The Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) have flagged multiple websites as suspicious, warning investors to stay away from them as they are all likely to be trading scams.

fraud alert

If you have been scammed by a binary options, forex or crypto broker read our broker complaints section for a step-by-step guide on what to do next.

Also make sure to check out our list of the best forex and crypto brokers for your country.

According to the CySEC and the FCA, the websites listed in
each of their public warnings are claiming to be legitimate trading providers,
but are all operating without a trading license in Cyprus or the United Kingdom.
In fact, these websites do not belong to any regulated entities and are
misleading overall.

See our list of the top regulated brokers here.

Below you will find all the websites that are deemed to be
suspicious by the CySEC and the FCA. These websites will be listed separately,
according to each financial regulator’s warning. Make sure to take a good look
at all of these names, so as to avoid them in the future.

CySEC Scam Warning

scam alert

The financial watchdog has exposed a number of websites that
belong to entities not regulated or authorized to operate in Cyprus.

The websites flagged by the CySEC are:

  • https://www.apextradeoption.com/home.php

On its website, apextradeoption claims to be a binary
options and forex trading platform provider that is owned and operated by the
Cyprus investment firm B.O Tradefinancials Ltd.

However, the CySEC explicitly states in its warning it “has
decided to wholly withdraw the Cyprus Investment Firm authorization with number
CIF 216/13 of the company B.O Tradefinancials Ltd”.

  • https://www.jfdmtech.com/

This website has now been blocked or is no longer active.

According to the CySEC, when live, this website was falsely
claiming to be part of the JFDGroup.

  • http://www.finmarket.trade/

This website has now been blocked or is no longer active.

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This website has now been blocked or is no longer active.

This website has now been blocked or is no longer active.

This website has now been blocked or is no longer active.

  • http://lincensetrade.com/

This website has now been blocked or is no longer active.

CySEC claims that this website is not authorized to carry
out any investment activities in Cyprus.

  • https://www.worldbinaryoption.com/

The information on this website claims that
WorldBinaryOption has been approved by the Commodity Futures Trading Commission
(CFTC), the International Financial Services Commission (IFSC), the FCA and
CySEC.

As you can imagine, none of these claims are true and CySEC
has exposed the website as being a scam.

FCA Scam Warning

The FCA has issued a public warning against the online
trading broker PBN Capital / Go Capital FX, both owned and operated by
the company Capital Tech Limited.

fair binary options blacklist scam brokers satans

These are two separate websites under a different name, but both
operating under the same company (Capital Tech Limited) as the same scam. The
websites are identical and have the same contact information on their “About us”
page.  

The financial watchdog claims these websites are not licensed
to operate in the United Kingdom and are entirely misleading. They are yet
another case of a trading scam falsely claiming to be a legitimate trading
entity.

Which Brokers Should I Trust?

In a world where online trading scams only appear to be increasing,
it can be tricky when trying to decide which of all these brokers to trust.

Lucky for you, we’ve made this process much easier for you.

Check out our list of the top forex and crypto brokers for your country.

The No.1 Best Broker: IQ
Option

IQ Option is arguably the most famous online trading broker in the market. They are a fully regulated and licensed company with an award-winning trading platform and multiple assets.

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Check out the reason why Fair Forex Brokers always chooses
IQ Option.

  • Regulated and licensed by CySEC (license number 247/14)
  • Free $10,000 demo account to practice trading
  • Lowest minimum deposit of only $10
  • Award-winning, industry recognized broker
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Don’t waste your time on another trading scam, trade directly with the best broker for all traders – IQ Option.

Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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