The SEC department of Cyprus (CySEC) has reportedly put warnings out, regarding nearly 200 unauthorized investment businesses, 3 of which bear numerous distinctive resemblances, with falsely promoted connections to the BDSwiss.

Specifically, in its updated record, which can be viewed on its web page, 187 different crypto trading platforms have received warnings for their unregistered operations. 

“[T]he domains that are included in the following list are not owned or operated by Cyprus Investment Firms (CIFs) which have been authorized by CySEC to provide Investment Services.” 

In the list, 4 particular unlicensed investment brokering services providers the CySEC warned against – Nervic Fx Trade, Crypt Fx Tm, Urban Fx Trade and Intense Fx Trade – have pushed out false advertising content related to BDSwiss Holding Plc – a trading that has successfully acquired all legally required papers to operate from CySEC.

“BDSwiss has established an internal process over the years and we are alerted both by professional software as well as by clients themselves on clone websites or third parties using our brand name for fraud. BDSwiss’ Compliance department maintains constant communication with the regulators and takes immediate action, reporting fraudulence and clone websites whenever they come to our attention.” BDSwiss issued a notice regarding the matter. 

3 of the 4 above-mentioned businesses – Nervic Fx Trade, Crypt Fx Tm and Intense FX Trade – shared some unique resemblances, with the most noticeable difference is the business name in the top left part of each platform’s web page.