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.
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.
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.
