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PEVOBITEX

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Operating status: SCAM

Website: https://pevobitex.com/

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

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

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

    PEVOBITEX's certificate from the Companies House (CH) is fake as we have been unable to locate a firm called Pevobitex LTD on its register. Furthermore, the Financial Conduct Authority (FCA) has issued a warning against PEVOBITEX, saying it is not authorized by the FCA and illegally targets British residents.

    In essence, PEVOBITEX 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.

    PEVOBITEX's certificate from the Companies House (CH) is fake as we have been unable to locate a firm called Pevobitex LTD on its register. Furthermore, the Financial Conduct Authority (FCA) has issued a warning against PEVOBITEX, saying it is not authorized by the FCA and illegally targets British residents.In essence, PEVOBITEX 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

PEVOBITEX's trading condition sounds good. Is PEVOBITEX safe?

Olga Daniel
Pakistan
2023-09-04
ANSWER Despite the enticing trading condition, PEVOBITEX is not safe for investors to trade because it is an unlicensed broker.We have searched the database of Companies House (CH) and confirmed that PEVOBITEX's certificate from the CH is fake, as there isn't a firm called Pevobitex LTD. Furthermore, shell incorporation in any jurisdiction is meaningless.If PEVOBITEX wants to legally solicit investors in the UK, it is required to be registered with the Financial Conduct Authority (FCA). However, the FCA has issued a warning against PEVOBITEX, saying it is not authorized by the FCA and illegally targets British residents.Therefore, PEVOBITEX is not a safe choice. Without regulatory oversight, there are no rules in place to protect investors dealing with the platform from fraud or identity theft. As such, we strongly suggest investors stay away from such unlicensed brokers as PEVOBITEX and instead choose a fully regulated one.
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