CySEC adds BYTFLEX to its warning list On June 21, 2024, the Cyprus Securities and Exchange Commission (CySEC) added BYTFLEX to its warning list, stating it does not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities. https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=b119d5c1-2ea3-4501-b70e-ce36990d0712

BrokersView has reviewed that BYTFLEX is an unregulated broker BYTFLEX claims to be licensed by the Cyprus Securities and Exchange Commission (CySEC) and Seychelles Financial Services Authority (Seychelles FSA). However, the CySEC has added BYTFLEX to its warning list, refuting its claim of being authorized by them. As for the Seychelles FSA authorization claim, there are no matching records from the authority to substantiate it.In essence, BYTFLEX is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.BYTFLEX appears to be a scam.

BrokersView has identified that BYTFLEX's website is currently offline BrokersView found that the domain "https://bytflex.com/web/index.php" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

Hello, I want to know about BYTFLEX's license plz! BYTFLEX appears to be operating without the required licenses.BYTFLEX alleges it holds licenses from the Cyprus Securities and Exchange Commission (CySEC) and the Seychelles Financial Services Authority (Seychelles FSA). Yet, CySEC has included BYTFLEX on its list of alerts, denying its purported authorization. Furthermore, the Seychelles FSA has no records to back up BYTFLEX's claims of authorization.The indications point to BYTFLEX potentially being a fraudulent operation. It is advised to steer clear of unregulated brokers like BYTFLEX to avoid falling victim to potential fraud schemes. It is recommended to choose fully regulated ones. View Source