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Operating status: SCAM
Website: www.privaluxmanagement.com https://moncompte-prive.com/

On 28 July 2022, the Luxembourg Commission de Surveillance du Secteur Financier (CSSF) issued a warning that Privalux Management is a fraudulent company that is misusing the name of an authorized firm. You may visit: https://www.cssf.lu/en/2022/05/warning-concerning-fraudulent-activities-misusing-the-name-of-the-investment-firm-privalux-management-s-a/
Privalux Management claims to be a legal forex broker under double regulations including the Luxembourg Commission de Surveillance du Secteur Financier (CSSF) and the Italy Commissione Nazionale per le Società e la Borsa (CONSOB).
We searched the CONSOB and did not find any results that matched this broker.
Moreover, we found a warning issued by CSSF. According to the Luxembourg regulator, Privalux Management is a fraudulent company that is misusing the name of an authorized firm.
The truth is that Privalux Management is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
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