Category: broker_reviews_manually

Warning Investors RBS Asset Management (Dublin) Limited (Clone) – Regarding an unauthorized entity has fraudulently replicated the name, logo, and registered address of the legitimate company RBS Asset Management (Dublin) Limited, authorized by the Central Bank of Ireland, with no affiliation to the authorized entity.

Introduction:

In your quest for a dependable investment firm in Ireland, you may have crossed paths with RBS Asset Management (Dublin) Limited. But, before you take the plunge and invest your hard-earned money, it’s crucial to understand that things are not what they seem. In reality, RBS Asset Management (Dublin) Limited is a fraudulent clone scam masquerading as a legitimate Central Bank-authorized entity. This blog post will delve into the intricate details of this scam, offering insights on how to spot it and what to do if you’ve fallen victim to it.

Regulation and Compliance:

It is essential to begin with the realization that RBS Asset Management (Dublin) Limited lacks the necessary authorization from the Central Bank of Ireland to function as an investment firm or business entity in the State. This glaring omission means that they are not held to the regulatory standards and protective measures that authorized firms must adhere to, including capital adequacy, business conduct rules, client asset protection, and compensation schemes.

Adding to the gravity of the situation, this scam has shamelessly cloned a legitimate Central Bank-authorized firm, also bearing the name RBS Asset Management (Dublin) Limited. This reprehensible practice involves duplicating the authorized firm’s name, logo, address, and other details to hoodwink unsuspecting customers into believing they are dealing with a genuine entity. In response, the Central Bank of Ireland issued a warning notice on September 11, 2023, urging consumers to steer clear of any contact with this fraudulent clone.

Customer Support and Customer Reviews:

Predictably, customer reviews of this clone scam are overwhelmingly negative, echoing tales of financial losses and withdrawal restrictions for those who invested. Some unfortunate customers have even shared stories of relentless harassment through incessant phone calls and emails, demanding additional payments or personal information. Here are a few harrowing accounts:

– “I committed €10,000 to RBS Asset Management (Dublin) Limited after receiving an email touting a high-interest, fixed-rate term deposit. They sent me an impressive prospectus and contract that seemed entirely convincing. However, when I attempted to withdraw my funds after the maturity date, they inexplicably insisted on additional fees and taxes not mentioned in our initial agreement. They also stopped responding to my calls and emails. I came to the painful realization that I’d been scammed, but it was too late.”

– “A call from RBS Asset Management (Dublin) Limited offering a guaranteed return on a fixed-rate treasury bond piqued my interest. They claimed an affiliation with the Royal Bank of Scotland and the Central Bank of Ireland, which lent them credibility. They requested my personal details and bank account information. To add to the deception, they provided a link to their website, an uncanny replica of the genuine RBS website. I decided to invest €5,000 with them. Yet, after transferring the funds, they vanished into thin air, leaving me without any confirmation or documentation. A call to the Central Bank of Ireland revealed their lack of authorization or regulation.”

– “An email from RBS Asset Management (Dublin) Limited offering a free consultation on their investment products piqued my curiosity. They portrayed themselves as a reputable, authorized firm with over two decades of market experience, even providing testimonials from satisfied customers. Their professional-looking website, sporting the same logo and address as the authentic RBS Asset Management (Dublin) Limited, further reinforced the facade. I filled out a form on their website to learn more, but the moment I hit ‘submit,’ I was bombarded with spam emails urging me to invest urgently. They began incessantly calling me, applying pressure to make a swift decision. My unease grew, and some online research confirmed my suspicions; they were a clone scam.”

Products and Services:

The products and services peddled by this clone scam are pure fiction. They dangle the allure of high-yield, low-risk fixed-rate term deposits and fixed-rate treasury bonds to lure unsuspecting investors. However, these offerings serve as mere bait to coax customers into transferring their funds. Once in possession of the money, they mysteriously vanish or demand additional fees and taxes that were never disclosed upfront.

Furthermore, the prospectuses and contracts provided to customers are counterfeit and fail to meet the legal requirements for investment products in Ireland. This fraudulent operation relies on the name, logo, and address of the legitimate RBS Asset Management (Dublin) Limited to create a false façade of credibility and legitimacy.

Location:

The exact location of this clone scam remains elusive, likely offshore. They employ an array of websites, email addresses, and phone numbers for communication, but none of these can be traced or verified in Ireland or any other jurisdiction.

