Cyprus regulator warns investors against five unauthorised investment websites
The Cyprus Securities and Exchange Commission (CySEC) on Wednesday issued a warning to investors regarding unauthorised investment websites operating without the required licence.
The regulator stated that the websites in question do not belong to any entity authorised to provide investment services or perform investment activities.
The websites identified by CySEC include titanledger.io, connectfinancials.com, meridian-experts.com, finxara.com and getleveraged.com.
It clarified that such authorisation is required under Article 5 of Law 87(I)/2017.
The commission stressed that engaging with unlicensed entities may expose investors to significant risks.
The commission has consistently urged the public to remain cautious when dealing with online investment platforms.
Moreover, investors are always advised to verify whether a company is properly regulated before proceeding with any transactions.
In this regard, the regulator called on investors to consult its official website.
This step is intended to help individuals ascertain which entities are licensed to provide investment services and activities.
The warning forms part of CySEC’s ongoing efforts to protect investors and maintain market integrity.
It also reflects heightened scrutiny over the activities of unregulated online platforms targeting the public.