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

KnownFX

Operating status: SCAM

Website: https://knownfx.com/

Broker violations and abnormal records

Mar 15, 2023 The UK regulator FCA added KnownFX to warning list
The Financial Conduct Authority (FCA) issued a warning against KnownFX on Mar 16, 2023 for its offering of financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/knownfx

The Financial Conduct Authority (FCA) issued a warning against KnownFX on Mar 16, 2023 for its offering of financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/knownfx
Mar 16, 2023 BrokersView has reviewed that KnownFX is an unregulated broker
KnownFX claims to hold the certificate of incorporation given by Companies House (CH) with company number 14690982. However, it should be noted that the CH is responsible for incorporating and dissolving limited companies in the UK and it does not have the legal authority to issue forex licenses or regulate forex activities. In addition, the Financial Conduct Authority (FCA), the UK financial regulator, has issued a warning against KnownFX for its offering of financial services or products in the UK without authorization.
The truth is, KnownFX 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.

KnownFX claims to hold the certificate of incorporation given by Companies House (CH) with company number 14690982. However, it should be noted that the CH is responsible for incorporating and dissolving limited companies in the UK and it does not have the legal authority to issue forex licenses or regulate forex activities. In addition, the Financial Conduct Authority (FCA), the UK financial regulator, has issued a warning against KnownFX for its offering of financial services or products in the UK without authorization.The truth is, KnownFX 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.

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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.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.