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CySEC Warning

Is FundedNow Prop a Scam?

FundedNow Prop was flagged by CySEC (Cyprus) on April 2024. Cited reason: Unauthorized prop trading firm.

What this warning means

Cyprus's Securities and Exchange Commission (CySEC) — a common EU licensing hub for CFD brokers — publishes warnings against entities providing investment services without a CySEC license, including clone firms impersonating genuinely CySEC-regulated brands.

Verify this warning yourself

We publish what the warning list says — we do not investigate firms independently beyond it. Check the source directly, and treat the regulator's own live register as authoritative over this page.

How to protect yourself

  • Verify any broker's license number directly on the regulator's own public register — never rely on a logo or claim shown on the firm's own website.
  • Watch for "clone firm" tactics: copying the name, address, or license number of a real regulated broker.
  • Never wire funds, send crypto, or share remote-access software with a firm you cannot verify on an official regulator register.
  • Use our Scam Broker Protect tool to check a name against our full watchlist before you deposit.

Verified regulated alternatives

These brokers are ones we've vetted and verified — regulated, with real trading track records, unlike FundedNow Prop.

Exness
Exness
★★★★★ 4.5/5
Visit ExnessReview
GO Markets
GO Markets
★★★★★ 4.5/5
Visit GO MarketsReview
MultiBank
MultiBank
★★★★★ 4.6/5
Visit MultiBankReview
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We track hundreds of flagged entities like FundedNow Prop and add new regulator warnings (FCA, ASIC, CFTC, CySEC and more) every week. Get the full watchlist, plus an email the moment a new one is flagged — so you can check before you deposit.

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Frequently asked questions

FundedNow Prop was flagged by CySEC (Cyprus) on April 2024. That warning means it is not shown as authorized to provide the financial services it offers in the jurisdiction that warning covers. Always verify a firm's license directly on the regulator's own register before depositing.

Stop sending further funds, keep records of all communications and transactions, and report the firm to the regulator that issued the warning (CySEC (Cyprus)) as well as your local financial regulator and, if a bank transfer or card was used, your bank or card issuer. Our /scam-broker-protect tool lists reporting contacts for major regulators.

This page reflects a warning entry compiled from public regulatory warning lists and industry watchlists: CySEC (Cyprus), dated April 2024. We do not independently investigate every entity beyond what the regulator has published — always check the regulator's own live register for the current status.

Many entities on regulator warning lists are "clone firms" that copy the name, branding, or website of a genuinely licensed broker to confuse traders. If you were expecting to deal with a well-known regulated broker, verify you are on that broker's official, regulator-listed domain before depositing.

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Reviewed by BrokerAnalysis Research Desk, fact-checked by BrokerAnalysis Editorial Team. Sourced from public regulator warning lists — see our methodology. If you believe this listing is inaccurate, contact us.