Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
5/10 · ModerateGenuine, active CySEC Tier 2 licence (300/16) verified on the register, but the firm is under a March 2026 CySEC governance measure and was fined twice in 2025 for late filings.
Identity & transparency
5/10 · ModerateReal, disclosed CySEC entity (HE334292), but its only register-listed domain and email have fallen into a third party's hands and the LEI has lapsed.
Withdrawals & conduct
3/10 · LowNo fund-integrity or withdrawal-theft pattern found; only thin, unverified mentions of slow processing, against one positive report.
Reputation
5/10 · ModerateThin public footprint dominated by adverse regulatory news; no warning-list entry and no consumer-fraud pattern.
Website claims
4/10 · ModerateRegulatory claims (CySEC 300/16 and EU passports) are genuine rather than fabricated; the UK FCA passport is historical post-Brexit and the register-listed site is no longer live.
Operational history
4/10 · ModerateVerified operation since 2014 (licensed 2016), but currently unstable: it lost its primary domain and is under a governance restriction.
Who they are
A quick desk file on the company behind the brand.
- Brand: Lydya Financial, which trades under the Forex24 and Forex24 Global brands.
- Legal entity: Lydya Financial Ltd, Cyprus company HE334292.
- Registered: Dimitri Glinou 20, Office 1, 3095 Limassol, Cyprus (the LEI records a Paphos address, so the firm appears to have moved offices).
- Website: The register-listed site, lydyafinancial.com, has lapsed and is now controlled by a third party. The trading brand has used forex24.com and the now-dead lydya-global.com.
- Only licence: CySEC (Cyprus) CIF licence 300/16, a Tier 2 EU regulator, in force since 22 April 2016.
- Offers: CFD and forex trading on MetaTrader 4 and a web platform. The licence also covers order execution and safekeeping of client instruments.
- Not accepted: Not confirmed from a current live site. Its EU passport reportedly covered the EEA except Belgium.
- Age claim: Established 2014, CySEC-licensed 2016, so roughly a ten-year operation.
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: Yes
We confirmed this broker on a genuine regulator’s register.
Licences the broker publishes
CySEC (Cyprus Securities and Exchange Commission)
FCA (UK Financial Conduct Authority)
Why we reached this verdict
How the evidence adds up.
We rate Lydya Financial high risk and unverified. It holds a genuine EU licence, but the firm is under active regulatory pressure and its consumer-facing presence cannot be confirmed as safe today.
- The CySEC register confirms licence 300/16 is active and that the entity, company number and email match, so this is the real regulated firm and not a clone.
- In March 2026 CySEC suspended the voting rights of the sole owner and barred him from management, calling his influence prejudicial to the sound and prudent management of the firm. A regulator does not take control from a 100 percent owner over a minor issue.
- There is a run of compliance failures: a 100 euro fine for the late Q1 2025 QST-CIF form and an 850 euro fine for the late 2024 RBSF-CIF form. Trade press notes that further lapses could put the licence at risk.
- The register-approved domain lydyafinancial.com lapsed and was re-registered by a third party in July 2026, so the firm's official website and email address are no longer under its control.
- The LEI has lapsed, and the brand domain forex24.com is not the domain CySEC lists for the firm, so there is no register-verified live website we could confirm.
- On the other side: no warning-list entry, no enforcement for fraud, and no pattern of refused or stolen withdrawals.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The CySEC register lists Lydya Financial Ltd with CIF licence 300/16, dated 22 April 2016, status active, company registration 334292, phone +357 25 25 22 99, email info@lydyafinancial.com, and www.lydyafinancial.com as its approved domain. This is the genuine regulated firm, and the clone test passes.
Hard proofCySEC registerE2In March 2026 CySEC suspended the voting rights of Lydya's sole owner, David Masika, and barred him from board management, finding his influence prejudicial to the sound and prudent management of the firm. A regulator does not remove a 100 percent owner's control over a trivial matter.
E3CySEC fined the firm twice in 2025 for late regulatory filings: 100 euros for the late Q1 2025 QST-CIF form (Circular C691) and 850 euros for the late 2024 RBSF-CIF form. Trade press notes that further lapses could put the licence at risk.
ModerateCySEC decisions / BrokersViewE4lydyafinancial.com, the only domain CySEC lists for this firm, lapsed and was re-registered through DropCatch.com on 9 July 2026. It now serves an unrelated short-video streaming page, so the firm's official website and registered email address are no longer under its control.
E5The firm's Legal Entity Identifier (213800GJ47NI1547NH25) is lapsed, with renewal due in April 2025, though the entity itself remains active. This is a housekeeping failure consistent with the wider compliance problems.
ModerateGLEIFE6The FCA (782501), BaFin (1349943), CONSOB (4624), ACPR (75980) and CNMV (4373) numbers on the operator's pages are genuine MiFID passport notifications of the one CySEC licence, not separate or borrowed regulators. UK passporting for EEA firms ended after Brexit.
E7The Trustpilot profile for lydyafinancial.com shows a TrustScore of 3.6 from only 2 reviews, with no 1-star reviews and one positive report about onboarding and support. No pattern of refused or stolen withdrawals was found on Trustpilot, Forex Peace Army or Reddit.
ModerateTrustpilotE8Trade press confirms Lydya Financial operates the Forex24 and Forex24 Global brands, and that CySEC has not suspended or withdrawn licence 300/16; the firm may continue operating provided it restructures its governance.
ModerateFinanceFeeds / FX News GroupE9A sweep of regulator warning lists found no entry naming Lydya Financial or its domains. CySEC lists the firm as an authorised investment firm, not on any unauthorised or warning list.
The other side
The strongest case in this broker’s favour.
