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Victory FX

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Operating status: SCAM

Website: https://www.victoryfx.uk/

Broker violations and abnormal records
  • 2022-10-24 The UK FCA Added Victory FX into Its Warnings

    On 25 Oct 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Victory FX was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/victory-fx


    On 25 Oct 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Victory FX was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/victory-fx
  • 2022-10-26 BrokersView has Reviewed that Victory FX is an Unregulated Forex Broker

    Victory FX claims to be a licensed broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. 

    According to its website, the broker is located in the UK. As per United Kingdom law, almost all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we only found a warning against this scam in UK FCA.

    The regulator warned that Victory FX was providing financial services or products in the UK without authorisation.

    The truth is that Victory FX 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.

    Victory FX claims to be a licensed broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. According to its website, the broker is located in the UK. As per United Kingdom law, almost all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we only found a warning against this scam in UK FCA.The regulator warned that Victory FX was providing financial services or products in the UK without authorisation.The truth is that Victory FX 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.

Related Complaints

Q&A

Why can't I login my account?

Stifff
Mali
2023-02-07
ANSWER Victory FX is not a licensed or regulated broker even though it states offers that look good to be true. Victory FX claims to be a licensed broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. According to its website, the broker is located in the UK. As per United Kingdom law, almost all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (FCA). However, we only found a warning against this broker issued by FCA for providing financial services or products in the UK without authorization. You can check the full warning from here.The truth is, Victory FX is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Victory FX and trade with licensed brokers.
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