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VZFX

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Operating status: SCAM

Website: https://www.vzfx.co.uk/

Broker violations and abnormal records
  • 2022-03-09 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.

    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.
  • 2022-08-25 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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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:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.