Every week, financial regulators around the world issue the latest risk warnings to remind investors to stay vigilant against illegal or suspicious trading platforms. During the past week (May 4-10, 2026), regulators from Germany, Spain, the UK, France, and Oman issued warnings one after another, collectively marking 13 brokers as “unregulated” or issuing official alerts against them.
These platforms often disguise themselves with attractive promises of “high returns and low risk”, but in reality, they are carefully designed traps aimed at deceiving investors, especially inexperienced beginners and elderly individuals with weaker awareness of financial scams. To help protect everyone’s capital, CashBack Island has compiled the complete list and detailed information of the entities blacklisted this week.
| Broker Name |
Jurisdiction / Registration Location |
Regulatory Status and Risk Warning | Core Nature of the Violation |
| Ava Plus Trade | UK | Unregulated (Warning Issued by the UK FCA) | Unauthorized Provision of Financial Products |
| Balanzfx | Spain | Unregulated (Warning Issued by the Spain CNMV) | Illegal Provision of Investment Services |
| Broker Eins | Germany | Unregulated (Warning Issued by the Germany BaFin) | Unauthorized Operations / Providing False Information |
| Bullish Investment Ique | UK | Unregulated (Warning Issued by the UK FCA) | Unauthorized Provision of Financial Products |
| CMC Trading | Germany | Unregulated (Warning Issued by the Germany BaFin) | Unauthorized Operations / Providing False Information |
| Cubo Markets | Unknown / Offshore | Unregulated | Lack of Transparency / Operating Without a License |
| HRS Investing | Germany | Unregulated (Warning Issued by the Germany BaFin) | Unauthorized Operations / Providing False Information |
| NordValor | France | Unregulated (Warning Issued by the France AMF) | Illegal solicitation (Business Solicitation) |
| Olympus Capital Limited | Spain | Unregulated (Warning Issued by the Spain CNMV) | Illegal Provision of Investment Services |
| Open Gate Trading | Oman | Unregulated (Warning Issued by the Oman FSA) | Unauthorized Financial Services |
| Platinum Finance Ltd | Spain | Unregulated (Warning Issued by the Spain CNMV) | Illegal Provision of Investment Services |
| Prime Verse Broker | Unknown / Offshore | Unregulated | Lack of Transparency / Operating Without a License |
| TP24GLOBAL | UK | Unregulated (Warning Issued by the UK FCA) | Unauthorized Provision of Financial Products |
*Information sourced from official warnings and announcements issued by financial regulators in various countries.
German Federal Financial Supervisory Authority (BaFin): Official warnings have been issued against Broker Eins, HRS Investing, and CMC Trading, accusing these brokers of operating without proper authorization or providing false information to the public.
Spanish National Securities Market Commission (CNMV): Public warnings stated that Platinum Finance Ltd, Olympus Capital Limited, and Balanzfx are not authorized to provide investment services or conduct securities-related activities.
UK Financial Conduct Authority (FCA): Ava Plus Trade, TP24GLOBAL, and Bullish Investment Ique have been added to the warning list for providing financial services or products without authorization.
Oman Financial Services Authority (FSA): A specific warning was issued to alert the public about the risks associated with Open Gate Trading.
Other Unregulated Entities: In addition, Prime Verse Broker and Cubo Markets have also been identified as platforms that are not regulated by any legitimate regulatory authority.
Before depositing any funds, always check the official warning lists issued by your local regulatory authorities. Firmly avoid using any broker that is unlicensed or has been publicly flagged by regulators! If you discover suspicious platforms, actively report them to the relevant authorities. If you have any questions regarding the qualifications of CashBack Island partner brokers, feel free to contact us at any time. Our team will provide detailed explanations and recommendations free of charge to help you stay away from fraudulent platforms and protect the safety of your funds.
