The UK FCA issues a warning against Connexar Capital On 4 Decmber, 2023, the Financial Conduct Authority (FCA) issued a warning against Connexar Capital, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/connexar-capital

BrokersView has reviewed that Connexar Capital is an unregulated broker According to its website, it claims registered in St. Vincent & the Grenadine as an International Business Company with the Registered number: 26798 BC 2022, but upon investigaion, no matching information was found in the St. Vincent & the Grenadine Financial Services Authority (SVG FSA). In addition, it is registered in England and U.K Company House with company Incorporation number 13914199, upon investigation, the relevant information was found in CH, but the status showed that the account was overdue, and simply registering with CH does not mean that it is authorized to provide financial services or products legally in the UK.Futhermore, the Financial Conduct Authority (FCA) issued a warning against Connexar Capital, believing this broker might be providing financial services or products without proper authorization.The truth is that Connexar Capital is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.Connexar Capital is a scam.

BrokersView has reviewed that Connexar Capital is an unregulated broker It claimed that connexarcapital.com had ceased operations and all content had been moved to a new domain name, onexar.com. After carefully checking the content of the new website, we found that it actively displayed the AOFA license to investors on the website. After checking, it was found that it had not registered the website address with Anjouan Offshore Finance Authority (AOFA), which made it impossible for investors to further verify the authenticity of its license. In addition, the regulatory agency is an offshore regulator with unclear regulatory regulations and questionable regulatory effectiveness. In essence, Connexar Capital is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Connexar Capital appears to be a scam.

I want to trade with Connexar Capital. Do you recommend Connexar Capital? Update (May 2024):It's important to note that Connexar Capital has obtained an International Brokerage and Clearing House License from the Anjouan Offshore Finance Authority (AOFA) as of 20 April, 2024.Historical Content (Dec 2023):Connexar Capital falsely claims to be registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA). It is a firm with an overdue registration account in the Companies House (CH) registry and has been red-flagged by the Financial Conduct Authority (FCA) as an unauthorized firm in the UK (you can refer to here for the full FCA warning).These findings suggest that Connexar Capital is not reliable. Trading with this platform could lead to fraud and identity theft, potentially harming investors both financially and personally. To avoid such risks, it is recommended to steer clear of unlicensed brokers like Connexar Capital and instead choose fully regulated ones. View Source