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.
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.