VexPro
Although it is registered as a company in Saint Lucia, this is only a standard business incorporation, but not a financial services license. Importantly, the Saint Lucia International Financial Centre(IFC) does not regulate forex brokers, so this registration offers no investor protection.
VexPro also claims to have offices in Dubai, Hong Kong, Mauritius, and Seychelles. However, none of the relevant regulators in these jurisdictions, including the Dubai Financial Services Authority (DFSA), Securities And Futures Commission(SFC), Financial Services Conduct Authority (FSCA), or Seychelles Financial Services Authority (FSA), list VexPro as an authorized or licensed entity.
In effect, VexPro operates without any legitimate regulatory oversight and appears to be a scam.
Although it is registered as a company in Saint Lucia, this is only a standard business incorporation, but not a financial services license. Importantly, the Saint Lucia International Financial Centre(IFC) does not regulate forex brokers, so this registration offers no investor protection. VexPro also claims to have offices in Dubai, Hong Kong, Mauritius, and Seychelles. However, none of the relevant regulators in these jurisdictions, including the Dubai Financial Services Authority (DFSA), Securities And Futures Commission(SFC), Financial Services Conduct Authority (FSCA), or Seychelles Financial Services Authority (FSA), list VexPro as an authorized or licensed entity. In effect, VexPro operates without any legitimate regulatory oversight and appears to be a scam.
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