Verified: Momentum Pro Capitals' Abbreviation (Momentum) Is Operated Through The Website Https://momentumprocap.co/de/. There Is Currently No Effective Supervision On This Transaction.
According To An Internet Query:
The Website Of Momentum Pro Capitals Appears To Be Relatively New. Its Domain Name Was Recently Registered In February 2024. There Is No Useful Company Or Licensing Information To Confirm The Legitimacy Of The Company, Which Is A Major Red Flag.
The Federal Financial Supervisory Authority (BaFin) Has Issued A Warning To Momentum Pro Capitals That It Lacks The Required Authorization.
Essentially, Momentum Pro Capitals Is Not Regulated By Any Governing Body. Entrusting Investors' Funds To The Company Carries A High Level Of Risk As There Are No Legal Safeguards To Protect These Funds.
To Sum Up, Momentum Pro Capitals Appears To Be A Scam.
And Most Brokers That Are Not Compliant Will Not Disclose Providing Their Direct Real Contact Information, Such As Phone Numbers Or Company Addresses.
Note: Momentum Pro Capitals Is An Unregulated Broker, Which Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If Investing In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated Ones As Much As Possible When Choosing A Dealer.
On November 14, 2024, The Federal Financial Supervisory Authority (BaFin) Issued A Warning Against Momentum Pro Capitals, Saying It Lacked The Required Authorization.
Here Is The Link To The Original BaFin:
Https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2024/meldung_2024_11_12_momentumprocap_en.html
