Cegalies is a forex broker that has been accused of being a scam. The company has no regulation and has been blacklisted by several financial authorities. There have been numerous complaints from clients who have lost money with Cegalies.
History of Cegalies
Cegalies was founded in 2016. The company’s website claims that it is regulated by the Financial Conduct Authority (FCA) in the UK. However, the FCA has no record of Cegalies being regulated.
Team Behind The Company
The team behind Cegalies is unknown. The company’s website does not list any of the management team members.
License and Regulation Status of Cegalies
Cegalies is not regulated by any financial authority. This means that there is no government agency that is responsible for overseeing the company’s activities. This lack of regulation is a major red flag.
Why Should Not You Trust An Unlicensed Broker?
There are several reasons why you should not trust an unlicensed broker. First, unlicensed brokers are not subject to the same regulations as regulated brokers. This means that they are more likely to engage in fraudulent activities. Second, unlicensed brokers are not required to keep client funds in segregated accounts. This means that your money is not protected if the broker goes bankrupt.
Trading Options Do They Offer
Cegalies offers a variety of trading options, including forex, CFDs, and cryptocurrencies. However, the company’s trading platform is outdated and difficult to use.
There have been numerous complaints from clients who have lost money with Cegalies. These complaints allege that the company has refused to allow clients to withdraw their funds. There have also been reports of the company’s customer support team being rude and unhelpful.
Scammed By Cegalies?- Talk To Our Experts
If you have been scammed by Cegalies, contact us today. We will provide you with a free consultation and service recommendations to help you in recovering the lost fund.