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Videforex

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Operating status: SCAM

Website: https://www.videforex.com/en

Broker violations and abnormal records
  • 2022-08-15 BrokersView has Reviewed that Videforex is an Unregulated Forex Broker

    Videforex claims to be operated by INVOLVA CORP, registered with the Marshall Islands Registry(IRI).

    However, the registration has been annulled on 27 May 2022. That means the broker is not registered with IRI. Besides, IRI does not regulate forex activities or issue forex licenses.  

    The truth is that Videforex 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.

    Videforex claims to be operated by INVOLVA CORP, registered with the Marshall Islands Registry(IRI).However, the registration has been annulled on 27 May 2022. That means the broker is not registered with IRI. Besides, IRI does not regulate forex activities or issue forex licenses.  The truth is that Videforex 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

Is Videforex safe to trade with??

Larry Burke
Brazil
2022-07-07
ANSWER Videforex is not a licensed or regulated broker even though it states offers that look good to be true. Videforex claims it is the trade name of INVOLVA CORP, a company regulated by the Marshall Islands Registry (IRI). Regarding to IRI, we'd like to remind traders that IRI does not issue forex licenses or regulate forex activites. We keep on reminding traders to be wary of offshore brokers in IRI as they don't provide any funds protection as well as withdrawals guagrantee. That means investors' funds in the broker is unsafe and cannot be protected by any laws. We would recommend traders stay away from unlicensed brokers like Videforex and trade with licensed brokers. If you are looking for brokers to trade with, we would recommend brokers regulated by top-tier regulators like FCA, CySEC, ASIC, etc.
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3 comments

Larry Folson
Not a bad site. Promising enough, there is room for development. I am very glad that I found this site. I will not say that I always get one profit, there are drawdowns.
2023-06-24
Reply
yrs forextrader
In practice, it turned out that it is quite possible to receive income without knowledge of trading! What is only the service of copying transactions! It has a very pleasant and convenient trading platform.
2023-06-24
Reply
Bruce Wayne
The shut down my account without any reason, they said about suspicious activity and they stole from 10k when i tried to make a 400 withdraw stay away from this offshore company
2023-06-24
Reply
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