Signet: customer reviews about the company in 2023

• Categories: CFD-Brokers

Investigation into the Scam Surrounding Signet Company

Many scammers use very primitive methods to deceive their clients. They exist for only a few months, then change their name and continue their activities under a new guise. However, there are those who run their scams much more cunningly, deceiving people for decades and remaining unpunished. Today we will investigate one such scammer – the Signet company. There are no reviews of it on Russian or foreign forums. From this review, you will learn what has been found out about this organization and why it is better to stay away from it.

Information about Signet Organization

According to the company’s statement, it has over 30 years of experience in asset management and advising clients on increasing their wealth. The absence of reviews makes one wonder about the veracity of this company’s claimed experience.

A check of the domain history shows that the site signetglobal.com actually started functioning only in 2020.

The website features photos of the project team, but there is no certainty about their authenticity. Team members do not have accounts on social networks. Perhaps scammers used stock images and presented them as their employees.

Also, the operation of the customer service raises doubts. There are no direct contact numbers to communicate with company employees, only a feedback form and several office addresses (in the UK, Switzerland, and Cyprus). Due to the lack of reviews about the support service’s work, it is impossible to judge the quality of its functioning.

Documentation and Licenses

Signet provides a set of internal documents for review, but the contents of these documents raise doubts. Scammers set extremely harsh conditions and require renunciation of financial responsibility without providing any guarantees regarding earnings.

According to the official version, the company has several divisions that have obtained permission from regulators:

• Signet Capital Management in Cyprus (AIFM 25/56/2013),
• Signet Capital Management Limited in the UK (222755).

Copies of legal documents for verification are not provided, but there are links to regulators’ websites. It is interesting that Signet Capital Management Limited has a limited license that only allows it to provide consulting services but prohibits the storage and management of client funds. So where is the investment? It turns out that they are not authorized to carry out such activities.

Although the company has a license in Cyprus, it is of no value to Russian-speaking investors. For legal provision of services in Russia, Kazakhstan, and Belarus, Signet would have to obtain permission from local regulators, which has not happened. The organization is absent from the lists of licensees:

• Central Bank of Russia,
• National Bank of Belarus,
• Agency of the Republic of Kazakhstan for Development and Regulation of the Financial Market.

It is useless to rely on the help of supervisory authorities in this situation.

Signet Company Services

Signet does not provide detailed information about its investment products and programs. It is only claimed that they manage assets worth over 1 billion dollars. The products and services they offer include:

• Asset management, where, according to the official version, investments are directed towards stocks, real estate, energy resources, and the like,
• Wealth management, which involves advising clients on investment matters.

Detailed terms are available only to authorized users. They must agree to the company’s terms and provide their personal information.

Reviews and Clients’ Experience with Signet

No reviews of the Signet company are found online. Therefore, potential clients can only get information from the official website of the fraudulent organization or its employees. Clearly, this benefits the fraudsters themselves.

If you have experience investing through this platform, post reviews and share the truth with others to warn them of the danger.

How Signet Company’s Scam Project Operates

Scammers deceive each client individually. That’s why they do not provide detailed partnership conditions. The platform operates solely to collect funds. As soon as it comes time to pay profits, the fraudsters disappear and ignore the client. Seeking help from regulators is pointless: some restrict Signet’s license and inform about this, while others simply inform you that this organization is fake and operates outside the law.

Conclusions

We do not recommend dealing with the Signet company; it is a typical financial pyramid. There are no reviews confirming their reliability. Scammers pursue a hidden policy and deceive potential victims.