The British Columbia BCSC Added Comovest into Its Warnings On 6 Feb 2023, the British Columbia Securities Commission (BCSC) issued a warning that Comovest was not registered to trade in, or advise on, securities or derivatives in BC. You may visit: https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2023/comovest

BrokersView has Reviewed that Comovest is an Unregulated Forex Broker Comovest claims to be one of the largest CFD Trading brands around while presenting no details about its regulations. Lacking regulatory information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their certificates and licenses in a prominent position. It is a red flag here.Besides, Comovest shows its company address is in the United Kingdom. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). However, we did not find any match results for this broker in FCA.Moreover, the British Columbia Securities Commission (BCSC) issued a warning that Comovest was not registered to trade in, or advise on, securities or derivatives in BC.The truth is that Comovest is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

The Belgian FSMA added Comovest to its warning list On June 5, 2023, the Belgian Financial Services and Markets Authority (FSMA) added Comovest to its warning list as a fraudulent trading platform: https://www.fsma.be/en/warnings/beware-these-new-fraudulent-trading-platforms-0

The OSC issued a warning against Comovest On June 5, 2023, the Ontario Securities Commission (OSC) issued a warning against Comovest, stating that this broker is not registered in Ontario to engage in the business of trading in securities: https://www.osc.ca/en/investors/warnings/comovest

BrokersView has identified that Comovest's website is currently offline BrokersView found that the domain "Comovest" 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.

Can we trust Comovest? Investors are strongly advised against putting their trust in Comovest, a fraudulent platform warned by three authorities.Comovest claims to be one of the largest CFD Trading brands around while presenting no details about its regulations. Lacking regulatory information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their certificates and licenses in a prominent position. It is a red flag.Besides, Comovest shows its company address is in the United Kingdom. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). However, we did not find any match results for this broker in FCA.What's more, the British Columbia Securities Commission (BCSC), the Belgian Financial Services and Markets Authority (FSMA), and the Ontario Securities Commission (OSC) have issued warnings against or added Comovest to their warning list for it operating illegally. You can read the BCSC warning, the FSMA warning, and the OSC warning.In essence, it is highly risky when dealing with Comovest. It comes with significant risks, such as financial losses and identity theft, which could be financially and personally devastating. Therefore, we strongly suggest investors steer clear of unlicensed brokers like Comovest and instead choose a fully regulated one. View Source