Comovest claims to be one of the largest CFD Trading brands around while presenting no details about its regulations. Lacking regulatory information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their certificates and licenses in a prominent position. It is a red flag here.
Besides, Comovest shows its company address is in the United Kingdom. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). However, we did not find any match results for this broker in FCA.
Moreover, the British Columbia Securities Commission (BCSC) issued a warning that Comovest was not registered to trade in, or advise on, securities or derivatives in BC.
The truth is that Comovest is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
Comovest claims to be one of the largest CFD Trading brands around while presenting no details about its regulations. Lacking regulatory information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their certificates and licenses in a prominent position. It is a red flag here.Besides, Comovest shows its company address is in the United Kingdom. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). However, we did not find any match results for this broker in FCA.Moreover, the British Columbia Securities Commission (BCSC) issued a warning that Comovest was not registered to trade in, or advise on, securities or derivatives in BC.The truth is that Comovest is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.