FCA Exposed Two Major Red Flags

The Financial Conduct Authority (FCA) has issued a warning regarding two unauthorised firms operating in the financial sector. These firms have been identified as engaging in activities without the necessary authorization from the FCA. The names of these entities are Saturn4U & KonohaFX.

Name: Saturn4U

Address: Lagerusrasse 107, Zurich, SWITZERLAND, 8004

Telephone: +442035350251

Fax: +14184740936

Email: support@saturn4u.com

Website: https://saturn4u.com

Name: KonohaFX

Address: 36 Aigyptou Avenue, Larnaca, CYPRUS, 6030

Telephone: +442039897211

Mobile: +61862459638

Email: support@konohafx.io

Website: konohafx.io

FCA urges individuals to remain vigilant and report any suspicious activities or firms to the appropriate authorities. By staying informed and cautious, consumers can help safeguard themselves and others from falling victim to financial scams. It is essential to only deal with authorized firms to ensure the security and legitimacy of any financial transactions.

WiKiFX Review

According to WikiFX, when we searched for both firms on WikiFX, We discovered that both are low-scoring brokers. Also, they are unlicensed too. WiKiFX issued a warning against such brokers by stating:

Warning: Low score; please stay away!

It has been verified that these brokers currently have no valid regulations. Please be aware of the risk.

If you want to stay up to date regarding the forex market Visit the WiKiFX website and be an informed trader.