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CommonDigital

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Operating status: SCAM

Website: https://www.commondigital.eu/

Broker violations and abnormal records
  • 2024-07-24 The CSSF issues a warning against CommonDigital

    On July 25, 2024, Commission de Surveillance du Secteur Financier (CSSF) issues a warning about the fraudulent activities carried out by the entity CommonDigital. https://www.cssf.lu/en/2024/07/warning-concerning-the-website-www-commondigital-eu/

    On July 25, 2024, Commission de Surveillance du Secteur Financier (CSSF) issues a warning about the fraudulent activities carried out by the entity CommonDigital. https://www.cssf.lu/en/2024/07/warning-concerning-the-website-www-commondigital-eu/
  • 2024-07-28 BrokersView has reviewed that CommonDigital is an unregulated broker

    According to its website, it displayed two addresses. One is in the UK. Upon investigation, no matching information was found in the Financial Conduct Authority (FCA). Another is Luxemburg, however, we found that the Commission de Surveillance du Secteur Financier (CSSF) issues a warning about the fraudulent activities carried out by the entity CommonDigital.

    In essence, CommonDigital 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.

    CommonDigital appears to be a scam.

    According to its website, it displayed two addresses. One is in the UK. Upon investigation, no matching information was found in the Financial Conduct Authority (FCA). Another is Luxemburg, however, we found that the Commission de Surveillance du Secteur Financier (CSSF) issues a warning about the fraudulent activities carried out by the entity CommonDigital.In essence, CommonDigital 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.CommonDigital appears to be a scam.

Related Complaints

Q&A

Is CommonDigital a safe option?

Enid Montero
Antarctica
2024-07-31
ANSWER No, CommonDigital is risky.The broker claims to have offices in both the UK and Luxemburg. However, there are no corresponding records from the UK's Financial Conduct Authority (FCA) to support its legitimacy in the country, and the Commission de Surveillance du Secteur Financier (CSSF) of Luxemburg has issued a warning against CommonDigital, noting that the entity is not under their supervision.Therefore, CommonDigital cannot be trusted. Investors dealing with it may run risk of losing their funds without a way to get refunds. To have a safer trading environment, it is strongly advised to choose fully regulated brokers over unregulated ones like CommonDigital.
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