Do not invest more money than you can afford to lose.
The Swiss financial markets and services regulator FINMA has issued a warning against the broker Barrons FX.
As usual, the watchdog does not provide much details, except that the company claims to have an address in Switzerland, but is not “entered in the commercial register”.
The broker itself does not provide much information, either. What we find amusing is that it seems the company cannot make up its mind about its own names. In different sentences it refers to itself either as BarronFX or BarronsFX. It claims to have been established in 2006, but does not appear to have been active at all. There is no information about its trading conditions or trading platforms.
There are neither other warnings, nor client complaints. There are no reviews of Barrons FX, either.
All those facts lead us to believe that Barrons FX is not active as a forex broker, but as always advise our readers to choose properly regulated companies. Dealing with them is less risky than with unlicensed ones, who are more often that not, a scam.
