BrokersView
Search
Download
English
Sign In

VEVOFX

Save

Operating status: SCAM

Website: https://vevofx.com/

Broker violations and abnormal records
  • 2024-04-25 BrokersView has reviewed that VEVOFX is an unregulated broker

    VEVOFX purports to be owned by VEVOFX Limited, a company allegedly to hold the license issued by the Republic of Vanuatu Finance Service Commission (VFSC), under number 14547.

    However, neither "14547" nor "VEVOFX" has corresponding records in the Financial Dealers Licensee List of the VFSC, indicating that the regulatory claims are baseless. This is a red flag for fraudulent activities.

    In essence, VEVOFX is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    VEVOFX appears to be a scam.

    VEVOFX purports to be owned by VEVOFX Limited, a company allegedly to hold the license issued by the Republic of Vanuatu Finance Service Commission (VFSC), under number 14547.However, neither "14547" nor "VEVOFX" has corresponding records in the Financial Dealers Licensee List of the VFSC, indicating that the regulatory claims are baseless. This is a red flag for fraudulent activities.In essence, VEVOFX is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.VEVOFX appears to be a scam.

Related Complaints

Q&A

What is the lowest spread VEVOFX offers?

Sergei Solovev
Cuba
2024-04-28
ANSWER When choosing a broker, it's vital to prioritize their legitimacy over the trading conditions they advertise. VEVOFX is an unlicensed broker, and we strongly discourage using their services.VEVOFX claims to be licensed by the Vanuatu Financial Services Commission (VFSC). But these claims don't hold up, as the VFSC doesn't have any records to back them up. This inconsistency indicates that VEVOFX might not be as honest as they portray, especially considering their misleading regulatory statements.Our investigation raises significant concerns about VEVOFX potentially engaging in fraudulent activities. Consequently, we advise investors to avoid VEVOFX and similar unlicensed brokers. To safeguard against such risks, we suggest choosing brokers who are fully regulated.
See more

comments

Be the first to review.
Rate and Review

Your review

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.