Here is the honest case that Lydya Financial is simply a small, troubled but real broker rather than a scam:
- It holds a genuine, active CySEC Tier 2 licence with EU investor-compensation cover, verified on the regulator's own register.
- CySEC's actions are prudential and administrative (governance and late filings), not findings of fraud or of missing client money, and CySEC has left the licence in force and allowed the firm to keep operating if it fixes its governance.
- The drama-clip page now on lydyafinancial.com is an unrelated party that grabbed the lapsed domain. It is not the broker's doing and is not an impersonation of the broker.
- The FCA, BaFin, CONSOB, ACPR and CNMV numbers on its pages are genuine EU passport notifications of the one CySEC licence, not fake or borrowed regulators.
- The firm is genuinely long-established (since 2014), there is a positive service review, and we found no credible pattern of withdrawal refusals.
What would change this
What we would need to see to revise the verdict.
What would move this verdict, in either direction:
- Toward safer: CySEC lifting the March 2026 governance restriction and the firm restoring a stable, register-approved live website; a renewed LEI; and continued evidence of clean, timely withdrawals.
- Toward worse: CySEC suspending or withdrawing licence 300/16; a cluster of specific, dated withdrawal-refusal complaints; the lapsed lydyafinancial.com domain being turned into a fake login or a clone of the broker; or any regulator warning-list entry naming the firm or its domains.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
CySEC register: Lydya Financial Ltd (licence 300/16)
The regulator's own record, showing the licence and its active status.
CySEC decisions and announcements
Where CySEC publishes its fines and the governance action against this firm.
GLEIF LEI record for Lydya Financial Ltd
Company identity and the lapsed LEI status.
FCA Financial Services Register
Check the UK passport reference; note that UK passporting for EEA firms ended after Brexit.
Forex24 licences page (operator disclosure)
The operator's own regulatory disclosure for its trading brand.
Frequently asked questions
Quick answers about this broker’s safety.
Is Lydya Financial a scam?
No, not in the ordinary sense. It is a real Cyprus firm regulated by CySEC (licence 300/16), and we found no regulator warning and no evidence of fund theft. But it is under a CySEC governance action and has lost control of its official website, so we rate it high risk, not safe.
Is Lydya Financial a fraud?
We found no fraud finding against it. No regulator has issued a fraud warning, there is no enforcement action for fraud, and no court record of fraud names the firm. CySEC's actions concern governance and late filings, not fraud. We do not call it a fraud.
Is Lydya Financial regulated?
Yes. Lydya Financial Ltd holds CySEC CIF licence 300/16, active since April 2016 and confirmed on the CySEC register. CySEC is an EU (Tier 2) regulator, and the firm passported this licence across the EEA.
What did CySEC do to Lydya Financial?
In March 2026 CySEC suspended the voting rights of its sole owner, David Masika, and barred him from managing the board, saying his influence was prejudicial to the sound and prudent management of the firm. It also fined the firm twice in 2025 for late regulatory filings. The licence stayed active.
Can I withdraw my money from Lydya Financial?
We found no pattern of refused or stolen withdrawals, and one user reported a smooth experience. But the firm is in regulatory difficulty and its official site is no longer live, so we cannot assume withdrawals run smoothly today. Request any withdrawal early and keep records.
Is my money safe with Lydya Financial?
As a CySEC firm it must keep client money separate and it belongs to the Investor Compensation Fund, which can pay eligible clients up to 20,000 euros if the firm fails. That is real protection, but the current governance problems and the loss of its official domain are reasons for caution.
Why does lydyafinancial.com show a video or drama site?
The firm's domain lapsed and was re-registered by an unrelated third party in July 2026. That party now runs a short-video streaming page on it. It is not the broker and is not run by the broker. Do not enter any personal or account details there.
What is Forex24 and how does it relate to Lydya Financial?
Forex24 and Forex24 Global are the trading brands operated by Lydya Financial Ltd. Note that the domain CySEC lists for the firm is lydyafinancial.com, not forex24.com, so confirm any website against the firm's register-listed details before you use it.
Is the FCA (UK) regulation real?
The FCA number 782501 is a genuine EU passport notification of the CySEC licence, not a separate UK licence. UK passporting for EEA firms ended after Brexit, so it should not be read as current UK FCA authorisation. The same applies to the BaFin, CONSOB, ACPR and CNMV numbers.
Is Lydya Financial a clone of another broker?
No. The licence number, company number and contact details match the real Lydya Financial Ltd on the CySEC register, so this is the genuine firm and not an impersonator. The unrelated site now on its old domain is a separate matter.
How old is Lydya Financial?
The company was set up in Cyprus in 2014 and licensed by CySEC in 2016, so it is roughly a ten-year-old operation, not a new one.
What should I check before depositing, and what if I have a problem?
Confirm licence 300/16 on the CySEC register, and only use a website whose details match the register. If you cannot withdraw or reach the firm, complain to CySEC and, in the EEA, to your local regulator, and keep dated evidence of every request.
What we recommend
The practical takeaway from everything above.
If you are considering or already using this broker, treat it with real caution:
- Do not send new money until the firm shows a stable, CySEC-approved live website and its governance situation is resolved.
- Do not trust lydyafinancial.com or emails from info@lydyafinancial.com. That domain is now controlled by a third party, so treat anything sent there as unsafe.
- If you already hold funds with the firm, request a withdrawal and keep dated records of every request and reply.
- Verify the licence yourself on the CySEC register (licence 300/16), and only use a website whose details match the firm's register-listed record.
- If you cannot withdraw, complain to CySEC and, if you are in the EEA, to your local financial regulator.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed September 10, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.