Tan Allen Piguet Asset Management Review
Overview of Tan Allen Piguet Asset Management:
Tan Allen Piguet Asset Management claims to be a broker providing financial opportunities and wealth management but has not provided any details of the financial instruments it deals with. The broker is based in China and has 3 different offices in different cities in China, which is kind of unusual. Surprisingly, Tan Allen Piguet Asset Management has Tax consultancy office in Mauritius, a whole new country. This broker seems quite suspicious, let’s get into this review and know more about it.
About Tan Allen Piguet Asset Management:
Tan Allen Piguet Asset Management is a china based financial broker. The website of the broker lacks most of the important information and it just talks about how superior it is to other brokers without any supporting evidence. There is no information available about the company running Tan Allen Piguet Asset Management, however, it does claim to be owned by a private company but the name is not disclosed. This broker is completely opaque and despite this fact, it talks about providing its services to international clients. Lack of transparency especially in finance-related companies points towards the chances of it being a fraud.
The website of Tan Allen Piguet Asset Management doesn’t look professional at all and they have not talked clearly about the details of the services that they provide. As the broker seemed suspicious, we did some research and found a very alarming thing about it, there are various warnings issued for this broker by different countries’ governing bodies. The Financial Services and Markets Authority of the UK has issued a warning against Tan Allen Piguet Asset Management and prohibited it from providing services to the traders of the UK. The CSSF regulatory of Luxembourg has also banned Tan Allen Piguet Asset Management from providing its services on the grounds of fraudulent activities.
Is Tan Allen Piguet Asset Management a scam or legit?
Tan Allen Piguet Asset Management is an unregulated broker that has claimed to be based in china whereas having an office in Mauritius as well. The broker has not provided any details about its ownership and is completely opaque. Moreover, the broker claims to provide services in every kind of financial instrument but has not given any details of the same. All these have reduced its credibility to nearly zero but on top of everything, the fact that this crypto broker is banned by various regulators suspects it to be a scam.