Misleading Licenses! Comhar Capital is an Unlicensed Forex Broker

Misleading Licenses

Comhar Capital claims that it is registered and regulated by three financial jurisdictions, their clients can rest assured that they are trading with a safe and secure company: If we go by the “Regulation” on its home page, then the company is showing that it is registered and regulated in FINRA, SEC and FINMA.

Searching on regulators' page, we indeed find match results on FINRA and SEC. However, FINRA is a self-regulatory organization, which does not regulate forex investment activities. SEC belongs to a federal institution, which also does not regulate forex investment activities. As for FINMA regulation, we find no results about Comhar Capital on FINMA registry. That is to say - the firm is merely a registered firm under no regulation.

An US-broker without A License

Headquartered in USA, the entity must be registered as a futures commission merchant and foreign exchange dealer with the Commodity Futures Trading Commission (CFTC) and to be a member of the National Futures Association (NFA) as US- based reliable forex brokers do. However, we found no results matched with Comhar Capital.

Newly Established in February 2022

Apart from the misleading regulatory information, we found Comhar Capital established about a month ago. Domain check result showed Comhar Capital(https://www.comharcapitalmkt.com/) was recently created in FEB. 2022. It is very new. There is the highest possible level of caution for you when dealing with Comhar Capital.