ETA Ltd claims to be a reliable broker without presenting any details of its regulation. The lack of such important information may be a distinct signal of unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag.
Moreover, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that ETA Ltd using the details of firms they authorise to try to convince people that they work for a genuine, authorised firm. This makes the unauthorised firm appear as if it is regulated and is typically part of a scam. And the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that ETA Ltd is not authorized to provide financial services in Italy.
That means ETA Ltd is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
ETA Ltd claims to be a reliable broker without presenting any details of its regulation. The lack of such important information may be a distinct signal of unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. Moreover, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that ETA Ltd using the details of firms they authorise to try to convince people that they work for a genuine, authorised firm. This makes the unauthorised firm appear as if it is regulated and is typically part of a scam. And the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that ETA Ltd is not authorized to provide financial services in Italy.That means ETA Ltd is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.