Operating status: SCAM
On October 20, 2023, the Financial Conduct Authority (FCA) issued a warning against Vertexfinworth, demonstrating that it is an unauthorized firm soliciting investors in the UK. https://www.fca.org.uk/news/warnings/vertexfinworth
Vertexfinworth claims to be a trading platform in the UK for investors to trade cryptocurrencies, gold, and other assets.
While it provides an incorporation certificate from the Companies House (CH) to claim its legitimacy, it is crucial to note that the mere registration with the CH cannot be considered as the authorization to legally solicit investors.
As per UK law, businesses and individuals offering financial services or products in the UK are required to seek authorization from the Financial Conduct Authority (FCA) before they can conduct business. However, the FCA has issued a warning against Vertexfinworth, stating that it is an unauthorized firm in the UK.
In essence, Vertexfinworth is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.
Vertexfinworth is unequivocally a scam.