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VenusFX

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Operating status: SCAM

Website: https://venusfx.co/

Broker violations and abnormal records
  • 2023-02-27 The UK regulator FCA added VenusFX to warning list

    The Financial Conduct Authority (FCA) has issued a warning against VenusFX on February 28, 2023, revealing that this broker might be providng financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/venusfx-venusfxco

    The Financial Conduct Authority (FCA) has issued a warning against VenusFX on February 28, 2023, revealing that this broker might be providng financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/venusfx-venusfxco
  • 2023-03-21 BrokersView has reviewed that VenusFX is an unregulated broker

    VenusFX presents zero details on its regulatory status, which is a distinct characteristic of unlicensed brokers, as legit broker always present their accreditation and licenses in a prominent position. In addition, the Financial Conduct Authority (FCA) has issued a warning against VenusFX for its offering of financial products or services in the UK without authorization.

    The truth is, VenusFX 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.

    VenusFX presents zero details on its regulatory status, which is a distinct characteristic of unlicensed brokers, as legit broker always present their accreditation and licenses in a prominent position. In addition, the Financial Conduct Authority (FCA) has issued a warning against VenusFX for its offering of financial products or services in the UK without authorization.The truth is, VenusFX 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.

Related Complaints

Q&A Complaints

VenusFX is a regulated dealer or not?

Daoud
Indonesia
2023-03-23
ANSWER VenusFX is an unregulated broker even though it states offers that look too good to be true.VenusFX presents zero details on its regulatory status, which is a distinct characteristic of unlicensed brokers, as legit broker always present their accreditation and licenses in a prominent position. In addition, the Financial Conduct Authority (FCA) has issued a warning against VenusFX for its offering of financial products or services in the UK without authorization. You can check the full warning from here.Regarding your question, VenusFX is not supervised by any financial regulatory bodies. Letting this broker hold and control investors' funds or trading with them is very risky. There are no safeguards in place to protect investors. We would suggest investors stay away from unlicensed brokers like VenusFX and trade with fully regulated brokers.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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