Safinogroup Alert


On May 15th, 2024, Cryptocointrace received notice about a potential scam through its CRM. The broker in question goes by the name Safinogroup and uses the website This crypto broker is facing scrutiny from financial authorities. The Financial Conduct Authority (FCA) and the International Organization of Securities Commissions (IOSCO) have flagged Safinogroup for operating without proper authorization. This raises serious concerns about the legality of their services and the safety of your invested funds. boasts unrealistic promises and lacks transparency. Their focus on “fearless trading” and guarantees of high returns are classic warning signs of potential scams. Legitimate brokers prioritize risk management and realistic investment outlooks.

Protect Yourself: Avoid Safinogroup 

Given the regulatory warnings, blacklisting, and unrealistic promises, it’s crucial to avoid Safinogroup altogether. Don’t invest or trade with them.

If you suspect you have been scammed by this broker, gather all the evidence you can to support your claim. This includes all communication records, bank statements showing deposits or withdrawals related to the broker, and any material you received from the broker. File a report with your local law enforcement agency and report to the relevant regulatory agencies such as the Securities and Exchange Commission (SEC) in the US and the Financial Conduct Authority (FCA) in the UK.

File a complaint with Cryptocointrace to further pursue the broker and assist you in the process of fund recovery.