ConiusFx regulation...

Hi! A friend of mine suggested this broker. But I find it pretty sketchy that this broker not transparent with what they offer, just like what most scammer do. Can you help check it for me? Thanks in advance.

 Here is the link:

https://coniusfx.com/ 

ConiusFx is not regulated and should be avoided at all events. ConiusFx claims to be domiciled in a regulated jurisdiction and displays fake license information on its website to try and improve its credibility with unsuspecting investors.

According to its homepage, the fraudulent firm claims that it is regulated by one of the world's leading financial jurisdictions, their clients can rest assured that they are trading with a safe and secure company. In other words, it shows on the bottom of its homepage that ConiusFx is regulated by the UK's Financial Conduct Authority (FCA) under the license No.509778. However, searching on FCA registry, we found the license number the fraud claimed belongs to another broker - LMAX Limited, an FCA-regulated firm owns a single approved domain address - www.LMAX.com, which obviously has no association with ConiusFx or coniusfx.com. Therefore, ConiusFx is an unauthorised firm that uses the details of a regulated entity when offering products and services.

What's worse, the Italian reguolator CONSOB has added ConiusFx into the unregistered firm alert, warning the public that ConiusFx is carrying out financial activities unlawfully. You can check full alert or warning here.

We would recommend traders to stay away from unregulated brokers like ConiusFx and trade with licensed brokers.