Aduno Capital Review

Is Aduno Capital Scam or Legit Broker?

Aduno Capital is a non-regulated Broker. It is NOT SAFE to trade with this company. We have checked the company and there is no authorization or registration of the address, therefore the company seems to be highly suspicious and might operate its services from an absolutely different location.

What is Aduno Capital?

Aduno Capital is owned by ADUNO Capital Group Ltd. and claims to be located in Stuttgart, Germany. Aduno Capital is a European investment services company established in 2011 that offers global multi-asset financial services, including direct access to a wide range of financial markets in the US, European Union, and Asia-Pacific. Aduno Capital provides online trading access to over 50 markets worldwide.

• According to the website Aduno Capitals holds Cat. III Licence No. IS/52182 issued by the Malta Financial Services Authority (MFSA) as well as Licence No. 165/12 by the Cyprus Securities and Exchange Commission (CySEC). Aduno Capital is an SFC-licensed broker in Hong Kong (license No. BNN565). Aduno Capitals is also authorized to provide services in the United Kingdom by the Financial Conduct Authority (FCA) in terms of license No. 620980 (Also check Fortrade UK which is also an FCA Regulated Broker).
• However, the provided license numbers belong to other regulated brokers, that has nothing to do with Aduno Capital. This means the broker has been using the details of the regulated entities and has no legal rights to provide financial services. 
• Moreover, the Austrian regulator Financial Markets Authority has blacklisted Aduno Capital:

"ADUNO Capital Group Ltd is not entitled to carry out banking transactions in Austria that require a license. The provider is therefore not permitted to trade in instruments on its own account or on the account of others pursuant."

Aduno Capital Review Conclusion

We advise all investors and traders to avoid Aduno Capital and other unregulated brokers. The lack of information about the broker’s regulations, trading conditions, and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as ForexTime and Alpari.

Aduno Capital Update

Recently Aduno Capital website remains inactive and unavailable to reach, meaning the broker mutes its trading offering and does not propose account openings. However, we still advise the traders to be alert and careful, in case they receive trading proposals.