The owner of SAXfx is David Telyo Romano. As of August 18, 2014, SAXfx's website claims that the company is registered in New Zealand under the name BPY Group Limited. Click Here to verify that BPY Group Limited was deregistered on February 18, 2014.
New Zealand records show that Samir Beool and David Telyo Romano together owned the scam brokerage Capital One Forex. You can Click Here to verify this. Under the circumstances, the FPA feels it is necessary to warn traders against doing business with SaxFX.