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Cheonan International

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Operating status: SCAM

Website: https://www.cheonan.uk/en/

Broker violations and abnormal records
  • 2021-05-17 The Monetary Authority of Singapore (MAS) added Cheonan International to its alert list
    The Singapore MAS added Cheonan International Limited to its alert list, claiming that the firm is not licensed to provide the investment services. You may visit: https://www.mas.gov.sg/investor-alert-list?page=1&q=Cheonan%20International
    The Singapore MAS added Cheonan International Limited to its alert list, claiming that the firm is not licensed to provide the investment services. You may visit: https://www.mas.gov.sg/investor-alert-list?page=1&q=Cheonan%20International
  • 2021-05-30 The Spanish regulator CNMV added Cheonan International into the unregistered firm alert
    The Spanish National Securities Market Commission (CNMV) warned the public that the firm is not authorised to provide the investment services in the country: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=Cheonan%20International
    The Spanish National Securities Market Commission (CNMV) warned the public that the firm is not authorised to provide the investment services in the country: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=Cheonan%20International
  • 2021-09-07 BrokersView has reviewed that Cheonan International is an unregulated forex broker
    Cheonan International presents zero details about its regulation and necessary trading documents (i.e. terms and conditions, privacy policy, risk disclosure, etc.). Lacking for such vital information is already a huge red flag for potential traders. Besides, this broker claims to be owned and operated by CHEONAN INTERNATIONAL LIMITED, an entity incorporated in the United Kingdom and registered with the Companies House (CH). However, CH is only the UK’s registrar of companies, it is not the regulator that approves licenses for the brokers in the UK. The truth is, there is no regulatory information about Cheonan International can be found in the register of the UK's regulator FCA, as well as any other financial regulators. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
    Cheonan International presents zero details about its regulation and necessary trading documents (i.e. terms and conditions, privacy policy, risk disclosure, etc.). Lacking for such vital information is already a huge red flag for potential traders. Besides, this broker claims to be owned and operated by CHEONAN INTERNATIONAL LIMITED, an entity incorporated in the United Kingdom and registered with the Companies House (CH). However, CH is only the UK’s registrar of companies, it is not the regulator that approves licenses for the brokers in the UK. The truth is, there is no regulatory information about Cheonan International can be found in the register of the UK's regulator FCA, as well as any other financial regulators. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
  • 2022-07-05 BrokersView has found that Cheonan International is not working

    On 6 Jul 2022, BrokersView found the domain https://www.cheonan.uk/en/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    On 6 Jul 2022, BrokersView found the domain https://www.cheonan.uk/en/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

Related Complaints

Q&A

Is Cheonan International regulated？ Im looking for information on their minimum deposit terms and conditions.

Justin Taylor
United Kingdom
2021-11-13
ANSWER Cheonan International is an UNREGULATED broker and should be avoided at all events. Cheonan International presents zero details about its regulation and necessary trading documents (i.e. terms and conditions, privacy policy, risk disclosure, etc.). Lacking for such vital information is already a huge red flag for potential traders. Besides, this broker claims to be owned and operated by CHEONAN INTERNATIONAL LIMITED, an entity incorporated in the United Kingdom and registered with the Companies House (CH). However, CH is only the UK's registrar of companies rather than the regulator that approves licenses for brokers in the UK. The truth is, there is no regulatory information about Cheonan International can be found in the register of the UK's financial Conduct Authority (FCA), as well as any other financial regulators. What's worse, the Singapore's regulator MAS and the Spanish regulator CNMV have successively added Cheonan International to the alert list to warn the public that this firm is not authorised to provide the investment services in their countries. You can check full alert or warning from MAS and CNMV on Cheonan International respectively. As per the evidences above, our final conclusion is that Cheonan International is thoroughly a scam on account of running its business without any relevant license approved by a reputable regulator. Therefore, we would recommend traders to stay away from unregulated brokers and trade with licensed brokers.
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