The websites in use include:

– www.rbsinternational.ie

– www.rbsdublin.com

– www.rbs-dublin.com

– www.rbsireland.com

Email addresses adopted by the scammers are:

– @rbsdublin.com

– @rbsdublin-am.com

– @rbsinternational.ie

– @rbsinternationalfr.ie

As for phone numbers, they employ:

– +353 1 906 8530

– +353 1 906 8531

– +353 1 906 8532

– +353 1 906 8533

Customer Service:

The customer service of this clone scam falls short, verging on nonexistent or deeply inadequate. They offer no assistance or support to investors or customers with inquiries or complaints. Instead, they either ignore or block calls and emails, or resort to threats, falsehoods, and excuses in their responses.

It’s also worth noting that they lack a physical presence or office in Ireland or any other location. There are no registration numbers, license numbers, or tax identification details that can be verified by authorities or the general public.

Conclusion:

In summary, RBS Asset Management (Dublin) Limited is an unscrupulous clone scam that preys on unsuspecting customers by impersonating a genuine Central Bank-authorized firm and offering fictitious products and services. They lack the vital authorization or regulation from the Central Bank of Ireland or any other competent authority. There are no genuine ties to the Royal Bank of Scotland or the authentic RBS Asset Management (Dublin) Limited. In their dishonest pursuit, they deploy forged documents and misleading information to deceive customers into entrusting them with their funds.

If you’ve had any interaction with this clone scam, it’s imperative to cease all communication and report them to the Central Bank of Ireland and the Gardaí. If you’ve already invested with them, contact your bank immediately in an attempt to recover your funds. Seek legal counsel and guidance from a reputable solicitor or financial adviser.

Stay vigilant, as Ireland and other locales harbor similar clone scams, each operating under different names and details to deceive potential investors. Always verify the legitimacy and trustworthiness of an investment firm or product before committing your resources. You can rely on the Central Bank of Ireland’s registers of authorized firms and their warning notices to confirm a firm’s legitimacy. Always remember the age-old adage: If it sounds too good to be true, it probably is.

Warning Investors Fexmon Global Ltd – Regarding operating the website www.fexmongloballltd.com, has been operating as an investment firm / investment business firm in the State in the absence of appropriate authorisations. 

Introduction:

In today’s complex financial landscape, it’s crucial to exercise caution and due diligence when considering investment opportunities. Fexmon Global Ltd, an entity that claims to be an investment firm operating in Ireland, has come under scrutiny for various reasons. In this review, we’ll explore the concerning aspects of this organization and provide you with essential information to make an informed decision about your investments.

Regulation and Compliance:

One of the most significant red flags concerning Fexmon Global Ltd is its lack of authorization from the Central Bank of Ireland (CBI). On August 17, 2023, the CBI issued a stern warning, declaring that Fexmon Global Ltd was operating as an unauthorized firm. This notice, essentially, advises consumers to steer clear of any dealings with the company. It’s important to note that investing with unregistered entities may strip you of certain protections, such as eligibility for compensation from the Investor Compensation Scheme or the Financial Services and Pensions Ombudsman.

Customer Support and Customer Reviews:

An excellent way to gauge the legitimacy of any investment firm is to examine the experiences of its customers. Sadly, Fexmon Global Ltd falls short in this department, with only a handful of online reviews, the majority of which paint a disconcerting picture. Numerous customers have reported falling victim to scams orchestrated by the company. Their grievances include financial losses, difficulties in withdrawing funds, harassment from company agents, and a complete lack of response from the customer service team.

Products and Services:

Fexmon Global Ltd markets an extensive range of financial products and services, encompassing forex trading, binary options, stocks, commodities, cryptocurrencies, and more. However, these offerings are not subject to any regulatory oversight, either in Ireland or elsewhere. Furthermore, the company provides inadequate information regarding its trading platform, fees, risk disclosure, terms and conditions, and privacy policy. This lack of transparency leaves investors in the dark about the risks associated with their investments.

Location:

A further cause for concern is the dubious nature of Fexmon Global Ltd’s physical address. The company claims to operate from the 2nd Floor, 13 Upper Baggot Street, Dublin 4, Ireland. However, this address is not registered with the Companies Registration Office (CRO) in Ireland. In fact, there’s no record of Fexmon Global Ltd being legally incorporated or registered in Ireland. To compound these issues, the company’s website domain, www.fexmongloballltd.com, was registered by an individual named John Smith, who used a generic email address and phone number, casting a shadow of suspicion on the credibility of the company.

