St. Vincent & the Grenadines Financial Services Authority warns HorizonCFDs is not registered and alleges forged regulatory documents

The St. Vincent and the Grenadines Financial Services Authority issued a public warning that an entity operating as HorizonCFDs is not registered in St. Vincent and the Grenadines and that its claims of legitimacy are misleading, deceptive, and fraudulent. The notice flags references in HorizonCFDs’ client documentation and the use of a purported registration number “88102 LLC 2021” as part of the deception. The Authority also clarified that it does not issue licences for Forex trading or brokerage activities and does not regulate or license Business Companies or Limited Liability Companies engaged in such activities in the jurisdiction, while noting that any St. Vincent and the Grenadines-registered BC or LLC conducting Forex trading or brokerage must obtain appropriate authorisation in the jurisdictions where its clients are located. It further stated that any documents presented by HorizonCFDs claiming incorporation, registration, licensing, affiliation, or other recognition by the Authority are false and forged, and cautioned the public against transacting with the entity due to the risk of fraud and financial loss.