Do not trade on tradevtech.io and eenmarket.group and with the companies UMedia LLC and Bodacious Consulting LLC, which operate these platforms
The Croatian Financial Services Supervisory Agnecy (Hanfa) is warning investors about trading platforms for CFD trading, Forex trading and trading in other financial services and products.
Pursuant to the information on tradevtech.com, TradeVtech is a website operated by the company UMedia LLC.
The website of eenmarket.group states that Eenmarket.group is the provider of this online trading platform operated by the company Bodacious Consulting LLC, registered under the number 1341 LLC 2021.
Both of the companies are registered at the same address: First Floor, First St Vincent Bank Ltd Building, James Street Kingstown, Saint Vincent and the Grenadines.
These platforms and companies operating them do not have authorisation to provide investment/brokerage services in the territory of the Republic of Croatia.
Hanfa is therefore urging investors in the territory of the Republic of Croatia not to trade via these platforms and not to accept trade offers from their sales representatives. Hanfa is not authorised to supervise the legality of their operations, nor can it influence the protection of the rights and interests of investors establishing a business relationship with such companies and persons. Such service providers are often involved in some form of investor fraud.
Please note that the Internet provides access to various websites allowing verification of whether a trading platform and the company operating it are fraudulent or not. Hanfa cannot confirm the authenticity of such sites or guarantee the accuracy of the information offered there; however, potential investors may also take that information into account when deciding whether to start trading via those platforms.
The register of companies authorised by Hanfa to provide investment services and perform investment activities, the register of tied agents and the list of financial service providers form other EU Member States that have met their notification obligation and that can directly provide services in the territory of the Republic of Croatia are available on Hanfa’s website. Hanfa is once again urging investors to check, before entering into a business relationship with any investment firm, whether it has the necessary licences and whether it has met its notification obligation as regards the provision of investment services in the territory of the Republic of Croatia.
We are also inviting investors to, for the purpose of protecting their interests, read the brochure published by Hanfa, which explains in detail what to pay attention to before starting and while trading in financial instruments online. The brochure in Croatian is available here.
