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ARIEL

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Operating status: SCAM

Website: https://arielsystem.pro/

Broker violations and abnormal records
  • 2023-05-03 The Luxembourg regulator CSSF issued a warning against ARIEL

    On May 4, 2023, the Commission de Surveillance du Secteur Financier (CSSF) issued a warning against ARIEL, citing that this broker is not supervised by the CSSF and has not been granted any authorisation to provide investment services or other financial services in or from Luxembourg: https://www.cssf.lu/en/2023/05/warning-concerning-the-website-http-arielsystem-pro/

    On May 4, 2023, the Commission de Surveillance du Secteur Financier (CSSF) issued a warning against ARIEL, citing that this broker is not supervised by the CSSF and has not been granted any authorisation to provide investment services or other financial services in or from Luxembourg: https://www.cssf.lu/en/2023/05/warning-concerning-the-website-http-arielsystem-pro/
  • 2023-05-04 BrokersView has reviewed that ARIEL is an unregulated broker

    ARIEL displays the LEI code 549300ZGYRJJ6TOW3055 on its homepage to appear legitimate. Although we did find it in the LEI register, it is important to note that brokers operating in Luxembourg must obtain authorization from the Commission de Surveillance du Secteur Financier (CSSF) to provide financial services or products legally. However, the CSSF has issued a warning against ARIEL, citing that this broker is not supervised by the CSSF and has not been granted any authorization to provide investment services or other financial services in or from Luxembourg.

    In essence, ARIEL is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    ARIEL displays the LEI code 549300ZGYRJJ6TOW3055 on its homepage to appear legitimate. Although we did find it in the LEI register, it is important to note that brokers operating in Luxembourg must obtain authorization from the Commission de Surveillance du Secteur Financier (CSSF) to provide financial services or products legally. However, the CSSF has issued a warning against ARIEL, citing that this broker is not supervised by the CSSF and has not been granted any authorization to provide investment services or other financial services in or from Luxembourg.In essence, ARIEL is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
  • 2023-11-29 The Italian CONSOB orders the blackout of Ariel's website

    On November 30, 2023, the Italian Companies and Exchange Commission (CONSOB) ordered Ariel's website to be blacked out since it offers financial services illegally. https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-30-november-2023/718268

    On November 30, 2023, the Italian Companies and Exchange Commission (CONSOB) ordered Ariel's website to be blacked out since it offers financial services illegally. https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-30-november-2023/718268

Related Complaints

Q&A

What should I do if I want to know its licenses?

Mengay
Lebanon
2023-05-08
ANSWER ARIEL is an unlicensed broker that we advise against trading with, despite the seemingly attractive deals it offers.ARIEL's homepage prominently displays its LEI code, 549300ZGYRJJ6TOW3055, which is registered and can be verified in the Legal Entity Identifier (LEI) database. However, it's crucial to note that the LEI is a reference code — like a bar code — used across markets and jurisdictions to uniquely identify a legally distinct entity that engages in a financial transaction. It is not a license or authorization to operate legally in the financial services industry. According to the LEI website, ARIEL is owned by ARIEL SPF SA in Luxembourg. Brokers who wish to offer financial products or services in Luxembourg, as required by law, must obtain approval from the Commission de Surveillance du Secteur Financier (CSSF) to operate legally. However, ARIEL has not received any authorization from the CSSF to provide financial or investment services, as stated in the CSSF's warning. You can check the full warning here. As such, ARIEL is not supervised by the CSSF and is not allowed to offer any financial products or services in or from Luxembourg without the necessary authorization.Regarding your question, if you want to know its licenses, you can refer to our full review of ARIEL. We have confirmed that it is an unlicensed broker. Dealing with an unlicensed broker like ARIEL involves significant risks, such as fraud and identity theft, which could be financially and personally devastating. To avoid such risks, investors are encouraged to choose fully regulated brokers only.
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