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Operating status: SCAM

On 10 Aug 2022, the New Zealand Financial Markets Authority (NZ FMA) issued a warning that FxRevenues may be operating a scam. The entity does not hold a Derivative Issuer License and is not a registered financial service provider in New Zealand or licensed by the FMA. As such, it is not permitted to offer derivative trading services to New Zealand retail customers. You may visit: https://www.fma.govt.nz/scams/scams-list/investor-alert-vhnx/
FxRevenues, operated by VHNX Ltd, claims to be registered with Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) under registration number 2316BC2021. However, we searched the number in SVG FSA and did not find the company. But we could find a matching result by searching the company name VHNX Limited. FxRevenues's registration is suspicious. Besides, SVG FSA does not regulate forex activities. Having registration does not mean being authorized to provide financial services.
What's more, the New Zealand Financial Markets Authority (NZ FMA) issued a warning that FxRevenues may be operating a scam. The entity does not hold a Derivative Issuer License and is not a registered financial service provider in New Zealand or licensed by the FMA. As such, it is not permitted to offer derivative trading services to New Zealand retail customers.
The truth is that FxRevenues is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
BrokersView found the domain "https://fxrevenues.org/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.
On 8 Feb 2023, the United Kingdom Financial Conduct Authority (FCA) issued a warning that FxRevenues may be providing financial services or products in the UK without authorization. You may visit: https://www.fca.org.uk/news/warnings/fx-revenues-fxrevenuescom
On April 28, 2023, the Ontario Securities Commission (OSC) issued a warning against FxRevenues, stating that this broker is not registered in Ontario to engage in the business of trading in securities: https://www.osc.ca/en/investors/warnings/fxrevenues
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