The Spanish CNMV issued a warning against ADRSWAP On May 22, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added ADRSWAP to its warning list for it providing investment services without authorization: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0

BrokersView has reviewed that ADRSWAP is an unregulated broker ADRSWAP fails to provide essential company information and licensing data, a clear indicator of scam. It is typical for legitimate brokers to disclose their accreditation and licenses prominently, whereas ADRSWAP lacks such information. This is a red flag. In addition, the Comisión Nacional del Mercado de Valores (CNMV) added ADRSWAP to its warning list for it providing investment services without authorization.In essence, ADRSWAP is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.