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UNICORN FX

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Operating status: SCAM

Website: https://unicornfxlive.com/

Broker violations and abnormal records
  • 2023-06-05 The UK FCA issued a warning against UNICORN FX

    On June 6, 2023, the Financial Conduct Authority (FCA) issued a warning against UNICORN FX, believing this broker might be providing financial services or products without proper authorization: https://www.fca.org.uk/news/warnings/unicorn-fx

    On June 6, 2023, the Financial Conduct Authority (FCA) issued a warning against UNICORN FX, believing this broker might be providing financial services or products without proper authorization: https://www.fca.org.uk/news/warnings/unicorn-fx
  • 2023-06-07 BrokersView has reviewed that UNICORN FX is an unregulated broker

    UNICORN FX claims to be owned and operated by UNICORN FOREX LIMITED, a company registered with the Companies House (CH) under Registration Number 12642940. While it is true that we found corresponding records in the CH register, investors must bear in mind that the CH only serves as a registrar of companies and is not empowered to issue financial licenses or regulate the financial industry. Brokers in the UK are required to obtain authorization from the Financial Conduct Authority (FCA) before soliciting investors. However, the FCA has issued a warning against UNICORN FX for offering financial services or products without proper authorization.

    In essence, UNICORN FX is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    UNICORN FX claims to be owned and operated by UNICORN FOREX LIMITED, a company registered with the Companies House (CH) under Registration Number 12642940. While it is true that we found corresponding records in the CH register, investors must bear in mind that the CH only serves as a registrar of companies and is not empowered to issue financial licenses or regulate the financial industry. Brokers in the UK are required to obtain authorization from the Financial Conduct Authority (FCA) before soliciting investors. However, the FCA has issued a warning against UNICORN FX for offering financial services or products without proper authorization.In essence, UNICORN FX is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Related Complaints

Q&A

What license does UNICORN FX hold?

Justas Petronis
Slovakia
2023-08-08
ANSWER UNICORN FX doesn't hold a valid license to offer trading services.While UNICORN FX claims that its operator, UNICORN FOREX LIMITED, is registered with the Companies House (CH), investors must bear in mind that the CH only serves as a registrar of companies and is not empowered to issue financial licenses or regulate the financial industry. Brokers in the UK are required to obtain authorization from the Financial Conduct Authority (FCA) before soliciting investors. However, the FCA has issued a warning against UNICORN FX for offering financial services or products without proper authorization.In conclusion, UNICORN FX is not a licensed broker, coming with significant risks, such as financial losses and identity theft. Without regulatory oversight, investors are not protected by rules from fraud or theft. Therefore, we strongly suggest investors stay away from unlicensed brokers like UNICORN FX and instead choose a fully regulated one.
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