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Screenshot of a breaking news alert e-mail from Q2 2017
Switzerland’s Financial Market Supervisory Authority (FINMA) keeps updating its Warning List, with the latest addition being Forex broker UnitFX.
The broker, operating from https://unitfx.com, claims to have an address in Switzerland: Route de Pré-Bois Geneva 29. This is what must have caught the attention of the Swiss regulator.
The inclusion of UnitFX in FINMA’s Warning List means that it might be operating without a licence although its service requires authorization and should be supervised by the Swiss regulator. When FINMA gets information that a provider is operating without authorization, it checks the matter. In case the initial suspicions are confirmed, FINMA can launch enforcement proceedings and impose measures of varying severity, including closing the company down.
To view the warning, click here.