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Home Page > Warnings > Fake Coinbase and mfsa.finance among 30 warnings from ASIC, AFM and MFSA

Oct 272026

Fake Coinbase and mfsa.finance among 30 warnings from ASIC, AFM and MFSA

By , Editor and founder of ForexRev · Published

Financial regulators have issued warnings against 30 unauthorised entities, highlighting threats such as a fake Coinbase operation cloning the cryptocurrency exchange and an impostor mimicking Malta's MFSA regulator. The vast majority of the updates stem from Australia's ASIC, alongside official alerts published by the AFM in the Netherlands, Greece's HCMC and Canada's ASC.

A significant portion of the alerts targets cloned brokers imitating licensed firms like Plus500 and IC Markets, alongside platforms marketing automated AI trading schemes without authorization. Additionally, the Dutch AFM flagged suspected boiler room operations aggressively contacting prospective investors with unsolicited high-risk derivative offers.

⚠️ At a glance

  • New entities on warning lists: 30
  • Regulators: 🇳🇱 AFM 2 · 🇲🇹 MFSA 1 · 🇬🇷 HCMC 1 · 🇨🇦 ASC 1 · 🇦🇺 ASIC 25
  • Crypto offers: 1
  • CFDs or forex: 3
  • Clones and impersonators: 10

Key warnings of the day

mfsa.finance — MFSA

According to the Maltese regulator MFSA, the domain mfsa.finance is directly impersonating the supervisory authority itself. Public authority clones present severe risks by misleading consumers into trusting fraudulent communications disguised as official regulatory operations.

Impersonation of Coinbase Australia Pty Ltd (coinsitet.com) — ASIC

According to the Australian regulator ASIC, the website coinsitet.com is an unauthorised clone impersonating Coinbase Australia Pty Ltd. Such brand cloning exploits the reputation of an established crypto exchange to mislead unsuspecting market participants.

Impersonation of Plus500AU Pty Ltd (app.plus500m.com) — ASIC

According to ASIC, the application app.plus500m.com operates as an unlicensed clone impersonating regulated broker Plus500AU Pty Ltd. Cloned trading portals mimic licensed brands to intercept consumer deposits under false pretences.

Vaulterro — AFM

According to the Dutch AFM, the entity offers derivatives without a licence or European passport and is suspected of boiler room fraud, cold-calling consumers to pressure them into buying worthless investments.

Full list of warnings — October 27, 2026

🇳🇱 AFM (Netherlands) — 2 warnings

Vaulterro

Was flagged by the Dutch AFM as a suspected boiler room offering CFDs and forex without a licence or European Passport.

  • Websites: vaulterro.com, webapp.vaulterro.com
  • Offering: CFDs, forex and other derivatives
  • Warning date: Aug 27, 2026 · Regulator notice AFM

Cyber Smart Solutions

Was identified by the AFM as a suspected boiler room cold-calling consumers to offer derivative investments without authorization.

  • Websites: cybersmartsolutions.com, platform.cybersmartsolutions.com
  • Offering: CFDs, forex and other derivatives
  • Warning date: Oct 26, 2026 · Regulator notice AFM

🇲🇹 MFSA (Malta) — 1 warning

mfsa.finance

According to the MFSA, is an unauthorised domain impersonating the Maltese financial supervisory authority.

🇬🇷 HCMC (Greece) — 1 warning

https://fxproeurmerisma.com/

According to the Greek HCMC, provides derivatives, crypto assets and investment products without authorisation and is flagged for misconduct.

  • Websites: fxproeurmerisma.com
  • Offering: stocks and bonds, money-market instruments, fund units, investment contracts, CFDs, forex and other derivatives, crypto and digital assets, other products
  • Warning date: Oct 22, 2026 · Regulator notice HCMC

🇨🇦 ASC (Canada (Alberta)) — 1 warning

Prymex Horizon

According to the Alberta Securities Commission, provides financial services without the required regulatory authorization.

  • Websites: prymex-trade.com, webtrader.prymex-trade.com, prymexxhorizon.com
  • Warning date: Oct 22, 2026 · Regulator notice ASC

🇦🇺 ASIC (Australia) — 25 warnings

Impersonation of All Roads Wholesale Fund Limited (tcap-group.com)

According to ASIC, is an unauthorised clone impersonating licensed entity All Roads Wholesale Fund Limited.

Impersonation of International Capital Markets Pty Ltd (universalstocktrading.com)

According to ASIC, is a clone operation impersonating licensed firm International Capital Markets Pty Ltd.

