The Cyprus Securities and Exchange Commission (CySEC) has flagged ten unauthorized investment websites operating without proper licensing, with Markets Vox, a recently launched prop trading provider, notably among them.

Cyprus Financial Regulator Issues Warning against Ten Unauthorized Investment Websites

The regulatory body identified several unauthorized platforms including surgirux.pro, nasanetac.com, a-eternitycapital.ltd, marketsvox.com, rohkatech.com, asteo-group.com, elegantopex.com, ewripro.com, haystdq.com, and eldenstrade.com. None of these entities possess the required authorization under Article 5 of Law 87 (I)/2017.

This marks another major update to CySEC‘s warning list in the past two months, primarily targeting CFD sector entities. The inclusion of Markets Vox is particularly noteworthy given their recent entry into the prop trading space.

MarketsVox and MVFunded Operations

MarketsVox, a Seychelles-licensed broker, launched its prop trading firm MVFunded in October. The company operates in partnership with MV Technologies, a Cyprus-based entity handling payment processing.

Earlier last year, the company rebranded from ForexVox to better reflect its expanded investment product offerings.

The reason for its inclusion on the warning list is straightforward: MarketsVox, like the other nine entities warned against by CySEC this week, lacks the necessary regulatory authorization from the Cypriot watchdog.

This article was written by Damian Chmiel at www.financemagnates.com.RegulationRead More

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