Cyprus Forex Brokers Scam List 2017
The CySEC conducted a list of scam fx brokers that are not authorized to provide financial trading services in Cyprus but they do. However there are many regulated forex brokers located in Cyprus but there are many scam foreign exchange brokerages that are not authorized for online trading in Cyprus but still they are doing business.
Below is the list of scam online brokers that are not authorized for online trading by the Cyprus securities and exchange commission.
Scam FX brokers in Cyprus list 2017 you should not invest
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app.qbitsmegaprofit.co
autotradingbinary.com
binaryswiss.com
bitransax.com
bloombex-options.com
fmtrader.com
ftradition.com
go24invest.com
goptions.com
hfx.com
investcapitalrnarket.com
investrader.net
newtradefx.com
otmfx.com
rbinary.com
sbotrading.com
sunbirdfx.com
thetrueoption.com
tradel2.com
unitedoptions.com
www.10markets.com
www.500option.com
www.55profit.com
www.aaafx.com
www.aaoption.com
www.admiralmarkets.com
www.afghanbawar.org.af
www.albatrosgt.com
www.algobanque.com
www.alliance-options.com
www.b4binary.com
www.banco-capital.com
www.beeoptions.com
www.bforex.com
www.bigoption.com
www.binaring.com
www.binary8.com
www.binarybrokerz.com
www.binaryfn.com
www.binaryroom365.com
www.binary-slot.com
www.binaryuno.com
www.bmpoption.com
www.brokerofficial.com
www.brokeroption.com/it/
www.bsdoption.com
www.cfd1000.com
www.citrades.com
www.cyprusinvestmentlIc.com
www.daily-trades.com
www.eclipse-finance.com
www.edgedalefinance.com
www.empireoption.com
www.evrolife-association.com
www.exbino.com
www.finpari.com
www.ftrade.com
www.fx-inter.com
www.g4trader.com
www.goldenratioassetmanagement.com
www.gotooption.com
www.gtoptions.com
www.hedefonline.com
www.highoption.com
www.imperialoptions.com
www.insideoption.com
www.ivoryoption.com
www.ksftrade.com
www.lbinary.com
www.lottmarket.com
www.marketsdl.com
www.marketsrally.com
www.maxoptions.com
www.mrtmarkets.com
www.netotrade.com
www.nextoption.com
www.noloptions.com
www.noafx.com
www.onetwotrade.com
www.option500.com
www.optionbit.com
www.optionstarsglobal.com
www.optionsxo.com
www.pacificoption.com
www.plusfinancials.com
www.plusoption.com
www.plustocks.com
www.porterfinance.com
www.primebrokerz.com
www.pwrtrade.com
www.rtgtrading.com
www.safekfficcom
www.safe-option.com
www.scala.trade
www.SecuredOptions.com
www.swissfxpro.com
www.tadawulinvestments.com
www.thetrueoption.com
www.titantrade.com
www.touchtrades.com
www.Tradersking.com
www.tradingbanks.com
www.tradorax.com
www.ubinary.com
www.ukoptions.com
www.utrader.com
www.vipoptions.com
www.whaleoptions.com
www.wikioption.com
www.winoptions247.com
www.yesfx.com.cy
www.zulutrade.com
zenithoptions.net
Cyprus Securities and Exchange Commission
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The Cyprus Securities and Exchange Commission better known as CySEC, is the financial regulatory agency of Cyprus. As an EU member state, CySEC‘s financial regulations and operations comply with the European MiFID financial harmonization law. Notably a significant number of overseas retail forex brokers and binary options brokers have obtained registration from CySEC
CySEC was launched in 2001 as part of section 5 of the Cyprus Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public corporate body. When Cyprus became a member of the European Union in 2004, CySEC simultaneously became a part of the European MiFID regulation, giving firms registered in Cyprus access to all European markets. However, joining the EU and adopting the Euro significantly changed the financial regulatory framework that CySEC policed for what had been previously considered a tax haven.
On May 4, 2012, CySEC announced a policy change regarding the classification of binary options as financial instruments. The effect was that binary options platforms operating in Cyprus (where most of the platforms are based) had to be regulated. This established CySEC as the first financial regulator to globally recognize and regulate binary options as financial instruments.
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