SplitNow Invest is a forex broker with its official website domain registered on February 29, 2024, primarily offering investors trading services in financial derivatives such as foreign exchange, stocks, indices, energy, metals, and ETF contracts for difference. This broker does not provide services to jurisdictions that may violate local laws or regulations.
Corporate Registration Information and Regulatory Status:
Public information on the SplitNow Invest official website reveals that the broker has multiple corporate entities and is regulated by several regulatory bodies. Among them, SplitNow Invest Ltd is authorized and licensed by the Cyprus Securities and Exchange Commission (CySEC), with license number 1780019. SplitNow Invest (registration number HRB11677B) is a designated agent in Germany registered with the Federal Financial Supervisory Authority (BaFin) under Ultra Booster Trade Ltd, and has also been authorized as an investment dealer by the Mauritius Financial Services Commission (FSC) on October 2, 2017, with license number C17554381. TVH Ltd is authorized and regulated by the Seychelles Financial Services Authority (FSA), with license number SD0175.
According to verification from its official website, the Cyprus Securities and Exchange Commission (CySEC), the Federal Financial Supervisory Authority (BaFin), the Mauritius Financial Services Commission (FSC), and the Seychelles Financial Services Authority (FSA) have not found regulatory registration information for this broker.
Opening an Account:
To open an account with SplitNow Invest: Visit the brokerage's official website, click on “SIGN UP FOR FREE” on the homepage or “SIGN UP” in the top right corner of the webpage to enter the account registration page. Fill in personal information such as name and email address, set a login password, and submit. Once the application is submitted, the account is successfully registered.
Account Types:
SplitNow Invest offers users a demo trading account and three different types of trading accounts: STARTER, PREMIUM, PLATINUM. However, its official website does not disclose information related to spreads, trading leverage, margin call/stop-out levels, contract sizes, trading commissions, minimum/maximum trading volume, maximum open/order volumes, or minimum price precision.
Trading Platform:
SplitNow Invest provides users with a proprietary trading platform.
Deposits and Withdrawals:
SplitNow Invest supports deposits and withdrawals through local banks, electronic wallets, or cryptocurrencies.
Conclusion:
Traderknows reminds investors that SplitNow Invest is a scam platform offering false regulatory information. The website design and content of this broker are identical to those of Universal FX Trade, TradeWell Exchange, SwiftPay FX, MobileCrypto FX, Ocean View FX, and Phemextrade. Traderknows advises investors to choose brokers that are transparent, strongly regulated, and have a good reputation for their investment and trading activities, to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
