The website of BeGlobalFund doesn't disclose any information about its regulatory status. This absence of licenses is a red flag.
Despite its assertion of being based in Switzerland, it has not adhered to the country's regulations to secure a license from the Swiss Financial Market Supervisory Authority (FINMA). This disregard for compliance has led to its inclusion in FINMA's warning list.
In essence, BeGlobalFund 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.
BeGlobalFund appears to be a scam.
The website of BeGlobalFund doesn't disclose any information about its regulatory status. This absence of licenses is a red flag.Despite its assertion of being based in Switzerland, it has not adhered to the country's regulations to secure a license from the Swiss Financial Market Supervisory Authority (FINMA). This disregard for compliance has led to its inclusion in FINMA's warning list.In essence, BeGlobalFund 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.BeGlobalFund appears to be a scam.