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Operating status: SCAM
Website: https://front-management24.com/eu/
On 17 Feb 2023, the Germany Federal Financial Supervisory Authority (BaFin) issued a warning that Front Management did not have authorisation under the KWG to conduct banking business or provide financial services. You may visit: https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2023/meldung_2023_02_13_Front_Management_en.html
Front Management claims to be an international brand name established in 2020 that offers through its regulated entities global multi-asset financial services. But when we checked its domain, we found it was newly created in 2023. So how could it start its business in 2020? It is a red flag here.
Besides, Front Management claims to be licensed by the Cyprus Securities and Exchange Commission (CySEC). However, we did not find any match results for toforhis broker in CySEC.
Moreover, the Germany Federal Financial Supervisory Authority (BaFin) issued a warning that Front Management did not have authorization under the KWG to conduct banking business or provide financial services.
The truth is that Front Management 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.
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