- Apr 20, 2023 The UK regulator FCA issued a warning against Polar BTC
On April 21, 2023, the Financial Conduct Authority (FCA) issued a warning against Polar BTC, believing this broker might be providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/polar-btc
- Apr 20, 2023 BrokersView has reviewed that Polar BTC is an unregulated broker
Polar BTC claims to be located in London. Brokers operating in the United Kingdom, as required by the law, must obtain authorization from the Financial Conduct Authority (FCA) for offering financial products or services. However, the FCA has issued a warning against Polar BTC, believing it is illegally engaging in financial activities without proper authorization.
In essence, Polar BTC 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. It is unequivocally a scam.
Polar BTC claims to be located in London. Brokers operating in the United Kingdom, as required by the law, must obtain authorization from the Financial Conduct Authority (FCA) for offering financial products or services. However, the FCA has issued a warning against Polar BTC, believing it is illegally engaging in financial activities without proper authorization.
In essence, Polar BTC 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. It is unequivocally a scam.
- May 08, 2023 The French regulator AMF added Polar BTC to warning list
On May 9, 2023, the Financial Authority (Autorité des Marchés Financiers, AMF) added Polar BTC to warning list for it being an unauthorized company engaging in forex activities: https://www.amf-france.org/en/warnings/blacklists?page=0&conditions%5Bcategorie%5D=224
On May 9, 2023, the Financial Authority (Autorité des Marchés Financiers, AMF) added Polar BTC to warning list for it being an unauthorized company engaging in forex activities: https://www.amf-france.org/en/warnings/blacklists?page=0&conditions%5Bcategorie%5D=224
- May 21, 2023 The Spanish CNMV issued a warning against Polar BTC
On May 22, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added Polar BTC to its warning list for it providing investment services without authorization: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0
On May 22, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added Polar BTC to its warning list for it providing investment services without authorization: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0
- Jun 04, 2023 The Belgian FSMA added Polar BTC to its warning list
On June 5, 2023, the Belgian Financial Services and Markets Authority (FSMA) added Polar BTC to its warning list as a fraudulent trading platform: https://www.fsma.be/en/warnings/beware-these-new-fraudulent-trading-platforms-0
On June 5, 2023, the Belgian Financial Services and Markets Authority (FSMA) added Polar BTC to its warning list as a fraudulent trading platform: https://www.fsma.be/en/warnings/beware-these-new-fraudulent-trading-platforms-0
- Nov 02, 2023 BrokersView has Reviewed that Polar BTC is an Unregulated Broker
On November 1 2023, the domain name used in this scam was added in the Financial Conduct Authority (FCA). You can visit: https://www.fca.org.uk/news/warnings/polar-btc
On November 1 2023, the domain name used in this scam was added in the Financial Conduct Authority (FCA). You can visit: https://www.fca.org.uk/news/warnings/polar-btc
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