The Seychelles FSA issued a Warning against COF GLOBOL and/or COF On 17 June 2024, the Financial Services Authority of Seychelles (FSA) issued a warning against COF (www.cofglobol.com), believing this company might be providing financial services or products without authorisation. You may visit : https://fsaseychelles.sc/media-corner/regulatory-updates/scam-alert-cof-globol-fraudulent-company-the-fraudulent-company-and-unauthorized-use-of-website-the-unlawful-websites.
COF
VisitRisk Level - High
COF
Risk Level - High
Scam Evidence & Warnings
BrokersView has Reviewed that COF is an Unregulated Broker COF claims to be a broker supervised by three major financial institutions: the Australian Securities and Investment Commission (ASIC), the New Zealand Financial Market Authority (FMA) and the Vanuatu Financial Services Commission (VFSC), also licensed by the Money Services Business (MSB) and the National Futures Association (NFA) in the US, offering wide range of financial services, including Forex, Commodities, Indices, Digital Currencies, Futures and more instruments in global markets. But our search of the ASIC, FMA, VFSC, MSB and NFA yielded no results. Please note that the MSB in the US is only for currency exchange business and cannot provide foreign exchange margin business. It does not have authorization and regulatory authority for financial derivatives.The Financial Services Authority of Seychelles (FSA) issued a warning against COF (www.cofglobol.com), believing this company might be providing financial services or products without authorisation.The truth is that COF is not regulated by any regulators. Letting it hold or control investors'money is unsafe, and the money can not be protected by any laws.COF is a scam.
The NZ FMA issues a warning against COF On July 25, 2024, the New Zealand Financial Markets Authority (FMA) issued a warning against COF, stating that this company is not registered or licensed to provide its services to New Zealand residents and suspecting it as a scam. You may visit: https://www.fma.govt.nz/library/warnings-and-alerts/cofglobol-com/.
BrokersView has identified that COF's website is currently offline BrokersView found that the domain "https://www.cofglobol.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.
Any warning against COF? COF has received a warning from the Financial Services Authority of Seychelles (FSA Seychelles).Despite claims of being multi-regulated, our investigation reveals that COF's regulatory assertions are unfounded. Moreover, the FSA Seychelles has explicitly warned that COF is unlicensed and poses significant risks.Considering this, engaging with COF could jeopardize your finances. We strongly recommend avoiding COF and opting for fully regulated brokers to ensure the safety of your investments. View Source
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