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What is the excution mode on GENEVE MARKETS?
Evgeny Rozhkov
India
2024-06-26
ANSWER GENEVE MARKETS is not a safe option for investors as it is operating in an unregulated environment. The platform purports to have been established in 2009, yet a discrepancy arises as the domain name registration dates back only to 2014. Furthermore, the website lacks readily accessible regulatory information for investor verification, prompting caution among potential investors.Compounding these concerns, the Comisión Nacional del Mercado de Valores (CNMV) has reportedly included GENEVE MARKETS on its warning list due to the provision of investment services without proper authorization.In light of these findings, it is evident that GENEVE MARKETS operates without regulation from any recognized authority, which poses a high risk for investors since there are no legal mechanisms to protect their funds. Therefore, it is strongly advised to steer clear of unregulated brokers like GENEVE MARKETS and instead opt for fully regulated ones.
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Is GENEVE MARKETS a reliable broker?
Nikki Shevel
Switzerland
2024-05-15
ANSWER No, Geneve Markets is not reliable.This broker fails to provide any licensing information to substantiate its legitimacy, suggesting that it may be operating in an unregulated environment. Contrary to its claims of being founded in 2009, its domain name was registered as recently as March 2024. This inconsistency raises a red flag, casting doubts on the credibility of Geneve Markets. Adding to these concerns, the Comisión Nacional del Mercado de Valores (CNMV) has added Geneve Markets to its warning list for providing investment services without proper authorization.Investors are strongly advised to steer clear of Geneve Markets to avoid the risk of losing funds to a potential scam. For a safer trading environment, it is recommended to choose fully regulated brokers.
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