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CoMo Trade

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Risk Level - High

Scam Evidence & Warnings

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BrokersView has Reviewed that Co Mo Trade is an Unregulated Broker According to its website, Co Mo Trade claims it is authorized and regulated by the Financial Services Authority of Kyrgyzstan under registration number 0011, however, the regulatory bureau does not supervise financial derivatives, so Co Mo Trade has no effective supervision. The truth is that Co Mo Trade 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. Therefore, Co Mo Trade is a scam.

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Can't log in my Co-Mo Trade account Dear Investor, We do not recommend trading with CoMo Trade due to a lack of valid regulatory authorization and broker licenses. Although the platform claims to be a regulated broker, it has not provided any specific regulatory details, making it impossible to verify which jurisdiction has authorized it. The only information available is its claim of being based in Kyrgyzstan. However, upon verification, this broker has clearly not been authorized by the National Bank of the Kyrgyz Republic (NBKR), let alone holding licenses from any other international regulatory authorities. Therefore, CoMo Trade is highly likely to operate without any regulatory oversight. We strongly advise you to exercise extreme caution and avoid engaging in any transactions with such an unlicensed broker to protect your financial security. View Source

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