Score

1.78 /10
Danger

Cinven

United Kingdom

Within 1 year

Regulated in United Kingdom

Common Business Registration

Suspicious Overrun

Medium potential risk

Add brokers

Comparison

Expose

Exposure

Open Account
Website

Score

Regulatory Index1.25

Business Index3.37

Risk Management Index0.00

Software Index4.00

License Index1.25

Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-09-29
  • This broker exceeds the business scope regulated by United Kingdom FCA(license number: 15834665)Common Business Registration Non-Forex License. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Cinven · Company summary

Note: Cinven's official website: https://www.cinvenmarkets.com/en/index.html is currently inaccessible normally.

Cinven Information

Cinven was incorporated on July 23, 2023, with CloudFlare, Inc. SNS and will expire on July 23, 2024. The domain is linkd to Hong Kong as a registrant country. This domain name is hosted by a broker operating within the limits of its United Kingdom FCA regulatory license number 15834665 and which does not have a dedicated Forex license.

Cinven's homepage

Is Cinven Legit?

Cinven is cited with a Financial Conduct Authority (FCA) license as one in the UK (license number 15834665) of the country particulars about that business worldwide website indicates, as if, Seeking investors and business opportunities worldwide license branch promises to embark as stated. The trouble is that this company is already offering services that are not covered by this license, which gives rise at least to question how legal it is. The broker does not have this license and this means that they are not authorized to provide services on Forex markets. Potential users should, however, cautious and will need to take risks when dealing with the premises that such an organization oversteps its regulations.

License LogoLicense Full Name (Abbreviation)Current StatusRegulated byLicense TypeLicense No.Licensed Institution
FCA
Financial Conduct Authority (FCA)Exceeded Business ScopeUnited KingdomGeneral License15834665Cinven Markets Ltd
Exceeded FCA license

Downsides of Cinve

For most potential clients including retired investors searching for low-risk, international clients focusing on growth or stability Cinven has a few crucial downsides – no website, a lack of keeping criminals at bay, licensing issues and withdrawal complaints. These factors create a certain level of doubt on the credibility and security of this broker. There is no need to state them. Potential users should take heed and evaluate the likelihood of harm to their finances before dealing with Cinven. Seeking safer and better-regulated markets as an option will be more desirable.

Conclusion

Engaging in trading activities with Cinven understanding the trading risks is quite apparent and in order to manage these risks, several issues such as regulatory issues, lack of transparency, possible unavailability of the website, and withdrawal complaints have to be taken into consideration. These reasons are why there are indications that Cinven could not be the ideal broker.

In protecting the clients and their funds in this self-declared regulatory environment it is advisable to go for a broker that is authorized and in full compliance with the regulations with a proven record. Move on to brokers with vested interests in having their conduct overseen by regulatory bodies and who have been known to foster the protection of client funds.

User Reviews

More

User comment

0

Comments

Write a review

No comment yet

start to write first comment