ANSWER Victory FX is not a licensed or regulated broker even though it states offers that look good to be true. Victory FX claims to be a licensed broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. According to its website, the broker is located in the UK. As per United Kingdom law, almost all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (FCA). However, we only found a warning against this broker issued by FCA for providing financial services or products in the UK without authorization. You can check the full warning from here.The truth is, Victory FX is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Victory FX and trade with licensed brokers.
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