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Savoy Investment Group

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Operating status: SCAM

Website: https://www.savoyig.com/

Broker violations and abnormal records
  • 2023-08-20 The UK FCA issues a warning against Savoy Investment Group

    On August 21, 2023, the Financial Conduct Authority (FCA) issued a warning against Savoy Investment Group, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/savoy-investment-group

    On August 21, 2023, the Financial Conduct Authority (FCA) issued a warning against Savoy Investment Group, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/savoy-investment-group
  • 2023-08-21 BrokersView has reviewed that Savoy Investment Group is an unregulated broker

    Savoy Investment Group fails to disclose its regulatory information and licensing data, which is a significant scam indicator.

    Furthermore, the Financial Conduct Authority (FCA) has added Savoy Investment Group to its warning list, saying it is targeting British citizens without their authorization.

    In essence, Savoy Investment Group 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. 

    Savoy Investment Group is unequivocally a scam.

    Savoy Investment Group fails to disclose its regulatory information and licensing data, which is a significant scam indicator.Furthermore, the Financial Conduct Authority (FCA) has added Savoy Investment Group to its warning list, saying it is targeting British citizens without their authorization.In essence, Savoy Investment Group 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. Savoy Investment Group is unequivocally a scam.

Related Complaints

Q&A

I would like to know about Savoy Investment Group's regulation plz.

Jacob Liu
Norway
2023-09-20
ANSWER Savoy Investment Group is not a regulated broker.Regarding its regulatory status, Savoy Investment Group fails to disclose any corresponding information. This can be significant scam indicator, as legitimate brokers should prominently display such information to ensure transparency.What's more, the Financial Conduct Authority (FCA) has added Savoy Investment Group to its warning list of unauthorized firms and issued a warning further substantiating the fraudulent nature of the platform.Therefore, BrokersView strongly suggests investors steer clear of Savoy Investment Group, a scam involving substantial risks, such as financial losses and identity theft. Without regulatory oversight, individuals dealing with the fake broker are vulnerable to fraud and theft. To avoid such risks, it is advisable to choose a fully regulated broker instead.
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