The Cyprus Securities and Alternate Fee (CySEC) has revealed a brand new warning on its web site this Tuesday, alerting residents of Cyprus to a few new suspected scams – World Belief Make investments(http://www.worldtrustinvest.com/), Eurotrade Investments (https://www.eurotradeinvestmentsrgb.com/) and Coinoptions Commerce (https://coinoptionstrade.com/).
Particularly, the Cypriot regulator warns that the web sites related to the abovementioned entities don’t belong to corporations which are authorised to offer funding providers or conduct funding actions throughout the nation.
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One of these behaviour is quite common for scams versus respectable corporations, who undergo the method of securing the right authorisation earlier than commencing operations, scams attempt to fly beneath the radar for so long as doable.
World Belief Make investments or WTI claims to be an internet buying and selling supplier of overseas trade (foreign exchange), contracts for distinction (CFD), treasured metals and extra. On its web site, the corporate states that it’s related to WTI Capital Holdings (Cyprus) Restricted, “which is regulated by the Cyprus Securities and Alternate Fee CySEC”. Nonetheless, given CySEC’s warning, you possibly can assume that the above assertion is unfaithful.
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Actually, it seems that WTI Capital Holdings is a few form of clone agency and was fraudulently utilizing the small print of Alfa Capital Holdings (Cyprus) Restricted (ACC). In October final yr, ACC put out a press release which clarified that it doesn’t have any relationship with WTI Capital Holdings (Cyprus) Restricted or any providers supplied through the web site http://www.worldtrustinvest.com/ru.
The corporate added that it has “not authorised using its identify, logos, or the commerce identify “Alfa Foreign exchange” by any individual or entity.” Due to the warning from CySEC and the obvious dodgy practices of WTI Capital Holdings, it’s a good suggestion to keep away from coping with this agency.
CySEC warns in opposition to Coinoptions Commerce
Coinoptions Commerce claims to be: “one of many main personal funding companies offering asset administration providers on the web together with Bitcoin Mining Program, Cryptocurrency incomes, trade and crypto property administration.”
On their web site, which CySEC has particularly mentioned doesn’t belong to an authorised web site, the entity claims to be regulated by each CySEC and the American Monetary Companies Fee. The corporate has even gone so far as to add alleged paperwork of its licences.
As was the identical with WTI, it’s a good suggestion to provide this agency a large berth.