CySEC has updated its list of suspicious brokers and added six new online companies offering unauthorized trading services. Many of those on the list are actually untraceable, providing fake addresses.
Among these blacklisted companies are:
- fin-target.com Fin-Target Ltd, a fake company claiming to be associated with the licensed broker Royal Forex Ltd, claims this so-called crypto/forex company is operating in Spain without a license.
- coinboost247.com also known as Crytofxetra247 is a phony brokerage that is supposed to be involved in CFD trading scams, as well as cryptocurrency, forex pairs and commodities. The scammers claim to be regulated by the CFTC, CySEC and IFSC in Belize