CySEC Compliance Issue – PlusMarkets, its offshore mutation, and Serbian boiler rooms
CySEC-regulated investment firm UR Trade Fix Ltd operates PlusMarkets broker under the license number 282/15. Within the scope of this license, the company is authorized to operate the domain www.plusmarkets.eu within the EU or EEA only and must comply with the relevant regulatory requirements. But as most CySEC-regulated brokers, PlusMarkets entertains an offshore mutation operating with the unauthorized domain www.plusmarkets.com. This offshore mutation acquires and accepts investors from the EEA and circumvents regulatory frameworks and investor protection.