Beware Roiteks is an Offshore Broker. It is NOT SAFE to trade.
- Company name:
Green Oak LTD. Vantu Capital Ltd. Roiteks.
- Registration Address/ License:
Bulgaria. Marshall Islands. No License, No Regulation.
|🗺️ Registered in||Marshall Islands|
|🗺️ Type of License||Offshore License|
|🛡️ Is Roiteks safe to trade||No|
|🗺️ Recommended Licenses||FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺|
|🖥 Alternative Broker||FP Markets - licensed by ASIC in Australia|
Roiteks is a trading name used by the Green Oak Limited with its registration in Bulgaria. However, the company is a subsidiary of Vantu Capital LTD, which is already registered in the Marshall Islands. Apart from the fact that the Marshall Islands is a known offshore hub for financial companies, the firm in Bulgaria is not registered as well.
The international authorities that oversee the authorized entities check on regularly the market offerings while carrying warning activity to provide an enhanced resourced to the potential investors before the choice is done. Therefore, the regulatory searches on Roitecks obtained the attention of the international regulatory bodies, as a firm is non-authorized and targets the particular residents to trade with them. The alert was placed in Norway while various EU authority sources follow an alert, and should be considered seriously by the investors.
“The Danish Financial Supervisory Authority is aware that Green Oak Limited (Roiteks) is not authorized to operate investment trusts in Norway, and the executive branch therefore has no necessary approval under Norwegian law.”
Moreover, it is a typical practice to create confusion by mentioning various jurisdictions while pretending to be a regulated or legitimate firm. In reverse, the Regulated Forex Brokers are obliged to act in accordance with the set of regulations applicable while in case of its non-follow the firm will be fined or even dismissed. For that reason, the licensed companies performing business that is definitely organized in a more trustful manner. In conclusion, we do not recommend to trade with the Raitecks, since the offering does not seem reliable and should be avoided.
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