Dear Investor,
It is advisable to exercise extreme caution when dealing with Virtual Wealth Exchange. Your difficulty in finding their contact information including phone numbers and email addresses is caused by their lack of transparency.
If a forex broker fails to ensure transparency, investors should reconsider its credibility. While Virtual Wealth Exchange claims to be operated by Lead Capital Global Ltd, a company licensed by the Mauritius Financial Serivces Commission (Mauritius FSC), it is critical to note that this authority doesn't disclose critical details about the license holder, such as the phone number, email address, and the domain name which it operates. This lack of information could potentially allow fraudsters to misuse information from the Mauritius FSC's website to appear legitimate. In simpler terms, the scant information available for verification could enable a dubious broker to impersonate a Mauritius FSC licensee. Even if Virtual Wealth Exchange is the legitimate licensee, the offshore oversight offers only minimal protection.
Adding to the concerns about Virtual Wealth Exchange's authenticity and legitimacy, the UK's financial regulator, Financial Conduct Authority (FCA) has issued a warning against the broker, flagging it as unauthorized within its jurisdiction. According to the FCA, the brand provides financial services through two website addresses, one of which is currently inaccessible. This situation also raise a red flag for potential fraudulent activities.
Given these facts, we advise investors to choose fully regulated brokers over Virtual Wealth Exchange for a safer trading environment.
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