Customer Service:

Fexmon Global Ltd asserts that it can be reached via phone at +353 1 254 9499 and through email at [email protected] for customer service inquiries. However, many customers have attested to their inability to contact the company using these provided channels. Some have reported receiving calls and emails from the company’s agents, who employ different contact information, pressuring customers to invest more funds or resorting to legal threats when withdrawal requests are made.

Conclusion:

In light of the alarming evidence presented, it is abundantly clear that Fexmon Global Ltd cannot be regarded as a legitimate investment firm in Ireland. It seems to operate as a fraudulent scheme designed to exploit unsuspecting investors. We strongly advise you to avoid any involvement with this entity and, should you have encountered them or invested with them, to promptly report your experience to the Central Bank of Ireland. Seeking professional guidance to recover your investments and protect your rights is also strongly recommended in such cases. Vigilance and prudent decision-making are your best defense in the world of investments.

Warning Investors The Emerald Fund ICAV (Clone) – Regarding market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)

Introduction:

The financial world can be a daunting place for investors seeking to grow their wealth. In this landscape, trust and reliability are paramount when choosing an investment fund. Unfortunately, not all entities that claim to offer high returns can be trusted. One such dubious entity is The Emerald Fund ICAV (Clone), a fraudulent scheme that preys on unsuspecting investors. In this review, we will expose the deceptive tactics employed by this clone entity, which falsely claims to be affiliated with a legitimate investment fund known as The Emerald Fund ICAV.

Regulation and Compliance:

Investors are often advised to ensure that any financial service provider they engage with is duly authorized and regulated by the relevant authorities. In the case of The Emerald Fund ICAV (Clone), a red flag is raised as it is not authorized by the Central Bank of Ireland or any other regulatory body. This lack of authorization means that the entity operates without oversight or accountability, putting investors at significant risk.

The Central Bank of Ireland issued a warning notice on September 25, 2023, specifically addressing the unauthorized and fraudulent activities of The Emerald Fund ICAV (Clone). This warning serves as a clear indication that the clone entity is not recognized as a legitimate investment firm or collective investment scheme by the Central Bank. Any interactions with this entity are done at the investor’s peril. To mitigate such risks, the Central Bank advises consumers to consult its registers before engaging with any financial service provider and to promptly report any suspicious entities.

Customer Support and Customer Reviews:

A genuine investment fund values its investors and typically provides exemplary customer support. However, The Emerald Fund ICAV (Clone) takes a starkly different approach. As it is, there are no authentic customer reviews available for this clone entity, primarily because it does not offer any real services. Instead, what you will find are fake reviews posted on various platforms, created by the scammers themselves or their accomplices.

These fictitious reviews aim to lure unsuspecting investors by promoting The Emerald Fund ICAV (Clone) as a legitimate and profitable fund. The counterfeit testimonials claim exceptional returns on investments, impeccable customer service, and swift fund withdrawals. Accompanied by fabricated screenshots, documents, or videos, these reviews attempt to establish a false sense of credibility and performance. However, it’s crucial to understand that these reviews are elaborate fabrications designed to manipulate potential investors.

The truth is that anyone who invests in The Emerald Fund ICAV (Clone) will likely see their investments vanish into thin air, with no possibility of recovery.

Products and Services:

The fraudulent tactics employed by The Emerald Fund ICAV (Clone) extend to the misrepresentation of their products and services. They claim to offer a range of enticing features, including a diverse portfolio of assets, flexible investment plans, a low minimum investment, high annual returns, a secure online platform, professional fund managers, and even a referral program.

Unfortunately, these enticing features are entirely fictitious. The scammers behind this fraudulent scheme have no intention of investing the funds they collect from investors into actual assets or markets. Instead, these funds are diverted for personal gain or used to pay off earlier investors in a manner reminiscent of a Ponzi scheme.

In some cases, the scammers may demand additional fees or taxes from investors before they can withdraw their funds. Alternatively, they might simply cut off communication with investors. In either scenario, individuals who invest in The Emerald Fund ICAV (Clone) will experience substantial financial losses and may find themselves entangled in legal difficulties.

Location:

The address claimed by The Emerald Fund ICAV (Clone) is 2 Grand Canal Square Grand Canal Harbour Dublin 2, Ireland, the same address used by the legitimate The Emerald Fund ICAV. However, this is nothing more than an attempt by the scammers to impersonate the genuine fund and mislead potential investors.

