The Cyprus
Securities and Change Fee (CySEC ) issued a brand new
warning in the present day (Thursday) towards 9 unlicensed web sites, that are providing retail merchants
entry to overseas change (FX), contracts for distinction (CFDs), and
cryptocurrency buying and selling. Certainly one of them is a clone of the favored Polish dealer
OANDA TMS.
Many of the
web sites discovered on CySEC’s newest warning record are at present inactive. Nonetheless,
a number of of them are nonetheless working and inspiring retail merchants to open
accounts, falsely stating that they’ve the required laws to take action.
On the record
of addresses together with nylsinv.com, primusforex.internet, tfimarkets24.com,
afexeu.com, protechfx.com, forextimeltd.com, jfdtrade.internet, ltdexxovo.com and ico-assets.com,
particular consideration must be paid to primusforex.internet. Its web site resembles the
area of OANDA TMS, a Polish brokerage home offering providers to retail
merchants.
“The
Cyprus Securities and Change Fee (‘CySEC’) needs to tell buyers
that the next web sites don’t belong to an entity which has been granted
an authorization for the availability of funding providers and/or the
efficiency of funding actions,” the regulator commented within the official
assertion.
The
screenshot under exhibits the Primus Foreign exchange web site:
Supply: Primus Foreign exchange
On the
subsequent one, we see the unique OANDA TMS web site:
Supply: OANDA TMS
The above
clearly signifies that, aside from the brand, the web site has been completely
copied. Scrolling via the area of the unlicensed dealer and OANDA TMS
confirms the suspicions that Primus Foreign exchange is a typical clone firm. Clone makes use of
the web site of one other entity standard within the business, making an attempt to mislead retail
buyers and encourage them to open accounts with it.
Combating Clones and
Unregulated Brokers
That is
one other warning issued by CySEC throughout the final month. Within the second half of
Could, the regulator warned towards the rising impersonation of regulatory
officers and representatives.
It added
eight extra illegally working FX/CFD platforms to its warning record in April.
These included world-trade-center.io, financista.com, swiftpuprime.com,
ocdfinances.internet, and ocdfinances.org. The opposite three are inverbid.internet,
inverbid.com, and inverbid.co.
Additionally in
April, CySEC added Berkshire Hathaway TX, a fraudulent platform providing crypto
providers, to its warning record. The title of the fraudulent platform resembles
that of the American billionaire investor Warren Buffett’s firm.
Simply yesterday
(Wednesday), Finance Magnates reported that the UK’s FCA warned towards
a clone of one other standard buying and selling model eToro. The day after, its Cypriot
counterpart revealed a warning concerning the OANDA TMS clone. Nonetheless, in eToro’s
case, the impersonator didn’t copy your entire web site however used the corporate’s
license quantity as an alternative.
The Cyprus
Securities and Change Fee (CySEC ) issued a brand new
warning in the present day (Thursday) towards 9 unlicensed web sites, that are providing retail merchants
entry to overseas change (FX), contracts for distinction (CFDs), and
cryptocurrency buying and selling. Certainly one of them is a clone of the favored Polish dealer
OANDA TMS.
Many of the
web sites discovered on CySEC’s newest warning record are at present inactive. Nonetheless,
a number of of them are nonetheless working and inspiring retail merchants to open
accounts, falsely stating that they’ve the required laws to take action.
On the record
of addresses together with nylsinv.com, primusforex.internet, tfimarkets24.com,
afexeu.com, protechfx.com, forextimeltd.com, jfdtrade.internet, ltdexxovo.com and ico-assets.com,
particular consideration must be paid to primusforex.internet. Its web site resembles the
area of OANDA TMS, a Polish brokerage home offering providers to retail
merchants.
“The
Cyprus Securities and Change Fee (‘CySEC’) needs to tell buyers
that the next web sites don’t belong to an entity which has been granted
an authorization for the availability of funding providers and/or the
efficiency of funding actions,” the regulator commented within the official
assertion.
The
screenshot under exhibits the Primus Foreign exchange web site:
Supply: Primus Foreign exchange
On the
subsequent one, we see the unique OANDA TMS web site:
Supply: OANDA TMS
The above
clearly signifies that, aside from the brand, the web site has been completely
copied. Scrolling via the area of the unlicensed dealer and OANDA TMS
confirms the suspicions that Primus Foreign exchange is a typical clone firm. Clone makes use of
the web site of one other entity standard within the business, making an attempt to mislead retail
buyers and encourage them to open accounts with it.
Combating Clones and
Unregulated Brokers
That is
one other warning issued by CySEC throughout the final month. Within the second half of
Could, the regulator warned towards the rising impersonation of regulatory
officers and representatives.
It added
eight extra illegally working FX/CFD platforms to its warning record in April.
These included world-trade-center.io, financista.com, swiftpuprime.com,
ocdfinances.internet, and ocdfinances.org. The opposite three are inverbid.internet,
inverbid.com, and inverbid.co.
Additionally in
April, CySEC added Berkshire Hathaway TX, a fraudulent platform providing crypto
providers, to its warning record. The title of the fraudulent platform resembles
that of the American billionaire investor Warren Buffett’s firm.
Simply yesterday
(Wednesday), Finance Magnates reported that the UK’s FCA warned towards
a clone of one other standard buying and selling model eToro. The day after, its Cypriot
counterpart revealed a warning concerning the OANDA TMS clone. Nonetheless, in eToro’s
case, the impersonator didn’t copy your entire web site however used the corporate’s
license quantity as an alternative.
