Is VenusFX a scam or a legit broker? Read this VenusFX Review to know more about the VenusFX scam
Website – https://venusfx.co/
Address – London, UNITED KINGDOM
Warned By – Financial Conduct Authority (United Kingdom)
Why VenusFX is a scam?
VenusFX claims to be “one of the most reputable brokers in the forex sector” and is ostensibly registered in the UK, although we highly doubt this given the British Financial Conduct Authority’s most recent warning against the website.
According to the authority “We have not authorized this company, and it is primarily aimed at UK residents. If something goes wrong, it’s doubtful that you’ll get your money back because you won’t have access to the Financial Ombudsman Service or be covered by the Financial Services Compensation Scheme (FSCS).”
VenusFX claims to have a cutting-edge, user-friendly, and potent trading platform, but alas we were unable to access it. In the case, keep in mind that it is yet another obvious symptom of a fraud if your new broker refuses to accept any tried-and-true, expert trading platforms, such as the industry standard MetaTrader4 or MetaTrader5.
VenusFX also claims to have some of the lowest spreads in the market, but again, we are dealing with a clear scam that has also already been uncovered by the UK financial authorities.
If you are scammed by VenusFX broker, you can file a complaint in the complaint form. You can also check the scam broker 2023 page to avoid scam brokers.
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