  • Other names: Universal Stock Trading
  • Websites: universalstocktrading.com
  • Warning date: Oct 23, 2026 · Regulator notice ASIC

Impersonation of Whitechapel Lane Pty Ltd (wcsec.com)

Was placed on the ASIC warning list for impersonating licensed firm Whitechapel Lane Pty Ltd.

Impersonation of Forest Stone Capital Pty Ltd (foreststonecapital.com.au)

According to ASIC, operates as a clone impersonating licensed company Forest Stone Capital Pty Ltd.

  • Other names: Forest Stone Advisory Pty Ltd
  • Websites: foreststonecapital.com.au
  • Warning date: Oct 23, 2026 · Regulator notice ASIC

Memphis Markets (live.673800.com)

Offers financial services without the required authorisation from the Australian regulator ASIC.

Juste Capitholm (justecapitholm-ai.net)

Was added to the ASIC warning list for providing financial services without holding an appropriate licence.

Fonndure (webtrader.manlnuy-astronayx.com)

According to ASIC, is offering financial investment services without the required licence.

Rendelio AI (rendelioai.net)

Operates in the financial services sector without the required authorization according to ASIC.

Coinscryp (coinscryp.com)

Was flagged by ASIC for delivering financial services without lawful regulatory authorisation.

AI Pro App (aumarketstoday.com)

According to ASIC, offers financial products without holding the mandatory regulatory authorisation.

Zurich Group Markets (zurichgroupmarkets.com)

Was added to the ASIC alert list for promoting investment services without regulatory approval.

Impersonation of Plus500AU Pty Ltd (app.plus500m.com)

According to ASIC, is an unauthorized clone mimicking regulated broker Plus500AU Pty Ltd.

Intellario Trade Pro (intellariotradepro-ai.com)

According to ASIC, carries out financial services business without the necessary licence.

Clear Sky Capital (area.clrsky-capt.com)

Offers financial services in Australia without the required authorisation from ASIC.

Orman & Co (orman-co.ai)

Was flagged by ASIC for providing financial services in the absence of valid authorization.

Laurentis AI (laurentisai.org)

According to ASIC, operates financial services without holding the obligatory regulatory licence.

Sterling Fund Pro (sterlingfundpro.io)

Was listed on the ASIC warning database for operating without an authorized financial licence.

Eunoia Market (eunoiamarket.com)

According to ASIC, is engaging in investment activities without the required authorisation.

CPT Trading (cptynkj.com)

Conducts financial services business without required regulatory authorisation from ASIC.

Impersonation of Evolution MIT Services Pty Ltd (evolutionmitservices.com)

According to ASIC, is an unlawful clone impersonating licensed firm Evolution MIT Services Pty Ltd.

Impersonation of Coinbase Australia Pty Ltd (coinsitet.com)

According to ASIC, is a clone website impersonating licensed firm Coinbase Australia Pty Ltd.

Impersonation of Asteri Asset Management Pty Ltd (asteri-am.com)

According to ASIC, operates as a clone impersonating authorised Asteri Asset Management Pty Ltd.

Impersonation of Australian Private Capital Advisory Services Pty Ltd (ausprivatecapital.net)

Was marked by ASIC as an unauthorised clone of Australian Private Capital Advisory Services Pty Ltd.

CPT Trading (m.cptynkj.com)

Provides financial services through a mobile portal without regulatory authorisation from ASIC.

AI Project Invest (aiprojectinvest.net)

Was entered into the ASIC warning register for unauthorized provision of financial services.

🛡️ How to protect yourself

  • Before you deposit money, check the broker’s licence in the regulator’s register — our guide on how to verify a broker’s licence walks you through it.
  • Watch out for names that closely mimic well-known firms — clones copy the logos, addresses and licence numbers of genuine brokers.
  • Never install remote-desktop apps or share SMS codes with anyone who offers to “help you invest”.
  • Search the full database on our warning list, and compare vetted brokers in our forex broker ranking.

Data source: IOSCO I-SCAN (International Securities and Commodities Alerts Network) and the warning lists and notices of the regulators listed (including the KNF public warning list, the FCA Warning List and the AMF blacklists). Entity data is reproduced without alteration; descriptions and commentary by the ForexRev editorial team.

Disclaimer: This article is for information purposes only. An entity’s presence on this list means a regulator has issued a warning about it — it is not a court ruling. Always check the details in the regulator’s notice. Trading leveraged CFDs carries a high risk of losing money.

About the author

Albert Czajkowski — Founder of the portal, editor and the person responsible for its development. Associated with the Forex world since 2013, also as an individual trader.

Meet the ForexRev editorial team →

This article contains AI-generated content.

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