This First State Investment Review will explore why this broker has been blacklisted by the Italian financial authority, CONSOB, and what potential investors need to know.
Website – https://fsinvest.cm
Website Availability – NO
Address – NA
Blacklisted Status – Commissione Nazionale per le Società e la Borsa (Italy)
Domain Age Information –
Name: fsinvest.cm
Registry Domain ID: 1106137-RegCM
Registered On: 2024-10-10T15:30:26.325Z
Expires On: 2025-10-10T15:30:26.771Z
Updated On: 2024-10-10T15:33:00.647Z
Who is First State Investments?
First State Investments claims to offer a variety of investment opportunities, including forex trading, stocks, and cryptocurrencies. With promises of high returns and a user-friendly platform, it has managed to attract the attention of unsuspecting investors. However, a deeper look reveals concerning issues that warrant this detailed “First State Investments Review.”
Why is First State Investments Blacklisted by CONSOB?
The Italian financial authority, CONSOB, has officially blacklisted First State Investments. This decision stems from numerous complaints and evidence suggesting fraudulent practices. CONSOB’s blacklist serves as a warning to potential investors about brokers that operate without proper licensing or regulatory oversight.
In this First State Investments Review, we highlight some of the key reasons for their blacklisting:
- Lack of Regulation: First State Investments is not authorized by any recognized financial authority. Operating without regulation is a significant red flag in the investment world.
- Unrealistic Promises: The broker markets itself with guarantees of high returns. Legitimate investment platforms avoid making such assurances due to the inherent risks involved in trading.
- Customer Complaints: Many investors have reported difficulties in withdrawing funds, hidden fees, and unresponsive customer service.
Red Flags to Watch Out For
While conducting this First State Investments Review, we identified several red flags:
- Anonymous Ownership: Because of the ambiguity surrounding the company’s ownership, it is challenging to hold anyone responsible.
- Aggressive Marketing Tactics: Users have reported relentless calls and emails urging them to invest larger sums of money.
- Fake Reviews: A common tactic among fraudulent brokers is flooding the internet with fake positive reviews to bury negative feedback.
Conclusion
In this First State Investments Review, we’ve uncovered why this broker is a risky choice for investors. Being blacklisted by CONSOB is a serious warning that should not be ignored. If you’re considering investing, prioritize safety by choosing regulated and reputable brokers.
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