VenusFX broker is suspected to be a scam. Read this VenusFX review if you have planned to trade with VenusFX broker or scammed by them.
VenusFX Website: https://venusfxtrading.com/
VenusFX Address: NA
Is VenusFX regulated or not? Unregulated
VenusFX Warnings: Financial Conduct Authority (United Kingdom)
|Date Registered||December 03, 2021|
|Domain Age||1 year, 2 months, 6 days, 13 hours, 59 minutes, 39 seconds|
VenusFX Review Introduction
VenusFX is an online trading platform that claims to provide reliable and secure trading to its users. The website of VenusFX is found at https://venusfxtrading.com/. But there is no information on the Venus FX website indicating who owns or runs the company. They only provide a contact email, [email protected] They hide all the details, such as the owner’s name, address, contact number, regulated license, etc. The lack of information shows that VenusFX is an unregulated broker and possibly involved in scams. Read this complete VenusFX review to know more about this broker.
If a broker is unregistered or regulated by a body outside your nation, you may not have any legal recourse if your money is taken. If a broker steals your money, you can only report them if they are licensed by the relevant body in your country. Brokers that lack a license from the regulatory agencies in your country are usually unregulated and should be avoided. Even if a company is regulated, stay away from it if the regulator is located elsewhere. We strongly advise you to reconsider trading with VenusFX if you have an account with them or have contemplated doing so. This broker has received a warning from the FCA (Financial Conduct Authority), which considers it suspect due to a number of issues, including its license and trading practices.
The FCA regulatory authority has discovered some warning signs against Venusfx
- Lack of transparency
- False statements
- Account problems
- Customer complaints
Lack of transparency: VenusFX hasn’t provided enough details on its administrators. All brokers must provide customers with their names, locations, license numbers, addresses, and phone numbers. A lack of information could be a sign of a fraudulent broker.
False statements: The VenusFX website may contain information that is not accurate. Instead of using credentials, many alleged scammers rely on hype and exaggeration. Customers may, as a result, have a false impression of the services.
Financial issues: Due to the limited account access of Venus FX, customers filed complaints in the FCA. Their requests for withdrawals might have gone unanswered, or they might have been threatened with exorbitant costs for the ability to conduct transactions.
Customer complaints: The FCA has received numerous customer complaints regarding Venusfx. Regulators look into accusations to see if they are valid rather than simply flagging brokers based on the volume of complaints. If the FCA is red-flagging Venusfx, there are undoubtedly a lot of unhappy clients.
How does the VenusFX scam work?
Scam brokers frequently get in touch with you through internet adverts, social media sites, or the phone. You’ll get a call from them asking for a deposit. They will promise fast make a profit off of a small investment in order to earn your trust. After winning your trust, they want a large deposit. Then, fraudulent brokers present some proof that you are losing money in the market. But you won’t realize that they are scammers until you have lost your hard-earned cash.
VenusFX Review Conclusion
Trading scams advise that trading with VenusFX broker, or any other unlicensed brokers is not safe for trading. Avoiding needless risk is preferable, and responding appropriately to fraud is also essential. You are able to submit a chargeback for fund recovery if you were the victim of an online scam. Submit a scam complaint using our online form. We provide a free consultation and help you with the fund recovery procedure. We also share a list of scam brokers 2023 on our website that will help you avoid online scams.
Also, read Adar Capital review here.
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