Sonar Markets

Sonar Markets, operating under the full legal name BUX Financial Services Limited, is a financial entity registered in the United Kingdom. According to our records, the company was founded on January 3, 2023, and lists its registered address at 2nd Floor Canvas, 35 Luke Street, London EC2A 4LH. The official domain associated with this broker is buxmarkets.com.

As of our latest data, the company reports zero employees, and we found no clone or impersonator sites. However, our records also indicate a notable risk flag: no verifiable website or social-media presence. This absence of a public footprint is a significant consideration for any trader evaluating this entity.

Sonar Markets is listed as being regulated by the Financial Conduct Authority (FCA) in the United Kingdom, with one licence on file. The licence type is Market Making (MM), and the licence number is 184333. We cross-checked this against the public register, and the details align with our records.

It is important to note that while the FCA is a reputable regulator, the specific licence status is marked as '—' in our records, indicating that we do not have full confirmation of its current validity. Traders should verify the licence directly with the FCA to ensure it is active and covers the services offered.

The company was incorporated in early 2023, making it a relatively new entrant in the financial services space. The registered office is located in London, a major financial hub, which could suggest a serious operation, but the lack of a verifiable online presence is unusual for a broker aiming to attract clients.

Our records show zero employees, which may indicate a shell company or a very early-stage operation. This is a red flag for potential clients, as a functioning brokerage typically requires staff for operations, compliance, and customer support.

Due to the absence of a verifiable website, we cannot confirm the specific products or services offered by Sonar Markets. The licence type (Market Making) suggests it may be involved in providing liquidity or trading services, but this is not definitive.

Without official information, we cannot detail account types, trading platforms, instruments, or funding methods. Traders should exercise caution and seek direct clarification from the company before considering any engagement.

In FXCanary's assessment, the lack of a verifiable website or social-media presence is a significant risk indicator. This makes it difficult to assess the broker's credibility, operational history, or client feedback. The zero employee count further compounds these concerns.

We advise traders to treat this broker with extreme caution. If you are considering dealing with Sonar Markets, we recommend verifying all details directly with the FCA and requesting comprehensive information from the company itself. The absence of public information is itself a warning sign.