Tibiglobe, is it actually safe to use?

https://www.tibiglobe.com/

Dear Investor,

Tibiglobe claims to be incorporated under the laws of multiple jurisdictions. Initially, it states that it is authorized and regulated by South Africa’s Financial Sector Conduct Authority (FSCA), under FSP License Number 50012. However, upon checking the FSCA’s official website, although a matching company name was found, domain information for licensees is not publicly disclosed, making full verification difficult.

Additionally, Tibiglobe claims its distributor is regulated by the Financial Services Commission (FSC) of Mauritius, under License Number GB24203464. Similarly, while a corresponding entity was found in the registry, no domain details were provided, limiting further confirmation.

Furthermore, Tibi Cashier Ltd is listed as one of its affiliated companies, incorporated under the laws of Cyprus. However, it is not regulated by the Cyprus Securities and Exchange Commission (CySEC).

Given these findings, we advise investors to exercise caution when considering dealings with this broker. Forex trading does not guarantee 100% safety, and transparency in regulatory compliance is crucial for investor protection.