Tedex, operated by Vermillion Consulting LLC, claims to be a reliable broker that is registered with Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) under registration number 1341 LLC 2021. We searched the number in the SVG FSA register and found no matching result. But we could find a matching result by searching the company name. However, please be informed that SVG FSA does not regulate forex activities or issue forex licenses. Having registration does not mean being authorized to provide forex services.
Moreover, the Austrian Financial Market Authority (FMA) issued a warning that Tedex is not authorised to carry out banking transactions in Austria that require a licence. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others. And the Spain Comisión Nacional del Mercado de Valores (CNMV) issued a warning that Tedex is not authorised to provide the investment services in Spain.
The truth is that Tedex 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.
Tedex, operated by Vermillion Consulting LLC, claims to be a reliable broker that is registered with Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) under registration number 1341 LLC 2021. We searched the number in the SVG FSA register and found no matching result. But we could find a matching result by searching the company name. However, please be informed that SVG FSA does not regulate forex activities or issue forex licenses. Having registration does not mean being authorized to provide forex services. Moreover, the Austrian Financial Market Authority (FMA) issued a warning that Tedex is not authorised to carry out banking transactions in Austria that require a licence. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others. And the Spain Comisión Nacional del Mercado de Valores (CNMV) issued a warning that Tedex is not authorised to provide the investment services in Spain.The truth is that Tedex 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.