Is Aduno Capital a scam or legit broker?

No, it is not safe to trade with 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 Capitals is a SFC licensed broker in Hong Kong (licence No. BNN565). Aduno Capitals is also authorised to provide services in the United Kingdom by the Financial Conduct Authority (FCA) in terms of licence No. 620980.

However, the provided licenses numbers belong to other regulated brokers, which 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 licence. The provider is therefore not permitted to trade in instruments on its own account or on the account of others pursuant.”

We advise all investors and traders to avoid Aduno Capital and other unregulated brokers. The lack of information about the broker’s regulation, 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 FXTM and Alpari.

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