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Operating status: SCAM

On 7 Oct 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Adar Capital was a clone firm. The fraudster was using the details of firms UK FCA authorise to try to convince people that it works for a genuine, authorised firm. You may visit: https://www.fca.org.uk/news/warnings/adar-capital-clone-fca-authorised-firm
BrokersView has found that Adar Capital is using a new domain, https://www.adar.capital/, to scam.
Adar Capital, operated by Sonorous Group LLC, claims to be registered with Saint Vincent and the Grenadines Financial Services Authority (SVG FSA), No. 1997 LLC 2022. We searched SVG FSA and found the result. However, SVG FSA 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.
Moreover, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Adar Capital was a clone firm. The fraudster was using the details of firms UK FCA authorise to try to convince people that it works for a genuine, authorised firm.
The truth is that Adar Capital 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.
On 7 Nov 2022, the Spain Comisión Nacional del Mercado de Valores (CNMV) issued a warning that Adar Capital was not authorised to provide the investment services in Spain. You may visit: http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=adar.capital
On 8 Oct 2022, BrokersView found the domain https://www.adarcapital.pro/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.
Adar Capital frequently changes its domains in an attempt to defraud as many as investors. We have recently discovered that this scammer is using a new website address https://adarcapital.cc/ to solicit investors. Please beware of the risks involved and stay away from it.
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