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RoboFund
On November 29, 2024, the Federal Financial Supervisory Authority (BaFin) warned consumers about the website robofund.net, stating the operator is providing financial and investment services on this website without the required authorization. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2024/meldung_2024_11_25_robofund_net_en.html;jsessionid=A2299321D2AEA609CBB5A5614E62473F.internet971
On November 29, 2024, the Federal Financial Supervisory Authority (BaFin) warned consumers about the website robofund.net, stating the operator is providing financial and investment services on this website without the required authorization. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2024/meldung_2024_11_25_robofund_net_en.html;jsessionid=A2299321D2AEA609CBB5A5614E62473F.internet971According to its website, it is based in Saint Lucia. As we all know, Saint Lucia does not have the authority to regulate forex. Secondly, the phone number it provides is in the UK area code +44, but we did not find any matching information from the Financial Conduct Authority (FCA).
In addition, the Federal Financial Supervisory Authority (BaFin) warned consumers about the website robofund.net, stating the operator is providing financial and investment services on this website without the required authorization.
In essence, RoboFund 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.
RoboFund appears to be a scam.
According to its website, it is based in Saint Lucia. As we all know, Saint Lucia does not have the authority to regulate forex. Secondly, the phone number it provides is in the UK area code +44, but we did not find any matching information from the Financial Conduct Authority (FCA). In addition, the Federal Financial Supervisory Authority (BaFin) warned consumers about the website robofund.net, stating the operator is providing financial and investment services on this website without the required authorization. In essence, RoboFund 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. RoboFund appears to be a scam.
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