Post-Brexit! FCA scam warning against CySEC-regulated Brokereo
The UK FCA has issued a warning against Brokereo and qualified it as a possible scam. The operator is Concorde Investments (Cyprus) Ltd, registered in Cyprus and regulated by CySEC under license number 189/13. The domain www.brokero.com is also approved by CySEC. However, during our review, we found problems with the KYC/AML procedures of the broker. Among others, Sepaga E.M.I. Ltd in Cyprus acts as a payment facilitator.