Two different broker scams with the same promising trading name UnicornFX but the different domains https://unicorn-fx.com and https://unicornfx.live currently attack consumers in Europe and North America. They are operated by different scammers. While the Canadian IIROC issued a warning against the latter, the German BaFin has warned against the first. In our review dated Feb 10, 2022, no payment option was available anymore in the https://unicorn-fx.com scam. This is typically the clear indication that the broker is about to disappear. Please let us know more about the operators of these scams!
Key data
| Trading name | UnicornFX |
| Domains | https://unicorn-fx.com https://unicornfx.live |
| Legal entities | Businesoft Ltd UnicornFX (Europe) Ltd Unicorn Global Limited |
| Jurisdictions | St. Vincent & The Grenadines Switzerland Cyprus Canada |
| Warnings | BaFin, IIROC |
Scam narrative
In its warning, BaFin points out that the operators of UnicornFX with the domain https://unicorn-fx.com are not authorized by the regulator. The website provides a business address in Zurich, Switzerland, for UnicornFX (Europe) Ltd and a business address in Kingston, St. Vincent & The Grenadines for the co-operator Businesoft Ltd. The very carefully worded warning from BaFin means that this broker is a scam. No more and no less. The regulators are always super-cautious in their choice of words.
The UnicornFX broker with the domain https://unicornfx.live apparently attacks mainly North American and Canadian consumers. The scam is available in English and Chinese.
Share information
The UnicornFX broker scams seem to be vanishing. We would still like to know more about the operators and the (former) facilitators. If you have any information in this regard, please share it with us via our whistleblower system, Whistle42.
