The CNMV adds Cosmo Traders to its warning list On June 3, 2024, the Comisión Nacional del Mercado de Valores (CNMV) added Cosmo Traders to its warning list for providing investment services without authorization. https://www.cnmv.es/portal/ResultadoBusqueda.aspx?tipo=1&nombre=COSMO

BrokersView has reviewed that Cosmo Traders is an unregulated broker Cosmo Traders has not provided any company information that would allow investors to confirm its authenticity or legitimacy. The only means of communication provided on their Contact page is a web form, which means the operators control the initiation of communication. This lack of transparency is a significant indicator of a potential scam, as it would be difficult for investors and authorities to contact or trace the broker if they were to disappear without notice.Moreover, the Comisión Nacional del Mercado de Valores (CNMV) has issued a warning about Cosmo Traders for offering investment services without proper authorization. This warning serves as a red flag, indicating that Cosmo Traders may be neglecting important financial regulations.In essence, Cosmo Traders is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Cosmo Traders appears to be a scam.

Can I trade TRY/JPY on Cosmo Traders?? When selecting a forex broker, the priority is to verify its legitimacy. Given Cosmo Traders is an unlicensed broker, we strongly suggest you drop the plan to trade with it.Cosmo Traders lacks transparency, providing no company details for investors to reach out to them. There is only a web form for communication, making it hard to trace if needed. The Comisión Nacional del Mercado de Valores (CNMV) has added Cosmo Traders to its warning list for operating without the authorization. With no regulatory oversight, investing in Cosmo Traders is risky due to the absence of legal protections. Investors are strongly advised against engaging with Cosmo Traders to protect themselves from potential fraud schemes. It is recommended to choose fully regulated brokers. View Source