Broker Name- Souverain Private Equity SA
Broker Website – https://souverainpe.com/
Address of the broker – Luxembourg
Broker Company – Souverain Private Equiy SA
Broker Regulation – None
Warned by- Commission de Surveillance du Secteur Financier
Souverain Private Equity SA is an offshore broker which is not regulated by any reputed regulation authority in its region. The broker may operate in many countries without the regulation required by the reputed regulation authority in its country like CySec, ASIC, FCA, CNMV etc. But regulation can’t be the only reason for calling this broker as a scam. Many Souverain Private Equity SA complaints and negative Broker reviews and other possible scam features can also be the reason. Your funds may not be safe if you are trading with Souverain Private Equity SA.
Possible scam activities of scam broker Souverain Private Equity SA
Here are some of the possible reasons why we have flagged Souverain Private Equity SA as a scam broker in this Souverain Private Equity SA review.
- The broker may have made a number of false claims through its website.
- The rules and regulations, Bonus and Withdrawal policies are not legitimate and they are made for defrauding traders.
- The Souverain Private Equity SA makes continuous calls to the traders and urge them to invest higher and higher amounts.
- The broker promises return which are too good to be true.
- The risk warnings may not be disclosed on their webpage or that would be hidden.
- The broker may be located in the countries or small islands where there is no proper regulation and registering a company is very easy. Usually, these countries are haven for the scam brokers.
- Souverain Private Equity SA provides you good chances of making profits and when you decide to withdraw your money, they will state their illegitimate rules of withdrawals and ultimately you are not able to make withdrawal.
- Broker remains operational for some time and suddenly you are not able to contact the broker or the website seems down. The broker also changes name and website URL without any notice to existing traders.
Negative Souverain Private Equity SA Reviews and Souverain Private Equity SA Complaints
Souverain Private Equity SA has got many negative reviews and traders who traded with this broker have raised many complaints against it. ReportScam has investigated a lot about this broker and based on the negative reviews, complaints and other scam features, we have listed Souverain Private Equity SA in the list of scam brokers 2021.
Is Souverain Private Equity SA scam or legit broker?
ReportScam does not recommend traders to trade with Souverain Private Equity SA and your funds may not be safe with this broker and Souverain Private Equity SA review is negative. Instead look for regulated and reputed brokers who can really help in growing your investments.