Another Day, Another Scam: CYSEC Flags Three Entities

The Cyprus Securities and Exchange Commission (CySEC) has revealed a brand new warning on its web site this Tuesday, alerting residents of Cyprus to 3 new suspected scams – World Trust Invest(, Eurotrade Investments ( and Coinoptions Trade (

Specifically, the Cypriot regulator warns that the web sites related to the abovementioned entities don’t belong to corporations which might be authorised to supply funding providers or conduct funding actions inside the nation.

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This sort of behaviour is quite common for scams versus reliable corporations, who undergo the method of securing the correct authorisation earlier than commencing operations, scams attempt to fly below the radar for so long as attainable.

World Trust Invest or WTI claims to be a web based buying and selling supplier of international change (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) Limited, “which is regulated by the Cyprus Securities and Exchange Commission CySEC”. However, given CySEC’s warning, you may assume that the above assertion is unfaithful.

In reality, it seems that WTI Capital Holdings is a few sort of clone agency and was fraudulently utilizing the main points of Alfa Capital Holdings (Cyprus) Limited (ACC). In October final yr, ACC put out an announcement which clarified that it doesn’t have any relationship with WTI Capital Holdings (Cyprus) Limited or any providers supplied through the web site

The firm added that it has “not authorised using its identify, logos, or the commerce identify “Alfa Forex” by any particular person or entity.” Because of 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 Trade

Coinoptions Trade claims to be: “one of many main personal funding companies offering asset administration providers on the web together with Bitcoin Mining Program, Cryptocurrency incomes, change 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 Financial Services Commission. The firm 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 offer this agency a large berth.


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David is the founder of The firm originates business financing for companies of all size in the Canadian marketplace . Originations include business loans, term loans, asset based lines of credit, SR ED Tax credit financing , and receivable financing .

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