The Cyprus Securities and Exchange Commission (CySEC) today published a warning against Airsoft, a company offering software solutions to start a Forex and/or a binary options broker.
Airsoft says on its website (www.airsoftltd.com) that it is regulated by CySEC and it is this claim that has sparked the concerns of the regulator, as CySEC does not regulate software providers. The regulator adds that Airsoft is also not authorized to provide any investment services in Cyprus.
The CySEC notes that the references in advertising messages on the Internet and the website of the company that it is regulated by the Commission are completely unfounded and misleading.
Below is a screenshot of the “Regulation” section of Airsoft’s website that falsely claims that the company is authorized by CySEC and even offers brokers “CySEC regulation under its name”.
Management of Airsoft provided the following statement to LeapRate:
As the fastest growing software provider in the industry today; Airsoft is able to offer its clients the ability to operate as a Cysec regulated brand due to an exclusive agreement with AirFinancePro ( CIF 206/13 ) to provide their Binary and CFD brands with Airsoft ltd Technology.
As such, AirSoft can now offers its clients the ability to operate under Cysec laws.
Airsoft goes to great lengths to execute full due diligence before allowing clients to go the regulated road.
You can view the full text of the CySEC warning regarding Airsoft by clicking here.