- Mar 09, 2022 BrokersView has reviewed that VZFX is an unregulated forex broker
VZFX claims it offers international online forex and CFDs trading services and it is registered in Scotland (United Kingdom) with registration Number: SC720753. To offer forex services in the UK, a broker must be licensed by the Financial Conduct Authority (FCA), while there are no match results to VZFX in the FCA. So VZFX is not elgible to offer forex services since it operates without a valid license.
Besides, the firm offers leverage of 1:400, which becomes a big red flag! According to forex supervisory rules issued by EU regulators, there is no one broker can offer leverage over 400. Therefore, the risky trading condition confirms VZFX is an unlicensed forex broker. That means investors' money in this broker is unsafe and cannot be protected by any law. It is highly impossible that you can get your money back when things go wrong. Therefore, it is a scam.
- Aug 25, 2022 BrokersView has found that VZFX is not working
On 26 Aug 2022, BrokersView found the domain https://www.vzfx.co.uk/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.
On 26 Aug 2022, BrokersView found the domain https://www.vzfx.co.uk/ 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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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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