ANSWER HorizonFXPro is not a licensed or regulated broker even though it states offers that look good to be true.HorizonFXPro claims to be registered in the St. Vincent and the Grenadines Financial Services Authority (SVG FSA) with registration number: 530LL02020. We do find a matching result to HorizonFXPro in SVG FSA. However, please be informed that the SVG FSA does not regulate forex activities. Moreover, the Spanish National Securities Market Commission (CNMV) has issued a warning against HorizonFXPro, stating that this broker does not hold authorisation under the Spain CNMV to provide financial services. You can check the full warning from here.The truth is, HorizonFXPro is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like HorizonFXPro and trade with licensed brokers.
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