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PEVOBITEX's trading condition sounds good. Is PEVOBITEX safe?
Olga Daniel
Pakistan
2023-09-04
ANSWER Despite the enticing trading condition, PEVOBITEX is not safe for investors to trade because it is an unlicensed broker.We have searched the database of Companies House (CH) and confirmed that PEVOBITEX's certificate from the CH is fake, as there isn't a firm called Pevobitex LTD. Furthermore, shell incorporation in any jurisdiction is meaningless.If PEVOBITEX wants to legally solicit investors in the UK, it is required to be registered with the Financial Conduct Authority (FCA). However, the FCA has issued a warning against PEVOBITEX, saying it is not authorized by the FCA and illegally targets British residents.Therefore, PEVOBITEX is not a safe choice. Without regulatory oversight, there are no rules in place to protect investors dealing with the platform from fraud or identity theft. As such, we strongly suggest investors stay away from such unlicensed brokers as PEVOBITEX and instead choose a fully regulated one.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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