ANSWER It is strongly advised against opening an account with Verbex Group, due to its unlicensed status.The website of Verbex Group lacks essential information about its regulatory status, as well as adequate contact information. This lack of transparency is a significant warning sign. Adding to the concerns, the Ontario Securities Commission (OSC) has issued a warning against Verbex Group for providing financial services or products without authorization.In light of this, Verbex Group is risky. To protect your hard-earned money from potential fraud schemes, investors are strongly advised to steer clear of unregulated brokers like Verbex Group and instead choose fully regulated ones.
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