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SoarFxGB

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Operating status: SCAM

Website: https://soarfxgb.net/

Broker violations and abnormal records
  • 2022-10-18 The UK FCA Added SoarFxGB into Its Warnings

    On 19 Oct 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that SoarFxGB was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/soarfxgb

    On 19 Oct 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that SoarFxGB was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/soarfxgb
  • 2022-10-19 BrokersView has Reviewed that SoarFxGB is an Unregulated Currency Broker

    SoarFxGB claims to be located in the UK and registered with Companies House of United Kingdom (CH). It also presents a link to CH on its website, showing the company detail page on CH. However, CH 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.

    As per United Kingdom law, almost all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we only found a warning against this scam in UK FCA.

    The regulator warned that SoarFxGB was providing financial services or products in the UK without authorisation.

    The truth is that SoarFxGB 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.

    SoarFxGB claims to be located in the UK and registered with Companies House of United Kingdom (CH). It also presents a link to CH on its website, showing the company detail page on CH. However, CH 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.As per United Kingdom law, almost all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we only found a warning against this scam in UK FCA.The regulator warned that SoarFxGB was providing financial services or products in the UK without authorisation.The truth is that SoarFxGB 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.
  • 2022-12-12 BrokersView has found that SoarFxGB is not working

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

Related Complaints

Q&A

Will my deposit be in a segregated account? Is it safe?

Chris Hunter
Marshall Islands
2022-12-28
ANSWER SoarFxGB claims to be located in the United Kingdom and registered with Companies House of United Kingdom (CH). It also presents a link to CH on its website, showing the company detail page on CH. However, CH is the United Kingdom's registrar of companies which has no legit rights to regulate any forex activities. Having registration does not mean having any regulation.As per United Kingdom law, almost all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (FCA). However, we only found a warning against this broker in FCA. The regulator warned that SoarFxGB was providing financial services or products in the UK without authorisation. You can check the full warning from here.The truth is, SoarFxGB is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like SoarFxGB and trade with licensed brokers.
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