Is Sova Capital Limited a Good Broker or a Scam?
You may notice by looking online that Sova Capital broker has a professional-looking website, strong transparency, and reliable independent reviews. So why has Sova Capital Limited been flagged by the FCA? Sova Capital Limited is an example of a broker that was legitimate, and may still be, but is currently insolvent and shouldn’t be taking on new clients.
We Have Some Concerns with Sova Capital Limited
There is no indication that Sova Capital Limited is trying to take on new clients despite its financial issues. However, the FCA is issuing a warning so clients are aware of the situation. Usually, we receive alerts about brokers who are suspected frauds or are unlicensed. Sova Capital Limited is one of the exceptions–it has been flagged, but it didn’t start out as a scam and may not be fraudulent now. Still, if a broker is insolvent, it’s best to stay away.
Sova Capital Limited Red Flags
Don’t trade with a broker that doesn’t have strong financials. Along with a license, check how financially stable the broker is and look at mentions of the broker in the media.
Lost Money to Sova Capital Limited? Talk to Us!
Our experts understand brokers–reliable ones and scam operations. We have researched brokers and have created these reviews to help consumers make the right choice for trading. We recommend that you avoid Sova Capital Limited and instead find a reliable and licensed broker. If you have lost money to this broker, contact us and we will help you locate your funds