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Cyprus regulator warns over another FX trader

CySec has published a warning over another foreign currency exchange provider.

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CySec has warned investors not to use the services of Smart Trade FX as it is not permitted to provide investment or ancillary services within the country and has never been authorised to do so.

The warning comes a month after the watchdog warned over two other FX trading companies doing business in Cyprus. CySec warned investors that both Global Investment Gate FX and FX Yard, are not permitted to provide investment services in Cyprus.

CySec also reiterated its advice that investors should consult its website http://www.cysec.gov.cy/default_en.aspx prior to using an investment company to ensure it is authorised to conduct business.
 

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