CySEC Flags Multiple Unregistered Websites, With Bybit and VTMarkets Named

The Cyprus Securities and Exchange Commission (CySEC)
informs investors that several websites are not linked to any entity authorized
to offer investment services or perform investment activities.

It should be noted that some of these entities may be
fraudulent clones, attempting to impersonate licensed companies by using their
names, logos, addresses, and other details.

CySEC Alerts on Unauthorized Websites

These firms include WeonMarket, along with its associated
site platform.dashboardweonmarket.live; Nortenway and its registration page,
cfd.nortenway.com/register; PrimusCFD and its client portal,
client.primuscfd.net; Axiagroup.co; OctaMarketFX; Apmetrade; Investous.pro;
Varkuti.eu and QuoMarkets.com.

Other sites in the warning list include Efgbtrdpltfrm.com; Profitwave.cc;
MarketsAdvGroup.com; Platform-Oro.com; VTMarkets.com and VTMarkets.net;
Bybit.com; Chiron-Group.limited; and GameChangersWW.com, which is also linked
to Bybit.com and VTMarkets.net.

Deceptive operations by clone firms have no connection to
the legitimate firms they mimic, despite their apparent similarities.

Source: CySEC

Investor Caution Advised

Finance Magnates reached out to several firms on the warning
list. OctaFX responded, clarifying that the website
“octamarketfx.com” is unrelated to their globally licensed operations
and is an impostor using their brand for fraudulent purposes. They emphasized
that their official site is “octafx.com” and assured that steps are
being taken to eliminate the deceptive site.

“‘octamarketfx.com’ website added recently to the warning
list issued by the CySEC has nothing to do with the globally licensed broker
Octa (ex. OctaFX) operating on the market since 2011. ‘octafx.com’ is the main
official website of the company. Moreover, EU residents and citizens aren’t
able to register and be onboarded via octafx.com,” the firm noted in its
statement.

“As for ‘octamarketfx.com’ we consider the entity as an
impostor using our brand for the purpose of profit. There have been numerous
instances where imposters have attempted to deceive people by using our brand
name and/or logo to solicit money, which is ultimately stolen by these
copycats. We passed the case to the relevant team, so we’re aiming to take
action in this regard and eliminate ‘octamarketfx.com’ from the public access.”

CySEC urges investors to exercise caution and consult its
website to verify the licensing status of any investment firm before
proceeding.

The Cyprus Securities and Exchange Commission (CySEC)
informs investors that several websites are not linked to any entity authorized
to offer investment services or perform investment activities.

It should be noted that some of these entities may be
fraudulent clones, attempting to impersonate licensed companies by using their
names, logos, addresses, and other details.

CySEC Alerts on Unauthorized Websites

These firms include WeonMarket, along with its associated
site platform.dashboardweonmarket.live; Nortenway and its registration page,
cfd.nortenway.com/register; PrimusCFD and its client portal,
client.primuscfd.net; Axiagroup.co; OctaMarketFX; Apmetrade; Investous.pro;
Varkuti.eu and QuoMarkets.com.

Other sites in the warning list include Efgbtrdpltfrm.com; Profitwave.cc;
MarketsAdvGroup.com; Platform-Oro.com; VTMarkets.com and VTMarkets.net;
Bybit.com; Chiron-Group.limited; and GameChangersWW.com, which is also linked
to Bybit.com and VTMarkets.net.

Deceptive operations by clone firms have no connection to
the legitimate firms they mimic, despite their apparent similarities.

Source: CySEC

Investor Caution Advised

Finance Magnates reached out to several firms on the warning
list. OctaFX responded, clarifying that the website
“octamarketfx.com” is unrelated to their globally licensed operations
and is an impostor using their brand for fraudulent purposes. They emphasized
that their official site is “octafx.com” and assured that steps are
being taken to eliminate the deceptive site.

“‘octamarketfx.com’ website added recently to the warning
list issued by the CySEC has nothing to do with the globally licensed broker
Octa (ex. OctaFX) operating on the market since 2011. ‘octafx.com’ is the main
official website of the company. Moreover, EU residents and citizens aren’t
able to register and be onboarded via octafx.com,” the firm noted in its
statement.

“As for ‘octamarketfx.com’ we consider the entity as an
impostor using our brand for the purpose of profit. There have been numerous
instances where imposters have attempted to deceive people by using our brand
name and/or logo to solicit money, which is ultimately stolen by these
copycats. We passed the case to the relevant team, so we’re aiming to take
action in this regard and eliminate ‘octamarketfx.com’ from the public access.”

CySEC urges investors to exercise caution and consult its
website to verify the licensing status of any investment firm before
proceeding.

This post is originally published on FINANCEMAGNATES.

  • Related Posts

    Week at a Glance: Exness Halts Onboarding in India, Event Contracts’ Boom Draws Scrutiny

    Exness halts new registrations in India We begin this week’s recap with a significant development from Exness. The retail broker stopped accepting new client registrations in India. The change, implemented…

    FSA Seychelles Licences WeTrade; CySEC Authorised It Earlier This Year

    WeTrade Capital Limited, a financial brokerage firm based in Cyprus, has received a Securities Dealer Licence from the Financial Services Authority of Seychelles. The company will operate from its registered…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Week at a Glance: Exness Halts Onboarding in India, Event Contracts’ Boom Draws Scrutiny

    • July 19, 2025
    Week at a Glance: Exness Halts Onboarding in India, Event Contracts’ Boom Draws Scrutiny

    Over-Analyzing the Market: Signs You’re Stuck and How to Fix It?

    • July 18, 2025
    Over-Analyzing the Market: Signs You’re Stuck and How to Fix It?

    How Central Bank Policy Divergence Affects Exchange Rates?

    • July 18, 2025
    How Central Bank Policy Divergence Affects Exchange Rates?

    FSA Seychelles Licences WeTrade; CySEC Authorised It Earlier This Year

    • July 18, 2025
    FSA Seychelles Licences WeTrade; CySEC Authorised It Earlier This Year