Aduno Capital Review Scam Complaint
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Aduno Capital is owned by Aduno Capital Group Limited and trades in Crypto currencies, CFDs and forex. The company was established in 2011, an European investment services company located in Stuttgart, Germany. The broker offers its clients global multi assets, along with direct access to a wide range of financial markets in the US, Asia Pacific and European Union. It claims to have licenses from Malta Financial Services Authority and Cyprus Securiies and Exchange commission. But that’s not the actual case, lets go in the full details and review to figure out the broker’s authenticity.
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About the Aduno Capital:
Aduno Capital is a germany based broker that claims to offer various forex and CFDs, but the broker doesnot disclose any relevant information about the trading accounts, latform, conditions, etc. Aduno Capital claims to be licensed by Malta Financial Services Authority and Cyprus Securiies and Exchange commission under license number IS/52182 and 165/12 respectively. But the actual is that these license numbers belong to other regulated brokers who have nothing to do with Aduno Capital. When it comes to the platform they provide, there is a huge scam visible as their platform has no security standards and any hacker can access and steal your personal data. The platform is not SSL encrypted and is completely fake.
Aduno Capital seems to target mainly German speaking investors and has been blacklisted by Austrian regulator Financial Markets Authority and even by the German Federal Financial Supervisory Authority. The German Federal Financial Authority even mentioned that the claim of Aduno Capital being associated with Maltese Company XNT Limited is fake. Another loophole is that the broker doesn’t provide much details about its trading enviornment, account types, and conditions the broker offers. It is only found on their website that the reference spreads are few, which could not be verified the broker does not provide free testing service either.
Is Aduno Capital legit or scam:
Enough negative points are highlighted about the Aduno Capital to give it a red flag. The lack of information and conditions for trading is not the only major drawback of the broker, the major factor which proves that this broker is a scam is its false license numbers mentioned on its website. Stealing some other regulated broker’s license and mentioning it on its website points towards the conning intentions of the broker. We advise all investors to avoid trading with this scam broker.