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KUNDERBANK has license or not? It's important to me!
Pimphong
Sweden
2023-08-02
ANSWER KUNDERBANK doesn't have any license to offer investment services/products, and it even carries a warning issued by the Italian Companies and Exchange Commission (CONSOB) due to its illegal operations. As such, we strongly suggest you avoid this fraudulent platform.KUNDERBANK provides an address in Canada to appear legitimate. However, we searched the database of the Investment Industry Regulatory Organization of Canada (IIROC) but unable to find any matching record. This means it is operating without required authorization.Furthermore, the CONSOB has ordered the blackout of KUNDERBANK's websites since it offers financial services illegally. You can find more information here.In conclusion, KUNDERBANK is an unlicensed broker that comes with significant risks such as financial losses and identity theft, as there are no rules in place to safeguard them. Therefore, investors are advised against trading with unlicensed brokers like KUNDERBANK and instead to choose a fully regulated one.
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