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GADVM

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Operating status: SCAM

Website: https://www.gadvm.com/

Broker violations and abnormal records
  • 2023-06-04 The Spanish CNMV added GADVM to its warning list

    On June 5, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added GADVM 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

    On June 5, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added GADVM 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
  • 2023-06-06 BrokersView has reviewed that GADVM is an unregulated broker

    GADVM fails to disclose its regulatory information and licensing data, which is a clear indicator of a scam. Legitimate brokers always prominently display their accreditation and licenses to instill trust and transparency, whereas the lack of information thereof may suggest the status as an unlicensed broker. This is a red flag. GADVM purports to be operated by GADVM Limited and have an office in Luxemburg. Therefore, we searched for this company in the register of the Financial Industry Authority (CSSF), Luxemburg's financial regulator, but found no matching entries. In addition, the Comisión Nacional del Mercado de Valores (CNMV) has added GADVM to its warning list for providing investment services without authorization.

    In essence, GADVM 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.

    GADVM fails to disclose its regulatory information and licensing data, which is a clear indicator of a scam. Legitimate brokers always prominently display their accreditation and licenses to instill trust and transparency, whereas the lack of information thereof may suggest the status as an unlicensed broker. This is a red flag. GADVM purports to be operated by GADVM Limited and have an office in Luxemburg. Therefore, we searched for this company in the register of the Financial Industry Authority (CSSF), Luxemburg's financial regulator, but found no matching entries. In addition, the Comisión Nacional del Mercado de Valores (CNMV) has added GADVM to its warning list for providing investment services without authorization.In essence, GADVM 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.
  • 2023-06-08 The Italian CONSOB orders GADVM's website to be blacked out

    On June 9, 2023, the Italian Companies and Exchange Commission (CONSOB) ordered GADVM's website to be blacked out since it offers financial services illegally: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-9-june-2023/718268.

    On June 9, 2023, the Italian Companies and Exchange Commission (CONSOB) ordered GADVM's website to be blacked out since it offers financial services illegally: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-9-june-2023/718268.

Related Complaints

Q&A

Is GADVM regulated by FCA in UK?

Jay Marylyn
United Kingdom
2023-08-14
ANSWER GADVM is an unregulated broker falling outside of regulatory framework, and thus it is not licensed in the UK either.GADVM fails to disclose its regulatory information, a clear indicator of a scam.Since GADVM purports to be operated by GADVM Limited and have an office in Luxemburg, we searched for this company in the register of the Financial Industry Authority (CSSF), Luxemburg's financial regulator. However, no matching entries exist. This is another red flag.More importantly, both the Comisión Nacional del Mercado de Valores (CNMV) and the Italian Companies and Exchange Commission (CONSOB) have added GADVM to their warning lists for providing investment services without the required authorization. You can view here for CNMV warning, and here for CONSOB warning.In essence, GADVM is an unregulated broker warned by financial watchdogs. It comes with significant risks, such as financial losses and identity theft. Therefore, we strongly suggest investors stay away from unregulated brokers like GADVM and instead choose a fully regulated one.
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