ANSWER VHNX is not a licensed or regulated broker even though it states offers that look good to be true. VHNX claims to be owned and operated by VHNX Ltd, a company registered with St. Vincent and the Grenadines Financial Services Authority (SVG FSA) under the registration number 2316BC2021. We indeed find a match result to VHNX Ltd in SVG FSA, but the registration number is not matching to the one this broker claims. VHNX's registration in SVG FSA is suspicious.Besides, the New Zealand Financial Markets Authority (NZ FMA) issued a warning that VHNX may be operating a scam. FMA states that this entity does not hold a Derivative Issuer License and is not a registered financial service provider in New Zealand or licensed by the FMA. You can check the full warning from here.The truth is, VHNX 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 VHNX and trade with licensed brokers.
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