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Monte Verde

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Operating status: SCAM

Website: https://monte-verde.ch/

Broker violations and abnormal records
  • 2023-06-12 The German BaFin issued a warning against Monte Verde

    On June 13, 2023, the Federal Financial Supervisory Authority (BaFin) issued a warning against Monte Verde, suspecting that it is offering consumers financial and investment services via website verde.ch without the required authorization: https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2023/meldung_2023_06_12_monte_verde_ch_en.html.

    On June 13, 2023, the Federal Financial Supervisory Authority (BaFin) issued a warning against Monte Verde, suspecting that it is offering consumers financial and investment services via website verde.ch without the required authorization: https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2023/meldung_2023_06_12_monte_verde_ch_en.html.
  • 2023-06-13 BrokersView has reviewed that Monte Verde is an unregulated broker

    Monte Verde fails to disclose its regulatory information and licensing data, which is a significant scam indicator. Legitimate brokers always prominently display their accreditation and licenses to instill trust and transparency, whereas the lack of information thereof may suggest the status as an unlicensed broker. This is a red flag. According to its website, Monte Verde purports to have an office in Austria, where brokers are required to be authorized and regulated by the Austrian Financial Market Authority (FMA). However, our search for this company in the FMA register found no matching entries. This means that Monte Verde falls outside the regulatory framework. In addition, the German Federal Financial Supervisory Authority (BaFin) issued a warning against Monte Verde for offering financial and investment services in the absence of required authorization.

    In essence, Monte Verde 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.

    Monte Verde fails to disclose its regulatory information and licensing data, which is a significant scam indicator. Legitimate brokers always prominently display their accreditation and licenses to instill trust and transparency, whereas the lack of information thereof may suggest the status as an unlicensed broker. This is a red flag. According to its website, Monte Verde purports to have an office in Austria, where brokers are required to be authorized and regulated by the Austrian Financial Market Authority (FMA). However, our search for this company in the FMA register found no matching entries. This means that Monte Verde falls outside the regulatory framework. In addition, the German Federal Financial Supervisory Authority (BaFin) issued a warning against Monte Verde for offering financial and investment services in the absence of required authorization.In essence, Monte Verde 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.

Related Complaints

Q&A

Is Monte Verde been warned ?

Varinder S
Honduras
2023-08-24
ANSWER Yes, Monte Verde has been warned by the German Federal Financial Supervisory Authority (BaFin).The failure of Monte Verde to disclose its regulatory information and licensing data throws a red flag to investors. Legitimate brokers always prominently display their accreditation and licenses to instill trust and transparency, whereas the lack of information thereof may suggest the status as an unlicensed broker.On its website, Monte Verde purports to have an office in Austria, where brokers are required to be authorized and regulated by the Austrian Financial Market Authority (FMA). However, our search for this company in the FMA register found no matching entries. In addition, the BaFin has issued a warning against Monte Verde for offering financial and investment services in the absence of required authorization.Therefore, Monte Verde is an illegal platform. Investors dealing with the platform are exposed to significant risks, such as financial losses and identity theft. To mitigate such risks, it is advisable to steer clear of such illegal platforms as Monte Verde and instead choose a fully regulated one.
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