What license does Smart Invest 24 hold?

https://smartinvest24.com/

Smart Invest 24 lacks the necessary financial licenses for its operations. 

Despite exaggerated languages to build reputations, it doesn't have the regulatory backing it purports to have, suggesting it may be a scam. It professes to comply with the regulations of the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), and Australian Securities and Investments Commission (ASIC), yet there are no records to validate these assertions.

Adding to the concerns, the Federal Financial Supervisory Authority (BaFin) has issued a warning against Smart Invest 24 due to its lack of authorization. BaFin has information that the brand claims to operate under Ninety One Group Ltd. To underscore the broker's illegitimacy, BaFin specifically states that the company is neither supervised by them nor affiliated with the BaFin-supervised Ninety One Luxembourg S.A. - German Branch.

Given that Smart Invest 24 operates in an unregulated environment, it presents a significant risk of fraud and identity theft. For a safer trading environment, investors are strongly advised to opt for fully regulated brokers instead of unregulated ones like Smart Invest 24.