Sector-Fusion has been flagged by Commissione Nazionale per le Società e la Borsa for "General enforcement alerts". Consob has ordered pursuant to Article 7-octies of Italian Legislative Decree no. 58/1998 (Consolidated Law on Finance) to cease infringement of Article 18 of said Consolidated Law on Finance, put in place by:
• “Sector-Fusion” via the website www.sector-fusion.com and its page https://web... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
After seeing ads for Sector-Fusion online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Commissione Nazionale per le Società e la Borsa. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Unauthorized firm|Found in IOSCO warnings database
KYC with Sector-Fusion is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Educational resources|Tax reports included
Cons: Alert system is basic|Some tools only available on higher tiers
Tried to withdraw my funds from Sector-Fusion and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
Sector-Fusion has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Economic calendar|Fast support response|Professional team|Customizable dashboard
Cons: Mobile app could be improved
I looked into Sector-Fusion and found they appear in the regulatory warnings database. Commissione Nazionale per le Società e la Borsa has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.
Cons: Flagged by international regulators|Due diligence required
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Sector-Fusion is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Professional looking website
Cons: Withdrawal fees demanded|Communication cut off|Not authorized