The Swiss FINMA adds BeGlobalFund to its warning list On December 29, 2023, the Swiss Financial Market Supervisory Authority (FINMA) issued a warning against BeGlobalFund, stating that this broker is not entered in its commercial register. https://www.finma.ch/en/finma-public/warning-list/beglobalfund/

BrokersView has reviewed that BeGlobalFund is an unregulated broker The website of BeGlobalFund doesn't disclose any information about its regulatory status. This absence of licenses is a red flag.Despite its assertion of being based in Switzerland, it has not adhered to the country's regulations to secure a license from the Swiss Financial Market Supervisory Authority (FINMA). This disregard for compliance has led to its inclusion in FINMA's warning list.In essence, BeGlobalFund 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.BeGlobalFund appears to be a scam.

The BCSC issued a warning against BeGlobalFund On 23 January 2024, the British Columbia Securities Commission (BCSC) issued a warning that BeGlobalFund was providing financial services or products without authorisation. You may visit: https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2024/beglobalfund

Is BeGlobalFund a scam? Indeed, BeGlobalFund appears to be a scam.The BeGlobalFund website does not provide any details about its regulatory standing, which raises concerns due to the lack of licenses. Although it claims to operate from Switzerland, it has failed to comply with the country's rules and obtain a license from the Swiss Financial Market Supervisory Authority (FINMA). This non-compliance has resulted in its name being added to FINMA's alert list.BeGlobalFund is not under the supervision of any regulatory authority. Investing funds with this broker is extremely risky because there are no legal measures to protect the investments. Investors should avoid such unlicensed brokers as BeGlobalFund and choose fully regulated ones instead. View Source