CySEC issues warnings against OTPFX, AllFxTradings and others

Steffy Bogdanova
March 10, 2021 1:10 pm

The Cyprus Securities and Exchange Commission (CySEC) issued warnings for a few websites.

The Commission found several websites that do not belong to entities with for the provision of investment services.

The CySEC has included the following websites to its warning list:

  • otpfx.com
  • AllFXtradings.com
  • en-n.com
  • bhc.international
  • bbgroupfx.com
  • acronisfx.com
CySEC

The Cyprus watchdog found that these unlicensed and offshore retail FX brokers falsely claim to have CySEC licenses.

CySEC urges investors to consult its website, before conducting business with investment firms, in order to ascertain the entities which are licensed to provide investment services and/or investment activities.

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LeapRate Analyst

Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.
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