Is Cheonan International Limited a Scam Broker? 

Like many other brokers, Cheonan International Limited uses a friendly bot to greet visitors to the site and provide information and services. However, tools like this should not obscure the real issue–that Cheonan International Limited is an unregulated broker that makes false claims about licensing. After looking closely at this broker, its friendly exterior rings false and it is best to stay away. 

Is Cheonan International Limited a Scam or Legit Broker?

Cheonan International Limited claims it is located in the UK and says it is run by Blackwell Global Industries which has an FCA license. However, Blackwell Global Industries does not run Cheonan International Limited and it does not have an FCA license. In many ways, it is more pernicious to make false claims of licensing than to provide no information at all, because the purpose is to mislead clients. This is a very poor tactic, but unfortunately, it is not uncommon. Always double-check licensing information on the regulator’s site. 

Here are some problems we have discovered from our research on Cheonan International Limited and reviews:  

• Not regulated
• Falsely claims of regulation
• Exaggerated promises
• No contact information

Our experts do not recommend Cheonan International Limited.  We encourage visitors to do research, read our broker reviews, and select regulated brokers. If you have been scammed by Cheonan International Limited or any other broker, contact Broker Complaint Registry right away and we can advise you on fund recovery