FCA Issued Warning against Sollari

FCA is a well-known regulatory body in the world. It releases a list of unlicensed brokers on a daily basis to protect consumers from fraud. On 30 May 2023, the regulator body issued a warning against a broker called Sollari.

Name: Sollari

Telephone: +442080978858

Email: support@sollari.io

Website: https://www.sollari.io/

FCA stated that this firm is providing financial services or products without its authorisation in UK. FCA warned people to must avoid dealing with such firms and beware of potential scams. However, they must be careful if they do, as these brokers lack broker licenses. Therefore, the risk may exist.

Investors are advised to check the FCA Register before dealing with any financial firm. The FCA Register is a public record of all firms and individuals who are authorized to carry out regulated activities in the UK. Investors who have been approached by the three unauthorised brokers should report them to the FCA immediately.

When we searched about Sollari on Wikifx . We found this broker is not regulated. Also We noticed that Sollari only got 0.99 rating out of 10 on Wikifx. Stay away from Sollari.

About FCA

Financial Conduct Authority (FCA) is a regulatory body in the UK . The FCA's main role is to protect consumers by regulating financial products and services, promoting competition, and ensuring that financial firms are financially stable. The FCA also has the power to investigate and take enforcement action against firms that breach its rules and regulations.

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