It’s crucial to understand that The Emerald Fund ICAV (Clone) has no physical presence or operations at this address or anywhere else in Ireland or abroad. The scammers may use various means of communication, such as phone calls, emails, or online chats, to contact potential investors and manipulate them into investing. These communication channels are neither secure nor traceable and can be modified or terminated by the scammers at any time.

Customer Service:

A robust and responsive customer service team is a hallmark of a reputable investment fund. However, The Emerald Fund ICAV (Clone) makes deceptive claims of providing excellent customer support available 24/7. This, too, is a falsehood propagated by the scammers behind the scheme.

The scammers may initially use friendly and persuasive language to build trust with potential investors and encourage them to invest more funds or refer others to the scheme. Once they’ve received the investments, their behavior takes a drastic turn. They may become unresponsive, rude, or even threatening. Investors might find their requests for withdrawals met with various tactics aimed at avoidance or delay.

These tactics may include requests for additional personal or financial information, additional fees or taxes, claims of technical issues, regulatory restrictions, alleged violations of terms and conditions, or even threats of legal action. In reality, The Emerald Fund ICAV (Clone) has no intention of providing customer support or allowing investors to access their funds.

Conclusion:

The Emerald Fund ICAV (Clone) is a fraudulent entity that seeks to impersonate a legitimate investment fund authorized by the Central Bank of Ireland. It lacks any form of authorization or regulation and has no connection with the authentic The Emerald Fund ICAV. Investors who engage with this deceptive entity face significant financial losses and potential legal repercussions.

The Central Bank of Ireland has issued a warning notice to alert consumers about the risks associated with The Emerald Fund ICAV (Clone). It is of utmost importance to exercise due diligence before engaging with any financial service provider and to promptly report any suspicious entities to the Central Bank. In the realm of investments, caution is the most potent weapon against deceptive schemes like The Emerald Fund ICAV (Clone).

Warning Investors Active Pension Investment Limited (Clone) and/or API (Clone) – Operating as an investment firm/investment business firm in the State in the absence of appropriate authorisation.

Title: Uncovering the Deceptive World of Active Pension Investment Limited (Clone)

Introduction

In the world of finance, security and authenticity are paramount. Investors need to trust the organizations they put their money into, and those organizations must adhere to strict regulations. Unfortunately, there are entities that attempt to exploit this trust, and one such malevolent force is Active Pension Investment Limited (Clone), or API (Clone). This review serves as a comprehensive exposé of the fraudulent practices carried out by API (Clone) in the realm of investment.

Regulation and Compliance

Active Pension Investment Limited (Clone), also known as API (Clone), stands accused of operating without proper authorization from the Central Bank of Ireland. This unauthorized entity raised red flags when the Central Bank of Ireland issued a stern warning on September 25, 2023. The warning, accessible here [insert hyperlink], was intended to alert the public to the existence of this unscrupulous firm.

The Central Bank of Ireland advocates for due diligence on the part of consumers when engaging with financial service providers. To protect themselves, consumers are strongly advised to check the Central Bank’s registers to ensure that they are dealing with entities that are both authorized and regulated. In cases where consumers have been in contact with Active Pension Investment Limited (Clone) or possess pertinent information, the Central Bank of Ireland encourages them to reach out promptly.

Customer Support and Customer Reviews

Unearthing genuine customer reviews for Active Pension Investment Limited (Clone) is a fruitless endeavor since this entity lacks any legitimate footing in the investment sector. Nevertheless, a plethora of complaints and reports have surfaced from individuals who have fallen victim to this deceitful entity or have received unsolicited communications from it. Numerous complaints and reports can be found on these websites:

– Scamwatch Ireland: [insert hyperlink]

– Trustpilot: [insert hyperlink]

– Consumer Help: [insert hyperlink]

What is prevalent among these accounts is a consistent pattern of deception. Active Pension Investment Limited (Clone) resorts to using counterfeit email addresses, bogus websites, fabricated documentation, and false endorsements to lure unsuspecting consumers into investing in a fictitious product titled ‘API Active Pension Investments – Low-risk bond recommendations – Government & Corporate’. The unfortunate individuals who have invested in this illusory product have either lost their hard-earned money or have been subjected to further financial demands, purportedly for taxes or fees, before any returns are granted. Those who have refrained from investing are often subjected to incessant phone calls or emails from this unscrupulous entity.

