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Operating status: SCAM
Website: https://asteo-group.com
On November 7th, 2024, the Commission de Surveillance du Secteur Financier (CSSF) issued a warning about Asteo Trade, stating that Asteo Trade 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. https://www.cssf.lu/en/2024/11/warning-concerning-fraudulent-activities-by-persons-misusing-the-name-of-asteo-luxembourg-s-a/.
Asteo Trade claims to be a trade name operated by Asteo Luxembourg, is a broker authorized and regulated by the The Commission De Surveillance Du Secteur Financier (CSSF) in the Luxembourg, offering a range of investment products to traders, including Stocks, Indices, Forex, Commodities, Bonds, ETFs and more instruments for trading in global markets.
Upon investigation, we found that ASTEO LUXEMBOURG S.A.'s registration has expired in CSSF, so Asteo Tradeis not authorized and regulated by the CSSF. And the Commission de Surveillance du Secteur Financier (CSSF) issued a warning about Asteo Trade, stating that Asteo Trade 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.
The truth is that Asteo Trade is not regulated by any regulators. Letting it hold or control investors'money is unsafe, and the money can not be protected by any laws.
Asteo Trade is a scam.
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