08-07-2022, 11:37 AM
AvaTrade Does Not Do The Suitability Test.
The main objective of performing the ‘suitability test’ is to obtain such information as is necessary for the Company to assess the investment objectives of the client, the client’s financial ability to bear any related investment risks consistent with his investment objectives, and whether the client has the necessary experience and knowledge in order to understand the risks involved in the transaction or in the management of trading.
The CNMV fines CaixaBank 2 million euros for an infringement in the sale of complex products.
More information in my post "AVATRADE: scams, theft and fraud"
The main objective of performing the ‘suitability test’ is to obtain such information as is necessary for the Company to assess the investment objectives of the client, the client’s financial ability to bear any related investment risks consistent with his investment objectives, and whether the client has the necessary experience and knowledge in order to understand the risks involved in the transaction or in the management of trading.
The CNMV fines CaixaBank 2 million euros for an infringement in the sale of complex products.
More information in my post "AVATRADE: scams, theft and fraud"