Formonixasset Review

About Formonixasset

Formonixasset (website: formonixasset.trade) is not regulated by any recognized financial authority. The British Columbia Securities Commission (BCSC) issued a warning on June 28, 2022 stating that Formonixasset is not registered to trade in or advise on securities or derivatives in British Columbia, Canada. The broker’s claims of being registered in the United Kingdom and the Marshall Islands under registration numbers “13064472” and “103073” were investigated, with only a UK Companies House registration found – which does not confer financial regulation. No registration or license was located with the UK’s Financial Conduct Authority (FCA) or New Zealand’s Financial Markets Authority (FMA), despite an address allegedly in New Zealand appearing on the broker’s website. These findings indicate the absence of legal oversight or investor protection.

The broker’s website (formonixasset.trade) was found to be non-functional—likely suspended—which is often indicative of ceased operations or regulatory crackdown. A secondary source noted a "No forex trading license found" status, cautioning on the risks of engaging with this broker. The site’s lack of valid licensing and suspension of its online presence reinforce its classification as potentially fraudulent. ,

Pros and cons

Pros

• None verifiable from primary regulatory or official registration sources

Cons

• Not regulated by any recognized financial authority (BCSC warning on June 28, 2022)
• Claims of registration in UK and Marshall Islands lack regulatory backing
• No oversight from FCA or New Zealand FMA despite being linked
• Website appears suspended / non-functional
• No valid forex trading license found