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SinaraCorp

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Operating status: SCAM

Website: https://sinaracorp.com

Broker violations and abnormal records
  • 2022-03-07 The Austria FMA Added SinaraCorp into Its Warnings

    On 8 March 2022, the Austrian Financial Market Authority (FMA) issued a warning that SinaraCorp is not authorised to carry out banking transactions in Austria that require a licence. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others. You may visit: https://www.fma.gv.at/en/sinaracorp-high-net-group-ltd/

    On 8 March 2022, the Austrian Financial Market Authority (FMA) issued a warning that SinaraCorp is not authorised to carry out banking transactions in Austria that require a licence. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others. You may visit: https://www.fma.gv.at/en/sinaracorp-high-net-group-ltd/
  • 2022-05-24 The Germany BaFin Added SinaraCorp into Its Warnings

    On 5 May 2022, the Germany Federal Financial Supervisory Authority (BaFin) issued a warning that SinaraCorp does not have authorisation under the KWG to conduct banking business or provide financial services. You may visit: https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2022/meldung_2022_05_25_sinaracorp_en.html

    On 5 May 2022, the Germany Federal Financial Supervisory Authority (BaFin) issued a warning that SinaraCorp does not have authorisation under the KWG to conduct banking business or provide financial services. You may visit: https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2022/meldung_2022_05_25_sinaracorp_en.html
  • 2022-07-24 BrokersView has Reviewed that SinaraCorp is an Unregulaetd Forex Broker

    SinaraCorp claims to be a professional broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag.

    SinaraCorp presents its office address located in German on its website. As per German laws, SinaraCorp shall be regulated by the German Federal Financial Supervisory Authority (BaFin) to provide financial services. However, And the Germany Federal Financial Supervisory Authority (BaFin) issued a warning that SinaraCorp does not have authorisation under the KWG to conduct banking business or provide financial services. 

    Moreover, the Austrian Financial Market Authority (FMA) issued a warning that SinaraCorp is not authorized to carry out banking transactions in Austria that require a license. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others. 

    The truth is that SinaraCorp is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe and the money can not be protected by any laws. Therefore, it is a scam.

    SinaraCorp claims to be a professional broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag.SinaraCorp presents its office address located in German on its website. As per German laws, SinaraCorp shall be regulated by the German Federal Financial Supervisory Authority (BaFin) to provide financial services. However, And the Germany Federal Financial Supervisory Authority (BaFin) issued a warning that SinaraCorp does not have authorisation under the KWG to conduct banking business or provide financial services. Moreover, the Austrian Financial Market Authority (FMA) issued a warning that SinaraCorp is not authorized to carry out banking transactions in Austria that require a license. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others. The truth is that SinaraCorp is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe and the money can not be protected by any laws. Therefore, it is a scam.

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