Sova Capital Limited is not a scam broker. However, Sova Capital Limited has been flagged by the FCA but not necessarily for anything it has done wrong or for behaving fraudulently. Instead, Sova Capital Limited has been flagged because it is insolvent and is under Special Administration. This is necessary at least until Sova Capital Limited recovers.
We Have Found Some Problems with Sova Capital Limited
If you research Sova Capital Limited you may notice it has an impressive website and seems to be a well-regarded broker. However, it has apparently fallen on hard times and can no longer trade on behalf of clients. We don’t have more information on how this happened. It could be that Sova Capital Limited will someday become financially stable again, but until then, don’t trade with them.
Red Flags Concerning Sova Capital Limited:
Sova Capital Limited is an example of why research is important. It’s not enough to trade with a licensed broker, but look at the media, regulator statements and other information.
What Should You Do If You Have an Account with Sova Capital Limited?
We do not recommend opening an account with Sova Capital Limited. If you do hold an account with this broker, close it right away and ask for a withdrawal of your funds. If the broker will not allow you to retrieve your funds, talk to ChargeBax professionals right away. We will investigate the matter, track down the broker and your funds, and will help you prepare your claim.
