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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