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Horizon Finance

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Operating status: SCAM

Website: https://horizonfinance.live/

Broker violations and abnormal records
  • 2023-09-10 The MFSA issues a warning against Horizon Finance

    On September 11, 2023, the Malta Financial Services Authority (MFSA) issued a warning against Horizon Finance, stating this broker is neither a Maltese registered company nor licensed or otherwise authorised by the MFSA to provide any investment services or other financial services which are required to be licensed or otherwise authorised under Maltese law. https://www.mfsa.mt/news-item/mfsa-warning-horizon-finance-p24o-ltd-unlicensed-forex-broker/

    On September 11, 2023, the Malta Financial Services Authority (MFSA) issued a warning against Horizon Finance, stating this broker is neither a Maltese registered company nor licensed or otherwise authorised by the MFSA to provide any investment services or other financial services which are required to be licensed or otherwise authorised under Maltese law. https://www.mfsa.mt/news-item/mfsa-warning-horizon-finance-p24o-ltd-unlicensed-forex-broker/
  • 2023-09-11 BrokersView has reviewed that Horizon Finance is an unregulated broker

    Horizon Finance has adopted a generic website template popular among scammers. The template provides content such as regulatory information and company profiles that may not be genuine. For example, it claims to be operated by P24O Ltd, a fake firm repeatedly red-flagged by the Malta Financial Services Authority (MFSA). Horizon Finance did not even bother to correct the wrong information from the template, such as "MFSA in US".

    Since Horizon Finance claims to be regulated by MFSA, the Maltese financial regulator, to warn the public of this fake platform, has issued a warning against the platform, stating this broker is neither a Maltese registered company nor licensed or otherwise authorised by the MFSA to provide any investment services or other financial services which are required to be licensed or otherwise authorised under Maltese law.

    In essence, Horizon Finance is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. 

    Horizon Finance is unequivocally a scam.

    Horizon Finance has adopted a generic website template popular among scammers. The template provides content such as regulatory information and company profiles that may not be genuine. For example, it claims to be operated by P24O Ltd, a fake firm repeatedly red-flagged by the Malta Financial Services Authority (MFSA). Horizon Finance did not even bother to correct the wrong information from the template, such as "MFSA in US".Since Horizon Finance claims to be regulated by MFSA, the Maltese financial regulator, to warn the public of this fake platform, has issued a warning against the platform, stating this broker is neither a Maltese registered company nor licensed or otherwise authorised by the MFSA to provide any investment services or other financial services which are required to be licensed or otherwise authorised under Maltese law.In essence, Horizon Finance is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Horizon Finance is unequivocally a scam.

Related Complaints

Q&A

Is Horizon Finance a trustable firm to deal with?

asdgedf
Somalia
2023-10-18
ANSWER No, Horizon Finance is untrustworthy.Horizon Finance is a scam that uses a website template common among fraudsters. The template contains false or misleading information about the company's regulation and profile. For instance, it says it is run by P24O Ltd, a non-existent firm that the Malta Financial Services Authority (MFSA) has repeatedly warned about. Horizon Finance also has obvious errors in the template, such as "MFSA in US".Horizon Finance pretends to be regulated by MFSA, but the Maltese financial watchdog has issued a public alert against it. The alert says that Horizon Finance is not a registered company in Malta, nor does it have any license or authorization from MFSA to offer any investment or financial services that are regulated by Maltese law.Therefore, Horizon Finance has no legal oversight from any authority. Investing with this broker is extremely risky, as there are no safeguards for the investors' funds. To mitigate the risks of fraud and identity theft, we strongly suggest investors stay away from unlicensed brokers like Horizon Finance and instead choose a fully regulated one.
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