Operating status: SCAM
On April 28, 2023, the Financial Conduct Authority (FCA) issued a warning against ViniFx, believing this broker might be providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/vinifx
On May 4, 2023, BrokersView has found that the website of ViniFx is inaccessible, which is a red flag, suggesting potential issues with the broker's reliability and resources.
ViniFx used to claim to be registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) under the license number 1884. However, we can no longer find records in the SVG FSA registry matching this broker. In addition, we have found that this broker's website is not properly functioning, a red flag suggesting potential issues with its reliability and resources, as a website is necessary for a broker to display their important information and facilitate trading. More importantly, the Financial Conduct Authority (FCA) has issued a warning against ViniFx for illegally carrying on business without proper authorization.
In essence, ViniFx 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. It is unequivocally a scam.