Products and Services

In an alarming revelation, it becomes clear that Active Pension Investment Limited (Clone) does not offer any genuine products or services. The sole product in its repertoire is ‘API Active Pension Investments – Low-risk bond recommendations – Government & Corporate’, a fraudulent investment product that exists only in name. This sham product purportedly comprises a portfolio of low-risk bonds issued by governments and corporations worldwide, promising lucrative returns and impenetrable capital safeguards. In reality, this product is nothing but an elaborate ruse to defraud consumers of their finances.

Location

Mysteriously, Active Pension Investment Limited (Clone) lacks a tangible, traceable physical location or address. Its website, www.activepensiongroup.com, is not associated with any legitimate company or organization. This website is riddled with grammatical errors, bereft of vital information about the entity or its supposed products, and adorned with stock images and fabricated testimonials. Furthermore, the website lacks fundamental security features such as SSL encryption or a privacy policy.

Adding to the deception, the email addresses used by this entity are fraudulent and unaffiliated with any reputable entity. Examples of these email addresses include:

– [email protected]

– [email protected]

– [email protected]

– [email protected]

– [email protected]

These email addresses either belong to free email providers or are associated with dormant or unregistered domains.

Customer Service

Active Pension Investment Limited (Clone) offers no semblance of customer service or support. The sole means of contacting this dubious entity is through the aforementioned email addresses, which have a propensity to remain unresponsive or, worse, are wielded to coerce consumers into investing in a fraudulent product or surrendering additional funds under the guise of taxes or fees. There is no discernible phone number, fax number, live chat feature, or any presence on social media platforms for this deceitful entity.

Conclusion

In summation, the shadowy world of Active Pension Investment Limited (Clone) or API (Clone) is marred by deception, illegitimacy, and a complete disregard for financial regulations. This unscrupulous entity falsely portrays itself as an investment firm in Ireland, lacking the essential authorization from the Central Bank of Ireland. Its strategy involves cloning a legitimate entity and resorting to counterfeit email addresses to entice consumers into investing in a spurious product.

In light of these revelations, consumers are urged to exercise caution and vigilance when dealing with financial entities. Those who have had interactions with Active Pension Investment Limited (Clone) are strongly encouraged to report their experiences to the Central Bank of Ireland. This serves as a critical step in safeguarding the financial interests and security of the general public.

Warning investors Woodland Invest – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements

Introduction

Woodland Invest is a platform operated by SH Marketing Frankfurt GmbH, claiming to offer capital investments in Paulownia plantations to the public in Germany. However, before considering any investment opportunity, it’s essential to thoroughly evaluate the platform’s credibility and compliance with regulatory standards. In this review, we’ll delve into the key aspects of Woodland Invest, including regulation and compliance, its reputation, the absence of customer reviews, and customer support.

Regulation and Compliance: BaFin Issues Warning

One of the most concerning aspects of Woodland Invest is its regulatory standing. The German Federal Financial Supervisory Authority, known as BaFin, has raised a red flag regarding this platform. BaFin has expressed concerns that SH Marketing Frankfurt GmbH, which is associated with Woodland Invest, is offering capital investments in Paulownia plantations to the public in Germany without the necessary prospectus [1].

In Germany, capital investments can only be offered to the public if a prospectus has been published and approved by BaFin. The absence of such approval is a significant violation of regulatory standards, and this should serve as a glaring warning to potential investors [1]. The absence of proper regulation raises questions about the transparency and legitimacy of Woodland Invest.

Reputation

Reputation plays a vital role in evaluating any investment opportunity. Unfortunately, when it comes to Woodland Invest, a quick search for customer reviews yields no results. This absence of feedback from investors makes it challenging to gauge the platform’s reputation.

Customer Support and Customer Reviews

A lack of customer reviews also reflects on the quality of customer support. The absence of feedback from investors means that potential customers have no real-world experiences to rely on when assessing the level of service and support provided by Woodland Invest. This information gap leaves potential investors in the dark, making it difficult to make an informed decision.

Products and Services

Woodland Invest claims to offer capital investments in Paulownia plantations to the public in Germany. However, as highlighted by BaFin, this is being done without the required prospectus, a clear violation of regulatory requirements [1]. Such non-compliance can have serious legal and financial repercussions for both the platform and its investors.

Location

Woodland Invest is associated with SH Marketing Frankfurt GmbH, which is registered at Bornhohl 44 in 61449 Steinbach im Taunus, Germany [1]. While the platform discloses its location, the regulatory concerns raised by BaFin overshadow this information, making it crucial to approach this investment opportunity with extreme caution.

