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Storagetemasek

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Operating status: SCAM

Website: https://storagetemasek.com/

Broker violations and abnormal records
  • 2023-04-12 The Canadian regulator IIROC issued a warning against Storagetemasek

    On April 13, 2023, the Investment Industry Regulatory Organization of Canada (IIROC) warned the public that Storagetemasek falsely claims to be a member of the IIROC and the Canadian Investor Protection Fund (CIPF): https://www.iiroc.ca/news-and-publications/notices-and-guidance/investor-alert-paytradepro-and-storagetemasek

    On April 13, 2023, the Investment Industry Regulatory Organization of Canada (IIROC) warned the public that Storagetemasek falsely claims to be a member of the IIROC and the Canadian Investor Protection Fund (CIPF): https://www.iiroc.ca/news-and-publications/notices-and-guidance/investor-alert-paytradepro-and-storagetemasek
  • 2023-04-13 BrokersView has reviewed that Storagetemasek is an unregulated broker

    Storagetemasek claims to be regulated by the US Securities and Exchange Commission (SEC) and a member of Investment Industry Regulatory Organization of Canada (IIROC), the Canadian Investor Protection Fund (CIPF), and the Financial Commission. Firstly, it is important to note that the SEC is responsible for regulating the securities markets and protecting investors and the Financial Commission is a self-regulatory organization and external dispute resolution (EDR) body. Both of them have no legal authority to issue forex licenses or regulate forex activities. Secondly, we noticed that the IIROC has issued a warning against Storagetemasek, stating that it is not a member of the IIROC and the CIPF and is never registered with IIROC to sell forex or crypto assets, or any other investment products. Storagetemasek accounts are not protected by CIPF. That means Storagetemasek is misrepresenting itself to deceive unsuspecting investors.

    In essence, Storagetemasek 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.

    Storagetemasek claims to be regulated by the US Securities and Exchange Commission (SEC) and a member of Investment Industry Regulatory Organization of Canada (IIROC), the Canadian Investor Protection Fund (CIPF), and the Financial Commission. Firstly, it is important to note that the SEC is responsible for regulating the securities markets and protecting investors and the Financial Commission is a self-regulatory organization and external dispute resolution (EDR) body. Both of them have no legal authority to issue forex licenses or regulate forex activities. Secondly, we noticed that the IIROC has issued a warning against Storagetemasek, stating that it is not a member of the IIROC and the CIPF and is never registered with IIROC to sell forex or crypto assets, or any other investment products. Storagetemasek accounts are not protected by CIPF. That means Storagetemasek is misrepresenting itself to deceive unsuspecting investors.In essence, Storagetemasek 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

Who's the regulator of Storagetemasek?

Leventis
Palestinian Authority
2023-04-19
ANSWER Storagetemasek is an unregulated broker that we strongly advise against trading with despite the seemingly attractive deals it offers.Storagetemasek claims to be regulated by the US Securities and Exchange Commission (SEC) and be a member of Investment Industry Regulatory Organization of Canada (IIROC), the Canadian Investor Protection Fund (CIPF), and the Financial Commission. Firstly, it is important to note that the SEC is responsible for regulating the securities markets and protecting investors and the Financial Commission is a self-regulatory organization and external dispute resolution (EDR) body. Both of them have no legal authority to issue forex licenses or regulate forex activities. Secondly, we noticed that the IIROC has issued a warning against Storagetemasek (you can check the full warning here), stating that it is not a member of the IIROC and the CIPF and is never registered with IIROC to sell forex or crypto assets, or any other investment products. Storagetemasek accounts are not protected by CIPF. That means Storagetemasek is misrepresenting itself to deceive unsuspecting investors.Regarding your question, Storagetemasek is not regulated by any governing body. Entrusting this broker to hold and control your funds or trading with it is highly risky, as there are no legal protections to safeguard the funds. Therefore, we strongly suggest investors stay away from unlicensed brokers like Storagetemasek and opt for fully regulated ones instead.
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