The UK regulator FCA has issued a warning against Edove Marketplace The Financial Conduct Authority (FCA) issued a warning against Edove Marketplace on Mar 31, 2023, believing this broker might be providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/edove-marketplace
Edove Marketplace
VisitRisk Level - High
Edove Marketplace
Risk Level - High
Scam Evidence & Warnings
BrokersView has reviewed that Edove Marketplace is an unregulated broker Edove Marketplace mentioned the Australian Securities and Investments Commission (ASIC) on its About webpage to make it appear as if they are regulated by this authority. However, our search for this broker in the ASIC's registry did not yield any results. That means what it claims about the regulatory status is a false statement to unsuspecting investors. As per UK law, brokers operating in the UK must be authorized by the Financial Conduct Authority (FCA) to offer financial services or products. However, this UK-based broker was identified by the FCA as an unauthorized firm.The truth is, Edove Marketplace 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.
BrokersView has identified that Edove Marketplace's website is currently offline BrokersView found that the domain "https://www.edovemarketplace.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.
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