Safinogroup  Broker Alert

Safinogroup 

safinogroup.com

On May 16th, 2024, BrokerComplaintRegistry received notice about a possible scam through its CRM. The broker in question is called Safinogroup. This broker has been flagged by the Financial Conduct Authority (FCA) and the International Organization of Securities Commissions (IOSCO) for potentially providing financial services without proper authorization. This raises significant concerns about their legitimacy and the safety of your funds.

Safinogroup’s website uses the following URL: safinogroup.com. The website contains questionable claims about guaranteed profits and a focus on “fearless trading.” This lack of transparency and focus on unrealistic gains are common red flags for potential scams.

Avoid Safinogroup: Due to the regulatory warnings and lack of transparency, it’s strongly recommended to avoid using Safinogroup for any investment or trading activity. 

If you have been scammed by this broker, gather all the evidence you can to support your claim. This includes all communication records, bank statements showing deposits or withdrawals related to the broker, and any promotional material or contracts you received from the broker. 

Report the Scam: File a report with your local law enforcement agency. This documents the crime and helps build a case against the broker. Depending on your location, report to the relevant regulatory agencies overseeing crypto activity. The Securities and Exchange Commission (SEC) in the US and the Financial Conduct Authority (FCA) in the UK are examples.

File a complaint with BrokerComplaintRegistry to further pursue the broker and assist you in the process of fund recovery.