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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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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.

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