Cyprus Flags 11 Websites in Ongoing Crackdown on Unlicensed Investment Platforms
Cyprus’s securities watchdog has issued a fresh warning to investors, naming 11 websites it says are offering investment services without the required authorization. The Cyprus Securities and platform Commission (CySEC) said the domains do not belong to any licensed investment firm under the country’s securities law.
The sites include deltatradingcorp.com, vyntor.net, phronimoss.com, alchemy-investments.ltd, axiance.com, superfitmax.com, fusion4marketsltd.com, anforanav.com, bm-holdings.co, lyfelete.com and novustrade.net.
“CySEC urges investors to consult its website … before conducting business with investment firms,” the regulator said in its statement, referring to its online register of authorized companies.
Familiar Playbook
The list highlights tactics regulators worldwide have warned about: cloning established brokers, reusing familiar brand names, and dangling high-risk products without licenses.
Alchemy-investments.ltd, for instance, echoes “Alchemy Markets,” a authority has previously flagged for clone activity. Fusion4marketsltd.com mirrors the well-known Fusion Markets brand but is not part of the licensed entity.
Axiance.com carries another twist. The Axiance name was tied to ICC Intercertus Capital, a CySEC-licensed firm once known as EverFX. That license was later sold and rebranded under the M4Markets group. Today, the axiance.com domain no longer appears on CySEC’s register of approved websites, which explains its inclusion on the warning list.
Some of the domains already show up in other jurisdictions’ alerts. Luxembourg’s CSSF warned that Lyfelete.com is not under its supervision, calling it out as part of a regulator-impersonation scheme. Australia’s investor-alert system has also noted Phronimoss.com as a suspected impersonation of the regulated firm Phronimos Pty Ltd. In the US, the Securities and Novus Trades—closely resembling novustrade.net—for soliciting investors without registration.
That cross-border pattern reflects how operators often target retail clients in multiple countries at once, making national warning lists one of the few tools regulators can deploy rapidly.
A Longer Crackdown
CySEC’s latest move sits within a broader history of tightening controls on retail trading in Cyprus. The island became a hub for online brokers a decade ago, when firms used EU “passporting” rights to market contracts for difference (CFDs) and binary options across the bloc. later than complaints about consumer harm, the European Securities and Markets Authority in 2018 banned binary options outright and imposed leverage caps on CFDs. CySEC adopted those measures and has since focused on domain-level policing—matching websites to licensed firms and flagging non-approved domains in public lists.
The regulator now issues regular alerts names, a response to the surge in cloned domains and typosquatting. It also stresses that only entities listed on its public register are .
For investors, the warning underlines the importance of checking regulators’ registers before sending money to online platforms. CySEC’s list is not exhaustive but serves as a signal that any website not linked to an authorized Cyprus Investment Firm should be treated with caution.
With more unlicensed and beyond, the regulator’s message is simple: if the domain doesn’t appear on the official register, the risks are all yours.
