Formonixasset Review : Fees, Pros and Cons, Reviews by Real Traders

Formonixasset

Operating status: SCAM

Website: https://formonixasset.trade

Broker violations and abnormal records

Jun 27, 2022 The British Columbia BCSC Added Formonixasset into Its Warnings
On 28 June 2022, the British Columbia Securities Commission (BCSC) issued a warning that Formonixasset is not registered to trade in, or advise on, securities or derivatives in BC. You may visit: https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2022/formonixasset

On 28 June 2022, the British Columbia Securities Commission (BCSC) issued a warning that Formonixasset is not registered to trade in, or advise on, securities or derivatives in BC. You may visit: https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2022/formonixasset
Jul 28, 2022 BrokersView has Reviewed that Formonixasset is an Unregulated Forex Broker
Formonixasset claims to be registered in the United Kingdom and the Marshall island under registration numbers 13064472 and 103073. So we searched with Companies House of United Kingdom (CH) and the Marshall Islands Registry (IRI), but we only found a matching result in the CH. Besides, CH does not regulate forex activities or issue forex licenses. Having registration does not mean being authorized to provide financial services or products.
The authority that regulates financial services in the UK is the United Kingdom Financial Conduct Authority (UK FCA). However, we did not find any results that matched this broker. That means Formonixasset is not authorized to provide financial services in the UK.
A document on Formonixasset's website presents an address of this broker in New Zealand. So we searched the New Zealand Financial Markets Authority (NZ FMA) and still found nothing about Formonixasset.
Moreover, the British Columbia Securities Commission (BCSC) issued a warning that Formonixasset is not registered to trade in, or advise on, securities or derivatives in BC.
The truth is that Formonixasset 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.

Formonixasset claims to be registered in the United Kingdom and the Marshall island under registration numbers 13064472 and 103073. So we searched with Companies House of United Kingdom (CH) and the Marshall Islands Registry (IRI), but we only found a matching result in the CH. Besides, CH does not regulate forex activities or issue forex licenses. Having registration does not mean being authorized to provide financial services or products. The authority that regulates financial services in the UK is the United Kingdom Financial Conduct Authority (UK FCA). However, we did not find any results that matched this broker. That means Formonixasset is not authorized to provide financial services in the UK.A document on Formonixasset's website presents an address of this broker in New Zealand. So we searched the New Zealand Financial Markets Authority (NZ FMA) and still found nothing about Formonixasset. Moreover, the British Columbia Securities Commission (BCSC) issued a warning that Formonixasset is not registered to trade in, or advise on, securities or derivatives in BC.The truth is that Formonixasset 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.
Nov 24, 2022 BrokersView has found that Formonixasset is not working
BrokersView found the domain "https://formonixasset.trade" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

BrokersView found the domain "https://formonixasset.trade" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

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