The Spanish CNMV issued a warning against Encounter Finance Ltd On July 17, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added Encounter Finance Ltd to its warning list for providing investment services without authorization: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0

BrokersView has reviewed that Encounter Finance Ltd is an unregulated broker Encounter Finance Ltd presents itself as an established broker since 2016. However, its domain enctops.com was first registered in March, 2023. This contradictory situation is a red flag.Furthermore, the Comisión Nacional del Mercado de Valores (CNMV) has added Encounter Finance Ltd to its warning list for providing investment services without authorization.In essence, Encounter Finance Ltd 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 Encounter Finance Ltd's website is currently offline BrokersView found that the domain "https://www.enctops.com/en/" 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.

How's Encounter Finance Ltd? It is trustworthy? An unlicensed broker, Encounter Finance Ltd is not a safe choice for investment and is not trustworthy.While Encounter Finance Ltd marks itself as an established broker since 2016, our investigation revealed that its domain enctops.com was first registered in March, 2023. Such a contradictory situation is a red flag.In addition, the Comisión Nacional del Mercado de Valores (CNMV) has added Encounter Finance Ltd to its warning list for providing investment services without authorization.As a result, Encounter Finance Ltd is an unlicensed broker that comes with significant risks, such as financial losses and identity theft, as there are no rules in place to protect investors from fraud or theft. Therefore, we strongly suggest investors stay away from unlicensed brokers like Encounter Finance Ltd and instead choose a fully regulated one. View Source