Nicosia, Cyprus. The Cyprus Securities and Exchange Commission (CySEC) on Tuesday warned investors about several websites operating without authorisation to provide investment services. CySEC also announced a new public tender related to investigations into potential legislative violations by Cyprus Investment Firms.
Investor warning on unauthorised websites
CySEC said the websites do not belong to any entity granted authorisation for the provision of investment services or the performance of investment activities under Article 5 of Law 87(I)/2017. The regulator identified extlimited.com, networkfinancialservices.com, gmx-trading.com, eighttoro.com and upfrontfoundation.net as unauthorised investment platforms.
CySEC urged investors to exercise caution and verify the regulatory status of firms before engaging in any investment activity. It said investors should consult the official CySEC website to confirm which entities are licensed to provide investment services or carry out investment activities.
The commission stressed that dealing with unauthorised firms exposes investors to significant financial risk and limits their access to regulatory protections.
Public tender for investigation services
Separately, CySEC announced that it has issued a new public tender concerning the provision of services by two experts to conduct investigations into potential violations of current legislation by Cyprus Investment Firms (CIFs).
CySEC said full details of the tender are available on its website under the tenders section. The commission stated that the deadline for the submission of tenders is February 27, 2026.
Have you checked whether a firm is licensed on the official CySEC website before investing?