Safinogroup Alert 

On May 14th, 2024, Brokervictims received notice about a potential scam through its CRM. The crypto broker under scrutiny operates under the name Safinogroup. The Financial Conduct Authority (FCA) and the International Organization of Securities Commissions (IOSCO) have flagged them for potentially operating without proper authorization. This jeopardizes the legality of their services and the safety of your funds.

Safinogroup’s website ( expresses unrealistic promises of “fearless trading” and guaranteed profits. Legitimate brokers focus on risk management and realistic investment goals. These red flags suggest Safinogroup might be a scam.

Due to the lack of regulatory oversight, blacklisting, and deceptive marketing, avoid Safinogroup entirely. Invest with reputable brokers with a strong regulatory framework and a commitment to responsible trading practices.

If you suspect you have been scammed by this broker, gather all the evidence you can to support your claim. This includes all communication records and bank statements. File a report with your local law enforcement agency and report to the relevant regulatory agencies such as the Securities and Exchange Commission (SEC) in the US, and the Financial Conduct Authority (FCA) in the UK.

File a complaint with Brokervictims to further pursue the broker and assist you in the process of fund recovery.

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