SquareFx Added to Warning List by The Financial Commission and FCA

The Financial Commission, an external dispute resolution (EDR) body dedicated specifically to FX, announced that it has added SquareFx (Square Fx LTD) to its Warning List.

Concerned traders have notified the Financial Commission regarding the company SquareFx (Square Fx LTD) and its associated website. 

Upon reviewing the submitted information from potential customers of this broker, the Financial Commission has determined that the indicated company and associated website may be used to scam and defraud traders and investors.

As such, the Commission does not recommend doing business with this entity, either individuals purporting to represent this broker on social media and in private messages on popular messaging apps. Given this information, SquareFx (Square Fx LTD) will be placed on the Financial Commission's Warning List.

Last week, FCA, the UK's financial watchdog, has also added the entity to its warning list, stating that firm is not authorized or registered by the regulator.