ANSWER An unlicensed broker, Encounter Finance Ltd is not a safe choice for investment and is not trustworthy.While Encounter Finance Ltd marks itself as an established broker since 2016, our investigation revealed that its domain enctops.com was first registered in March, 2023. Such a contradictory situation is a red flag.In addition, the Comisión Nacional del Mercado de Valores (CNMV) has added Encounter Finance Ltd to its warning list for providing investment services without authorization.As a result, Encounter Finance Ltd is an unlicensed broker that comes with significant risks, such as financial losses and identity theft, as there are no rules in place to protect investors from fraud or theft. Therefore, we strongly suggest investors stay away from unlicensed brokers like Encounter Finance Ltd and instead choose a fully regulated one.
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