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.
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