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I couldn't find any license info of them, please help me.
Josius Tshabalala
Mali
2022-12-19
ANSWER Vatee claims it is owned and operated by Vatee Pty Limited, a company regulated by the Vanuatu Financial Services Commission (VFSC) under license number: 40097. We indeed find a match result to Vatee in VFSC.However, VFSC is a popular offshore regulator among forex brokers as capital (or bond) requirements are relatively small. A Forex license covering the online activities of a brokerage is issued in 2-3 months, which is indeed extremely fast. Moreover, there is no income tax, capital gains tax and inheritance tax in the country. So VFSC-regulated brokers are actually not under as strong regulation as FCA, ASIC and NFA regulated brokers. Most importantly, some shady brokers will falsely use the regulatory information of a licensed broker by VFSC, as this regulator provides neither authentication details nor domains of the registered company for traders to verify. Consequently, it is not a hundred percent sure that the licensed entity is the one that runs the business under the trading name of Vatee Pty Limited. We would recommend exercising caution when dealing with VFSC- regulated brokers.
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Hi! Do you have any informations on the leverage this broker offer to their clients?
Ben
Mauritius
2022-12-09
ANSWER As for what the leverage Forex Chief providing for clients, we recommend that you ask the official customer service for a more accurate answer. For more details on this broker, please check our full Forex Chief review.BrokersView reminds youForex Chief claims to be owned and operated by ForexChief Ltd, a Vanuatu-based firm regulated by the Vanuatu Financial Services Commission (VFSC) under license number 14745. We indeed find a match result to ForexChief Ltd in VFSC.But please be informed that VFSC is a popular offshore regulator among forex brokers as capital (or bond) requirements are relatively small. A Forex license covering the online activities of a brokerage is issued in 2-3 months, which is indeed extremely fast. Moreover, there is no income tax, capital gains tax and inheritance tax in the country. So VFSC-regulated brokers are actually not under as strong regulation as FCA, ASIC and NFA regulated brokers. Most importantly, some shady brokers will falsely use the regulatory information of a licensed broker by VFSC, as this regulator provides neither authentication details nor domains of the registered company for traders to verify. Consequently, it is not a hundred percent sure that the licensed entity is the one that runs the business under the trading name of ForexChief Ltd. We would recommend exercising caution when dealing with VFSC- regulated brokers.
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Is Gerchik&CO regulated ?
Juan Gonzalez Alonso
Mexico
2022-11-30
ANSWER Gerchik & CO is owned and operated by Gerchik & CO Limited, a company аuthorized and regulated by the Vanuatu Financial Services Commission (VFSC) with company registration number: 40512. We do find a match result to Gerchik & CO Limited in VFSC.However, VFSC is a popular offshore regulator among forex brokers as capital (or bond) requirements are relatively small. A Forex license covering the online activities of a brokerage is issued in 2-3 months, which is indeed extremely fast. Moreover, there is no income tax, capital gains tax and inheritance tax in the country. So VFSC-regulated brokers are actually not under as strong regulation as FCA, ASIC and NFA regulated brokers. Most importantly, some shady brokers will falsely use the regulatory information of a licensed broker by VFSC, as this regulator provides neither authentication details nor domains of the registered company for traders to verify. Consequently, it is not a hundred percent sure that the licensed entity is the one that runs the business under the trading name of Gerchik & CO Limited. We would recommend exercising caution when dealing with VFSC- regulated brokers.
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Can I trade USD/DKK?
sebastiani
Malta
2022-11-28
ANSWER As for the question you asked, we recommend that you ask the official customer services directly for a more accurate answer. For more details on this broker, you can check our full OWM review.BrokersView reminds youOWM claims to be operated by Oriental Wealth Markets Limited, an authorized broker under the regulation of the Vanuatu Financial Services Commission (VFSC).Regarding VFSC, please be informed that VFSC is a popular offshore regulator among forex brokers as capital (or bond) requirements are relatively small. So VFSC-regulated brokers are not under as strong regulation as UK FCA-, ASIC-, and NFA-regulated brokers. Most importantly, some shady brokers will falsely use the regulatory information of a licensed broker by VFSC, as this regulator provides neither authentication details nor domains of the registered company for traders to verify. Consequently, it is not a hundred percent sure that the licensed entity is the one that runs the business under the trading name of OWM.All in all, it is of certain risk to trade with OWM, and we would recommend to choose strongly regulated brokers.
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How to trade with ThreeTrader? Where can I open an account?
