The Cyprus Securities and Exchange Commission (CySEC) has warned investors against conducting business with five websites affiliated with unauthorised investment platforms.

The Cyprus Securities and Exchange Commission (CySEC) has issued a new warning to investors, advising them against conducting business with five websites it has classified as “unauthorised” financial entities.
This is the most recent alert issued by the Cyprus-based regulator through its official news pages. It routinely updates the list of companies that, in its view, violate Article 5 of Law 87(I)/2017, meaning they operate without authorisation to provide investment services or carry out investment activities.
Which companies are CySEC warning investors about?
On 26 March 2025, the regulator warned against a total of five unauthorised websites:
- generalfx.io
- fintelligence24.com
- rcmbrokerslimited.com
- xbmkforex.com
- oakwell.finance
Has the regulator flagged other authorised investment firms?
Yes, CySEC has published advisories against several other financial-related websites. In January 2025, it added a number of different companies on its unauthorised list, including:
- surgirux.pro
- nasanetac.com
- a-eternitycapital.ltd
- marketsvox.com
- rohkatech.com
- asteo-group.com
- elegantopex.com
- ewripro.com
- haystdq.com
- eldenstrade.comparagonsigs.com
- monaxa.com
- efinancepro.com
- enxutto.net
- admiraleu-brokerz.com
- investfrx.com
- vistatradex.com
- admiralsunited.com
- client.admiralsunited.com
- fehelmante.pro
- hollytradebase.com
- xtbtradingco.com
- hoxtoncapitals.com
What action does CySEC recommend to investors?
CySEC has reminded investors to stay vigilant when searching for investment firms online. It continues to urge individuals to practise thorough due diligence before dealing with any unlicensed companies. Moreover, the regulator advises investors to visit the official CySEC website prior to entering into any business with any financial service providers.
What does CySEC do?
As an independent regulatory authority based in the Republic of Cyprus, CySEC is responsible for supervising the country’s investment services market, transactions in transferable securities and the collective investment and asset management sector. Its powers include regulating and overseeing the Cyprus Stock Exchange, enacting laws to ensure compliance, conducting investigations, imposing sanctions and issuing directives, among others.
Are unregulated forex brokers safe?
FX Trust Score strongly advises against trading or investing funds with an unregulated broker. This is because regulated entities offer greater fund protection, while ensuring a more secure and transparent trading environment. Traders should always look to avoid scam brokers and unregulated firms in order to better safeguard themselves from fraudulent or unethical trading practices.
Find this article helpful and informative? Get more insight into the top trading options currently on the market by checking out our guide to the Best CySEC Regulated Forex Brokers for 2025.