ANSWER Dear Investor,
After conducting a thorough investigation, we have found that although the logos of the two websites appear similar, there is currently no direct evidence indicating that they belong to the same company. The contact details provided by each—such as addresses, phone numbers, and email addresses—are distinct, leading us to believe that they are likely operating as separate entities.
The first platform, Mishov Forex (mishovforex.com), claims to be operated by Mishov Markets Ltd. and states it has offices in several locations, including the UK, Dubai, and Turkey. However, upon checking with the relevant financial regulatory authorities in these jurisdictions, including the Financial Conduct Authority (FCA), Dubai Financial Services Authority (DFSA), the Securities and Commodities Authority (SCA) and the Turkish Capital Markets Committee (CMB), we were unable to find any registration or licensing information for this company. This indicates that Mishov Forex is likely operating without the necessary regulatory authorization, posing a significant risk to investors.
The second platform, Mishov Markets (mishovmarkets.com), claims to be registered in Saint Lucia. While we did find a registration for Mishov Markets Ltd. in the International Financial Centre (IFC) database of Saint Lucia, it is important to note that this registration does not equate to an official forex trading license. The Saint Lucia IFC does not regulate forex trading activities, meaning this entity is not subject to the oversight typically required for financial service providers.
In conclusion, while there may be no direct connection between Mishov Forex and Mishov Markets, both platforms operate without proper regulatory supervision in the jurisdictions where they claim to be active. As such, both present substantial risks to investors.
We strongly advise against engaging with either platform to protect your investments.
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