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Virtual FXtrade

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Operating status: SCAM

Website: https://virtual-fxtrade.com

Broker violations and abnormal records
  • 2022-07-24 The Ontario OSC Added Virtual-FXtrade into Its Warning

    On 25 July 2022, the Ontario Securities Commission (OSC) issued a warning that Virtual-FXtrade is not registered in Ontario to engage in the business of trading in securities. You may visit: https://www.osc.ca/en/investors/warnings/virtual-fxtrade-limited


    On 25 July 2022, the Ontario Securities Commission (OSC) issued a warning that Virtual-FXtrade is not registered in Ontario to engage in the business of trading in securities. You may visit: https://www.osc.ca/en/investors/warnings/virtual-fxtrade-limited
  • 2022-07-26 BrokersView has Reviewed that Virtual-FXtrade is an Unregulated Forex Broker

    Virtual-FXtrade claims to be a well regulated broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag.

    Virtual-FXtrade also claims to be a UK-based broker. As per United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we did not find any results that matched this broker in UK FCA.

    Moreover, the Ontario Securities Commission (OSC) issued a warning that Virtual-FXtrade is not registered in Ontario to engage in the business of trading in securities.

    The truth is that Virtual-FXtrade 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.

    Virtual-FXtrade claims to be a well regulated broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag.Virtual-FXtrade also claims to be a UK-based broker. As per United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we did not find any results that matched this broker in UK FCA.Moreover, the Ontario Securities Commission (OSC) issued a warning that Virtual-FXtrade is not registered in Ontario to engage in the business of trading in securities.The truth is that Virtual-FXtrade 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.
  • 2022-11-23 BrokersView has found that Virtual-FXtrade is not working

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

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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.

Disclaimer:

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