensed, offshore FX, CFD and crypto brokers which have caught the eye of the regulator for a variety of reasons. The latest warning covers four broker websites, as follows:
reliable-trade.com
caratcapital.com
marketseu.com
just2trade.live
The last of the bunch, just2trade.live, appears to be a clone website of properly licensed Just2trade Online Ltd, which operates the just2trade.online website.
The first on the list, Reliable Trade, claims on its website that it is one of the leading platforms in the United States offering Forex, Binary Options and spreads, and that it is regulated by the CFTC and based in New York. It also claims to be regulated by the IFSC of Belize, and the Cyprus Securities and Exchange Commission. Those claims are of course all false, and as noted the claim of a CySEC license by Reliable Trade seems to have caught the eye of the Cypriot regulator.