THE OFFICIAL WEBSITE OF INVESTORS GROUP OF EAST GATE IS CURRENTLY INACCESSIBLE. The company seems to have gone out of business. Therefore, we can only gather some relevant information for reference only.
2022-06-20 BAHAMAS SCB ADDS INVESTORS GROUP OF EAST GATE TO WARNING LIST
ON JUNE 20, 2022, THE SECURITIES COMMISSION OF THE BAHAMAS (SCB) ISSUED A WARNING THAT INVESTORS GROUP OF EAST GATE WAS CONDUCTING FINANCIAL BUSINESS WITHOUT AUTHORIZATION. YOU CAN LEARN MORE BY VISITING THE FOLLOWING WEBSITE: https://www.scb.gov.bs/wp-content/uploads/2022/06/SCB-Public-Notice-No.-5-of-2022.pdf
2022-07-12 WE HAVE REVIEWED AND CONFIRMED INVESTORS GROUP OF EAST GATE is an unregulated forex broker,
INVESTORS GROUP OF EAST GATE, which claims to be a subsidiary of INVESTORS GROUP OF EAST GATE PLC, which is authorised and regulated by the Financial Conduct Authority (UK FCA). But we did not find a match in the FCA for this broker.
INVESTORS GROUP OF EAST GATE ALSO CLAIMS TO BE AUTHORIZED AND REGULATED BY THE SECURITIES COMMISSION (SCB) OF THE BAHAMAAS. But when we looked up its regulatory information in the SCB, we found only one warning against the broker. THE SCB WARNED THAT INVESTORS GROUP OF EAST GATE WAS CONDUCTING FINANCIAL BUSINESS WITHOUT AUTHORIZATION.
THIS MEANS THAT INVESTORS GROUP OF EAST GATE IS NOT REGULATED BY ANY REGULATORY BODY. It is not safe for this broker to hold or control investors' funds, and investors cannot be protected by any laws. It is a fake trader.
Since it is not possible to access this broker's website right now, we are also unable to get more direct details about its trading assets, leverage, spreads, trading platforms, minimum deposits, etc.
AS FOR REGULATION, IT HAS BEEN VERIFIED THAT INVESTORS GROUP OF EAST GATE DOES NOT CURRENTLY HAVE ANY VALID LICENSES.
However, most non-compliant brokers will not disclose and provide other, more direct and authentic contact information, such as a phone number or company address.
NOTE: INVESTORS GROUP OF EAST GATE ACTS AS AN UNREGULATED BROKER, WHICH MEANS THAT CLIENTS' INVESTMENTS MAY NOT BE ADEQUATELY PROTECTED. The lack of regulation increases the risk of potential financial losses due to the lack of regulatory bodies to hold companies accountable.
If you invest in an unregulated broker, there's a good chance they'll run away with your hard-earned money without any recourse. Therefore, investors must be extremely cautious and when choosing a broker, remind everyone to stay away from these unregulated ones as much as possible.
