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Geniovest

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Operating status: SCAM

Website: http://www.geniovest.com/

Broker violations and abnormal records
  • 2023-08-08 The UK FCA issues a warning against Geniovest

    On August 9, 2023, the Financial Conduct Authority (FCA) issued a warning against Geniovest, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/geniovest

    On August 9, 2023, the Financial Conduct Authority (FCA) issued a warning against Geniovest, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/geniovest
  • 2023-08-09 BrokersView has reviewed that Geniovest is an unregulated broker

    Geniovest provides an address in the UK to appear legitimate. However, the Financial Conduct Authority (FCA) has issued a warning against Geniovest, saying it is illegally targeting British residents without their authorization.

    In essence, Geniovest 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.

    Geniovest provides an address in the UK to appear legitimate. However, the Financial Conduct Authority (FCA) has issued a warning against Geniovest, saying it is illegally targeting British residents without their authorization.In essence, Geniovest 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.

Related Complaints

Q&A

Is Geniovest regulated or not?

Sheff Feltan
Macedonia
2023-09-04
ANSWER No, Geniovest is not regulated.While Geniovest provides an address in the UK to appear legitimate, there are no indications that it is registered with the Financial Conduct Authority (FCA). And the UK financial watchdog has issued a warning against Geniovest, saying it is illegally targeting British residents without their authorization.Things even get worse when BrokersView discovers that the website of Geniovest is inaccessible. Numerous cases suggest that scammers often disappear by disabling their websites or applications, leaving their clients vulnerable and helpless in finding a way to recover money.Therefore, BrokersView strongly suggest you avoid Geniovest. It is an unregulated platform coming with significant risks, such as financial losses and identity theft, which could be finanically and personally devastating. To safeguard investors' interests, it is better to choose a fully regulated platform.
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