VHNX, operated by VHNX Ltd, claims to be registered with Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) under registration number 2316BC2021. However, we searched the number in SVG FSA and did not find the company. But we could find a matching result by searching the company name VHNX Limited. VHNX's registration is suspicious. Besides, SVG FSA does not regulate forex activities. Having registration does not mean being authorized to provide financial services.
What's more, the New Zealand Financial Markets Authority (NZ FMA) issued a warning that VHNX may be operating a scam. The entity does not hold a Derivative Issuer License and is not a registered financial service provider in New Zealand or licensed by the FMA. As such, it is not permitted to offer derivative trading services to New Zealand retail customers.
The truth is that VHNX is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
VHNX, operated by VHNX Ltd, claims to be registered with Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) under registration number 2316BC2021. However, we searched the number in SVG FSA and did not find the company. But we could find a matching result by searching the company name VHNX Limited. VHNX's registration is suspicious. Besides, SVG FSA does not regulate forex activities. Having registration does not mean being authorized to provide financial services. What's more, the New Zealand Financial Markets Authority (NZ FMA) issued a warning that VHNX may be operating a scam. The entity does not hold a Derivative Issuer License and is not a registered financial service provider in New Zealand or licensed by the FMA. As such, it is not permitted to offer derivative trading services to New Zealand retail customers.The truth is that VHNX is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.