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Vertexfinworth

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Operating status: SCAM

Website: https://vertexfinworth.com/

Broker violations and abnormal records
  • 2023-10-19 The FCA identifies Vertexfinworth as an unauthorized firm

    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 

    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 
  • 2023-10-22 BrokersView has reviewed that Vertexfinworth is an unregulated trading platform

    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.

    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.

Related Complaints

Q&A

What credit card can I use to withdraw on Vertexfinworth?

Sai Kikuchi
Mongolia
2023-11-07
ANSWER Due to its unlicensed status, we strongly suggest you drop the plan to engage with Vertexfinworth.While Vertexfinworth claims to be a trading platform in the UK that offers investors the ability to trade cryptocurrencies, gold, and other assets, it is important to note that Vertexfinworth is not authorized by the Financial Conduct Authority (FCA) to conduct business in the UK. Despite its alleged incorporation certificate from the Companies House (CH) to claim its legitimacy, it remains illegal because the mere registration with the CH cannot be considered as the authorization to legally solicit investors in this country. The FCA has issued a warning against Vertexfinworth, stating that it is an unauthorized firm.As such, Vertexfinworth is not safe for investors. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Individuals trading with it are exposed to fraud and identity theft. To minimize such risks, it is advisable to choose fully regulated brokers instead.
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