The Cyprus regulator CySEC Has Withdrawn the CIF authorisation of Bogofinance Capital Markets Ltd The Cyprus Securities and Exchange Commission (CySEC) announces that, on its meeting of 23rd November 2020, it has decided, pursuant to section 8(1)(a) of the Investment Services and Activities and Regulated Markets Law of 2017 and section 4(7) of Directive DI87-05, to withdraw the Cyprus Investment Firm authorisation with Number 321/17 of Bogofinance Capital Markets Ltd ("the Company"), due to the Company's decision to expressly renounce it. You may visit: https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=64641550-1125-4318-afd3-6839431f1406 for more details.

BrokersView has found that Bogofinance appears to be a scam Bogofinance claims to be authorized by the Central Bank of Lebanon(CBL). However, our search of the official CBL licensee register found no record of it or the stated licence. This discrepancy strongly suggests that the firm’s regulatory claims are inaccurate or deliberately misleading. Besides, Bogofinance does not provide any other licensing information. Until verifiable evidence of legitimate authorization is provided, we assess Bogofinance as a likely unlicensed or fraudulent broker and advise extreme caution.

BrokersView has identified that Bogofinance's website is currently offline BrokersView found that the domain "https://www.bogofinance.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.