COF, a company claiming to offer a range of financial services such as Forex, Commodities, Indices, Digital Currencies, and Futures, presents itself as a broker supervised by major financial institutions. These include ASIC, VFSC, and FMA. Additionally, COF claims to be licensed by the Money Services Business (MSB) in the US and the National Futures Association (NFA). The accuracy of these assertions has been questioned, though. Check more in this COF review.
Website: https://www.cofglobol.com/
Website Availability: Yes
Address: United Kingdom
Regulation: No Regulation
Warning: Financial Services Authority (Seychelles)
Domain Age:
- Name COFGLOBOL.COM
- Registry Domain ID 2844217846_DOMAIN_COM-VRSN
- Registered On 2024-01-08T08:47:35Z
- Expires On 2025-01-08T08:47:35Z
- Updated On 2024-01-08T11:50:18Z
Unsubstantiated Claims and Regulatory Inconsistencies
One of the biggest red flags regarding COF is the discrepancy between the company’s claims and the actual regulatory oversight it has received. Searches through the ASIC, FMA, VFSC, MSB, and NFA databases reveal no results supporting COF’s assertions of being regulated or licensed by these institutions.
Furthermore, the MSB license Cofglobol.com claims to have is only relevant to currency exchange businesses and does not authorize foreign exchange margin trading or financial derivatives, which COF advertises as part of its services. This is a significant issue, as it suggests that COF may not be licensed to conduct the type of financial activities it promotes.
Warnings from Financial Authorities
The Financial Services Authority of Seychelles (FSA) has issued a warning against COF, suggesting that the company may be providing unauthorized financial services or products. In addition, the FMA in New Zealand has issued a similar warning, stating that COF is neither registered nor licensed to provide services to New Zealand residents. These warnings have further fueled suspicions that COF may be operating as a scam.
COF Review Conclusion
While Cofglobol.com claims to offer a wide range of financial instruments, its lack of credible regulatory backing, combined with warnings from financial authorities, suggests that it may not be a trustworthy option for investors. Always verify the legitimacy of financial services providers before engaging with them. Stay cautious and ensure that you are dealing with a properly regulated and authorized entity.
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