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SQUARE FX

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Operating status: SCAM

Website: https://squarefx.uk/

Broker violations and abnormal records
  • 2022-12-21 The UK FCA Added SQUARE FX into Its Warnings

    On 22 Dec 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that SQUARE FX was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/square-fx

    On 22 Dec 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that SQUARE FX was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/square-fx
  • 2022-12-27 BrokersView has Reviewed that SQUARE FX is an Unregulated Forex Broker

    SQUARE FX claims to be located in the UK and registered there with company number 13984949. 

    We searched Companies House of United Kingdom (CH) and found the company. However, CH is not a forex regulator. It does not regulate forex brokers or issue forex licenses. Having registration or not, therefore, does not mean being authorized to provide financial services.

    As per United Kingdom law, almost all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we only found a warning against this scam in UK FCA.

    FCA warned that SQUARE FX was providing financial services or products in the UK without authorisation.

    The truth is that SQUARE FX 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.

    SQUARE FX claims to be located in the UK and registered there with company number 13984949. We searched Companies House of United Kingdom (CH) and found the company. However, CH is not a forex regulator. It does not regulate forex brokers or issue forex licenses. Having registration or not, therefore, does not mean being authorized to provide financial services.As per United Kingdom law, almost all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we only found a warning against this scam in UK FCA.FCA warned that SQUARE FX was providing financial services or products in the UK without authorisation.The truth is that SQUARE FX 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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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.