Bovei Financial Limited is a broker registered in Australia, established on May 24, 2024. This broker primarily provides investment services in forex, indices, commodities, and other trading markets through its self-developed trading platform and related mobile applications. It does not offer services to countries and regions where doing so might violate local laws or regulations.
Company Registration Information and Regulatory Status
Bovei Financial Limited (www.boveifx.com) is registered in Australia with ACN number 677 621 359. The company is registered in Zetland NSW 2017, and its office is currently located at RM7, 17/F, HO KING COMM CTR, FAYUEN ST, Hong Kong.
On May 28, 2024, the broker was authorized by the Australian Securities and Investments Commission (ASIC) to become an authorized representative of STAR FUNDS MANAGEMENT PTY LTD, a financial services licensee. Bovei Financial Limited’s AR license number is 001309549, which limits authorization to providing financial product advice. Additionally, STAR FUNDS MANAGEMENT PTY LTD’s license does not cover services to retail clients, and the company frequently sells AR license authorizations.
Therefore, Bovei Financial Limited does not have the right to provide financial derivatives trading to investors.
Account Opening Process
To open an account with Bovei Financial Limited, visit their official website, click on "Register" on the homepage or top-right corner to access the account registration page, fill in personal information such as name and email, set a login password, and submit the form after entering the verification code received via email. Once submitted, the account is successfully registered, but identity verification is required before depositing funds and trading.
Trading Accounts
Unlike typical brokers that introduce the types and features of their trading accounts on their website, Bovei Financial Limited does not disclose information on offered account types, spreads, trading leverage, margin call/stop-out levels, trading commissions, minimum/maximum trade sizes, maximum positions/orders, or minimum price increments.
Trading Platform
Bovei Financial Limited claims to offer a self-developed trading platform for web and mobile users. However, the design of its web-based trading platform appears identical to those used by numerous scam brokers.
Deposits and Withdrawals
Images on the Bovei Financial Limited website show support for deposits via credit/debit card, online banking, bank transfer, and e-wallets. However, the process for withdrawals and details on any fees involved are not clearly explained.
Conclusion
Traderknows reminds investors that Bovei Financial Limited does not actually have the right to provide financial derivatives trading services. Its official website and account information are unclear, and the trading platform it uses is very similar to those used by many fraudulent brokers. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation for investment trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