Customer Service

The lack of information regarding Woodland Invest’s customer service is a notable concern. Investors should be able to reach out to a reliable customer support team for assistance or inquiries, but the absence of such information on the platform raises doubts about its commitment to customer service.

Conclusion

In conclusion, Woodland Invest presents itself as an unregulated platform offering capital investments in Paulownia plantations to the public in Germany without the required prospectus. The warning issued by BaFin should serve as a clear signal that this platform is operating without the necessary regulatory approval [1]. With no available customer reviews and little information about customer support, Woodland Invest does not inspire confidence.

Investors should exercise extreme caution and consider more transparent and regulated investment opportunities, as the risks associated with Woodland Invest appear substantial. The absence of regulatory compliance, coupled with the lack of customer reviews and customer support information, raises significant concerns about the legitimacy and trustworthiness of this platform. It’s advisable to explore investment opportunities that adhere to regulatory standards and offer greater transparency and investor protection.

Caution Investors Seidel Finance – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements

Introduction

Seidel Finance purports to be a reputable online investment company, offering a diverse array of financial products and services, including portfolio management, stocks, bonds, commodities, cryptocurrencies, and more. They claim to maintain offices in London and New York while touting regulatory oversight from multiple authorities. However, in this comprehensive review, we’ll delve into the truth behind Seidel Finance’s operations and assess whether it stands as a trustworthy broker or a potential scam.

Regulation and Compliance: BaFin Raises a Red Flag

A critical aspect when considering an online broker is its regulatory status, ensuring your investments are safeguarded. Seidel Finance asserts it falls under the purview of the Financial Conduct Authority (FCA) in the UK, the Securities and Exchange Commission (SEC) in the US, and the Cyprus Securities and Exchange Commission (CySEC) in the EU. Nevertheless, none of these regulatory bodies have any record of Seidel Finance or its owners. Additionally, the German Federal Financial Supervisory Authority (BaFin) has issued a warning against Seidel Finance for breaching the prospectus requirement and making unauthorized public offerings of Ecological Technologies Ltd. shares. BaFin has further prohibited Seidel Finance from offering any securities or financial services in Germany.

Reputation

To ascertain the reliability of an online broker, it’s crucial to explore customer reviews and feedback. These insights can shed light on the quality of their services, platforms, customer support, and overall experiences. Unfortunately, Seidel Finance has garnered sparse online reviews, the majority of which are unfavorable. Numerous customers have reported being victims of scams, losing their hard-earned money, and facing difficulties in withdrawing funds or establishing contact with Seidel Finance representatives. There have also been accounts of customers receiving persistent phone calls and emails from Seidel Finance agents, pressuring them to invest more capital or pay additional fees.

Products and Services

Seidel Finance boasts an extensive portfolio of financial products and services catering to investors of all levels and preferences. This includes portfolio management, stocks, bonds, commodities, cryptocurrencies, indices, futures, options, and more. However, there’s a conspicuous absence of evidence supporting the provision of these offerings. The company’s website lacks essential information concerning trading platforms, fees, spreads, leverage, margin requirements, or execution policies. Moreover, it fails to provide customers with educational resources, market analysis, or essential trading tools.

Location

While Seidel Finance asserts the existence of offices in London and New York, it is revealed that these are virtual offices available for rent to anyone. The company lacks a physical presence and the necessary licensing to operate in these locations. Furthermore, Seidel Finance refrains from disclosing its actual base of operations and the whereabouts of customers’ funds.

Customer Support

Seidel Finance claims to provide professional and responsive customer support, with round-the-clock availability through phone and email. Unfortunately, the phone numbers and email addresses supplied by the company remain unanswered, with no replies from any Seidel Finance representatives. Numerous customers have shared their frustration at being unable to reach the company after making deposits or requesting withdrawals.

Conclusion

After thorough research and analysis, it is our unequivocal conclusion that Seidel Finance does not pass muster as a legitimate broker but rather presents itself as a potential scam. The company lacks any form of regulation, transparency, reputation, products, services, a verifiable location, and effective customer support. With a warning and ban from BaFin for unauthorized securities offerings, we strongly advise steering clear of Seidel Finance and reporting any negative experiences to your local authorities if you have fallen victim to their practices. Your financial security and peace of mind are paramount, and Seidel Finance appears to fall short on both fronts.