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Safe Holdings

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Operating status: SCAM

Website: https://www.safe-holdings.com

Broker violations and abnormal records
  • 2023-04-26 The Canada regulator IIROC issued a warning against Safe Holdings

    On April 27, 2023, the Investment Industry Regulatory Organization of Canada (IIROC) issued a warning against Safe Holdings, stating that this broker is not a member of New SRO and was never registered with IIROC to trade or sell any investment products: https://www.iiroc.ca/news-and-publications/notices-and-guidance/investor-alert-safe-holdings

    On April 27, 2023, the Investment Industry Regulatory Organization of Canada (IIROC) issued a warning against Safe Holdings, stating that this broker is not a member of New SRO and was never registered with IIROC to trade or sell any investment products: https://www.iiroc.ca/news-and-publications/notices-and-guidance/investor-alert-safe-holdings
  • 2023-04-27 BrokersView has reviewed that Safe Holdings is an unregulated broker

    Safe Holdings claims to be operated by 123 Media LTD, registered with the Financial Services Authority of St. Vincent and Grenadines (SVG FSA) under registration number 26186 BC 2021. We did find records in the SVG FSA register matching this company, however, it should be noted that this authority does not issue any licenses to carry on the business of forex trading or brokerage or binary options trading nor regulate, monitor, supervise or license international business companies (IBCs) which engage in such activities. This means the registration with SVG FSA doesn't support Safe Holdings' reliability and legitimacy in forex markets. This broker also displays on its homepage logos of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF) to falsely imply it is regulated by the IIROC. However, the IIROC has issued a warning against this broker, stating that it is not a member of New SRO and was never registered with IIROC to sell forex or crypto assets, or any other investment products.

    In essence, Safe Holdings 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.

    Safe Holdings claims to be operated by 123 Media LTD, registered with the Financial Services Authority of St. Vincent and Grenadines (SVG FSA) under registration number 26186 BC 2021. We did find records in the SVG FSA register matching this company, however, it should be noted that this authority does not issue any licenses to carry on the business of forex trading or brokerage or binary options trading nor regulate, monitor, supervise or license international business companies (IBCs) which engage in such activities. This means the registration with SVG FSA doesn't support Safe Holdings' reliability and legitimacy in forex markets. This broker also displays on its homepage logos of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF) to falsely imply it is regulated by the IIROC. However, the IIROC has issued a warning against this broker, stating that it is not a member of New SRO and was never registered with IIROC to sell forex or crypto assets, or any other investment products.In essence, Safe Holdings 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.

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