DonnaParker
Rwanda
2022-11-24
ANSWER If you want to open an account with ThreeTrader, at the top right corner of their homepage is a link for you to sign up. The screenshot below shows where the button is. As for how to trade with ThreeTrader, we would recommend contacting their customer service for the answer. For more details about this broker, please refer to our full review of ThreeTrader.BrokersView reminds youThreeTrader is owned and operated by ThreeTrader Global Limited, a company authorized by the Vanuatu Financial Services Commission (VFSC) with licence number 40430. We do find a match result to ThreeTrader Global Limited in VFSC.However, VFSC is a popular offshore regulator among forex brokers as capital (or bond) requirements are relatively small. A Forex license covering the online activities of a brokerage is issued in 2-3 months, which is indeed extremely fast. Moreover, there is no income tax, capital gains tax and inheritance tax in the country. So VFSC-regulated brokers are actually not under as strong regulation as FCA, ASIC and NFA regulated brokers. Most importantly, some shady brokers will falsely use the regulatory information of a licensed broker by VFSC, as this regulator provides neither authentication details nor domains of the registered company for traders to verify. Consequently, it is not a hundred percent sure that the licensed entity is the one that runs the business under the trading name of ThreeTrader Global Limited. We would recommend exercising caution when dealing with VFSC- regulated brokers.
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Which e-currency do they accept?
Georgiy
Gibraltar
2022-11-17
ANSWER Tradeo is owned and operated by Tample Capital (Pty) Ltd, a South Africa-based company once licensed and regulated by the Financial Services Conduct Authority (FSCA) under FSP No. 46452. We indeed find a match result to Tample Capital (Pty) Ltd in FSCA. Regarding FSCA, we would like to mention that some shady brokers will falsely use the regulatory information of a licensed broker by FSCA, as this regulator provides neither authentication details nor domains of the registered company for traders to verify. Consequently, it is not a hundred percent sure that the licensed entity is the one that runs the business under the trading name of Tample Capital (Pty) Ltd. We would recommend exercising caution when dealing with FSCA -regulated brokers.Overall, it is of certain risk to trade with Tradeo, and we would recommend to choose strongly regulated brokers. As for the question you asked, we recommend that you ask the official customer services directly for a more accurate answer. For more details on this broker, you can check our full Tradeo review.
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What's minimum deposit for a MT5 account?
Berlliss
Vanuatu
2022-11-14
ANSWER SmartFX is owned and operated by Smart Securities and Commodities Limited, a company authorized and regulated by the Vanuatu Financial Services Commission (VFSC) with license number 40491. We indeed find a match result to Smart Securities and Commodities Limited in VFSC.However, VFSC is a popular offshore regulator among forex brokers as capital (or bond) requirements are relatively small. A Forex license covering the online activities of a brokerage is issued in 2-3 months, which is indeed extremely fast. Moreover, there is no income tax, capital gains tax and inheritance tax in the country. So VFSC-regulated brokers are actually not under as strong regulation as FCA, ASIC and NFA regulated brokers. Most importantly, some shady brokers will falsely use the regulatory information of a licensed broker by VFSC, as this regulator provides neither authentication details nor domains of the registered company for traders to verify. Consequently, it is not a hundred percent sure that the licensed entity is the one that runs the business under the trading name of Smart Securities and Commodities Limited. We would recommend exercising caution when dealing with VFSC- regulated brokers.Overall, it is of certain risk to trade with SmartFX, and we would recommend to choose strongly regulated brokers. As for the question you asked, we recommend that you ask the official customer services directly for a more accurate answer. For more details about this broker, you can check our full SmartFX review.
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Does Pure Market offer negative balance protection?
Scam
Ireland
2022-11-10
ANSWER Pure Market is owned and operated by Pure M Global LTD, a company authorized and regulated by the Vanuatu Financial Services Commission (VFSC) with license number 14801 and the Saint Vincent and the Grenadines Financial Services Authority (SVG FSA). We indeed find match results to Pure M Global LTD in VFSC and SVG FSA.But first, please be informed that SVG FSA does neither issue licenses for forex trading nor regulate brokers offering forex activities. Second, regarding VFSC, we would like to mention that some shady brokers will falsely use the regulatory information of a licensed broker by VFSC, as this regulator provides neither authentication details nor domains of the registered company for traders to verify. Consequently, it is not a hundred percent sure that the licensed entity is the one that runs the business under the trading name of Pure M Global LTD. We would recommend exercising caution when dealing with VFSC-regulated brokers.Overall, it is of certain risk to trade with Pure Market, and we would recommend to choose strongly regulated brokers. For more details about this broker, you can check our full Pure Market review.
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Does Noredfx have licenses?
Graham Hall
Cook Islands
2022-10-10
ANSWER NordFX claims it is owned and operated by NFX CAPITAL VU INC, a company regulated by the Vanuatu Financial Services Commission (VFSC) under license number: 15008. We indeed find a match result to NFX CAPITAL VU INC in VFSC.However, VFSC is a popular offshore regulator among forex brokers as capital (or bond) requirements are relatively small. A Forex license covering the online activities of a brokerage is issued in 2-3 months, which is indeed extremely fast. Moreover, there is no income tax, capital gains tax and inheritance tax in the country. So VFSC-regulated brokers are actually not under as strong regulation as FCA, ASIC and NFA regulated brokers. Most importantly, some shady brokers will falsely use the regulatory information of a licensed broker by VFSC, as this regulator provides neither authentication details nor domains of the registered company for traders to verify. Consequently, it is not a hundred percent sure that the licensed entity is the one that runs the business under the trading name of NFX CAPITAL VU INC. We would recommend exercising caution when dealing with VFSC- regulated brokers.For more details on this broker, please check our full NordFX review.
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