The Seychelles FSA issues a warning against compoundingMarket On August 8, 2023, the Financial Services Authority of Seychelles (FSA) issued a warning against compoundingMarket, saying the website https://compoundingmarket.org is not linked to any entity licensed or regulated by the FSA in any capacity. https://fsaseychelles.sc/media-corner/regulatory-updates/alert-unauthorized-use-of-websites-the-unlawful-website-10

BrokersView has reviewed that compoundingMarket is an unregulated broker compoundingMarket's claim that it is regulated by the Seychelles Financial Services Authority (Seychelles FSA) is denied by the FSA. In a warning against compoundingMarket, the FSA says the website https://compoundingmarket.org/ is not linked to any entity licensed or regulated by the FSA in any capacity.Furthermore, compoundingMarket's claim that it is regulated by the Cyprus Securities and Exchange Commission (CySEC) is unfounded either, as there are no records matching a company called compoundingMarket Limited, the webiste's purported operator, in the register of CySEC.In essence, compoundingMarket 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. It is unequivocally a scam.

BrokersView has identified that compoundingMarket's website is currently offline BrokersView found that the domain "https://compoundingmarket.org/" 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.

Did anybody trade with compoundingMarket?Should I trust it? No, we strongly suggest you do not trust compoundingMarket.On its website, compoundingMarket claims that it is regulated by the Seychelles Financial Services Authority (Seychelles FSA). However, it is a false claim, as evidenced by the Seychelles FSA warning. According to the Seychelles' financial watchdog, the website https://compoundingmarket.org/ is not linked to any entity licensed or regulated by the FSA in any capacity.Furthermore, compoundingMarket's claim that it is regulated by the Cyprus Securities and Exchange Commission (CySEC) is unfounded either, as there are no records matching a company called compoundingMarket Limited, the website's purported operator, in the register of CySEC.Therefore, we strongly suggest investors avoid compoundingMarket. It is an unlicensed platform even attempting to convince unsuspecting investors using false regulatory information. That strongly suggests its intent to defraud. Once investors' money and personal information are held by the platform, there are no rules to protect them from fraud or theft. To mitigate such risks, it is advisable to steer clear of unlicensed brokers like compoundingMarket and choose a fully regulated one. View Source