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FxRevenues

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Operating status: SCAM

Website: https://fxrevenues.com; https://fxrevenues.org/

Broker violations and abnormal records
  • 2022-08-09 The New Zealand FMA Added FxRevenues into Its Warnings

    On 10 Aug 2022, the New Zealand Financial Markets Authority (NZ FMA) issued a warning that FxRevenues may be operating a scam. The entity does not hold a Derivative Issuer License and is not a registered financial service provider in New Zealand or licensed by the FMA. As such, it is not permitted to offer derivative trading services to New Zealand retail customers. You may visit: https://www.fma.govt.nz/scams/scams-list/investor-alert-vhnx/

    On 10 Aug 2022, the New Zealand Financial Markets Authority (NZ FMA) issued a warning that FxRevenues may be operating a scam. The entity does not hold a Derivative Issuer License and is not a registered financial service provider in New Zealand or licensed by the FMA. As such, it is not permitted to offer derivative trading services to New Zealand retail customers. You may visit: https://www.fma.govt.nz/scams/scams-list/investor-alert-vhnx/
  • 2022-08-09 BrokersView has Reviewed that FxRevenues is an Unregulated Forex Broker

    FxRevenues, operated by VHNX Ltd, claims to be registered with Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) under registration number 2316BC2021. However, we searched the number in SVG FSA and did not find the company. But we could find a matching result by searching the company name VHNX Limited. FxRevenues's registration is suspicious. Besides, SVG FSA does not regulate forex activities. Having registration does not mean being authorized to provide financial services. 

    What's more, the New Zealand Financial Markets Authority (NZ FMA) issued a warning that FxRevenues may be operating a scam. The entity does not hold a Derivative Issuer License and is not a registered financial service provider in New Zealand or licensed by the FMA. As such, it is not permitted to offer derivative trading services to New Zealand retail customers.

    The truth is that FxRevenues 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.

    FxRevenues, operated by VHNX Ltd, claims to be registered with Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) under registration number 2316BC2021. However, we searched the number in SVG FSA and did not find the company. But we could find a matching result by searching the company name VHNX Limited. FxRevenues's registration is suspicious. Besides, SVG FSA does not regulate forex activities. Having registration does not mean being authorized to provide financial services. What's more, the New Zealand Financial Markets Authority (NZ FMA) issued a warning that FxRevenues may be operating a scam. The entity does not hold a Derivative Issuer License and is not a registered financial service provider in New Zealand or licensed by the FMA. As such, it is not permitted to offer derivative trading services to New Zealand retail customers.The truth is that FxRevenues 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.
  • 2022-12-01 BrokersView has found that FxRevenues is not working

    BrokersView found the domain "https://fxrevenues.org/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    BrokersView found the domain "https://fxrevenues.org/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.
  • 2023-02-07 The UK FCA Added FxRevenues into Its Warnings

    On 8 Feb 2023, the United Kingdom Financial Conduct Authority (FCA) issued a warning that FxRevenues may be providing financial services or products in the UK without authorization. You may visit: https://www.fca.org.uk/news/warnings/fx-revenues-fxrevenuescom

    On 8 Feb 2023, the United Kingdom Financial Conduct Authority (FCA) issued a warning that FxRevenues may be providing financial services or products in the UK without authorization. You may visit: https://www.fca.org.uk/news/warnings/fx-revenues-fxrevenuescom
  • 2023-04-27 The Ontario regulator OSC issued a warning against FxRevenues

    On April 28, 2023, the Ontario Securities Commission (OSC) issued a warning against FxRevenues, stating that this broker is not registered in Ontario to engage in the business of trading in securities: https://www.osc.ca/en/investors/warnings/fxrevenues

    On April 28, 2023, the Ontario Securities Commission (OSC) issued a warning against FxRevenues, stating that this broker is not registered in Ontario to engage in the business of trading in securities: https://www.osc.ca/en/investors/warnings/fxrevenues

3 comments

Ross Bowles
I joined FX Revenues/VHNX on 22nd February, 2024. From that time until 21st June, 2024, I had invested $150,000 USD. I live in Sydney, Australia. They tricked me into signing a contract by firstly, not disclosing that it was a contract and secondly not advising me of its contents beforehand. Strict stipulations in the contract are: Ongoing depositing of funds. 555 lots must be traded each month or 20,000 lots over a 3 year period. 4 different types of trades must be allocated each month equally. Currency pairs, indices, stocks and commodities. So that means 555 lots divided by 4.A meagher monthly withdrawal of 2% of profits generated only. To withdraw from the contract penalties of 50% of your initial investment apply. All profits forfeited and becomes the property of FX Revenues. All bonus monies forfeited and subtracted from your balance, even though those funds belong to the company and are not part of the client's balance. Any outstanding credit amounts to incur a 2% per day penalty added to the initial credit amount borrowed. In my case, that Basically calculates to a zero refund upon closure of my account. To achieve these above conditions pertained in the contract, you must also hand over control of your portfolio to their so called experts for them to allocate the asset trades on your behalf, but it is you that place those trades onto your trading platform as per their suggestions. No withdrawals allowed, other than what is stated in the contract. I obviously made numerous complaints via email and on phone calls and refused to relinquish control of my portfolio. The end result after many attempts to retrieve my money...they disengaged my option to trade thereby resulting in the inability to open or close trades making the trading platform absolutely useless. Currently my balance is just over $213,000 USD with 17 trades currently running and accumulating swap fees each day. Since July of last year, I have been gathering evidence on a large scale. Hundreds of screenshots, recorded phone conversations and live video of my trading platform with commentary from myself in the background, explaining the the difference rorts and cover-ups of their operational activities. Finally, I have to face up to facts and that is that my investment is gone. I have lost all of my money to an investment company that I believe use the Ponzi Scheme to target their unsuspecting victims.
2025-03-19
Reply
Brokersview Official
Dear, about your problems encountered in this broker, you can submit a complaint with your proofs, Please click the link to submit:https://www.brokersview.com/complaint service@brokersview.com
2025-03-19
Reply
Richard
Fx revenues are a bunch of rotten lying scumbags and need to be destroyed There are more scammers than legitimate businesses and it’s everywhere in finance
2024-03-20
1
Reply
N. K.
Exactly - They stole millions of dollars of my capital. I am seeking a way to apprehend all the individuals involved in this fraudulent operation, including the site operators and employees, with the assistance of the Canadian or international cybercrimes police department, and the courts of those countries or internationally. Have you filed a complaint and obtained a resolution or do you know a way?!
2024-04-12
Reply
Vuqar
I'm Vugar A. from Baku, Azerbaijan, and I urgently need to share a distressing experience with FxRevenues. They claimed to operate from Toronto, Canada, and persuaded me to invest $91,000 USD in stocks through reputed American banks. After the transfer, FxRevenues stopped responding to calls, only mocking me when they did. They called at their convenience, just to play games. It's clear they're running a scam. Please heed this warning and avoid FxRevenues at all costs.
2024-01-21
1
Reply
N. K.
Exactly - They stole millions of dollars of my capital. I am seeking a way to apprehend all the individuals involved in this fraudulent operation, including the site operators and employees, with the assistance of the Canadian or international cybercrimes police department, and the courts of those countries or internationally. Have you filed a complaint and obtained a resolution or do you know a way?!
2024-04-12
Reply
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