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Vaanex

Operating status: SCAM

Website: https://www.vaanex.com/

Broker violations and abnormal records
  • Jul 12, 2021 BrokersView has reviewed that Vaanex is an unregulated forex broker

    Vaanex claims to be a member of Vanex Limited, a liability company licensed and regulated by the Vanuatu Financial Services Commission (VFSC). 

    We indeed found an authorised entity named "VANEX LIMITED", but VFSC provides neither authentication details nor domains of registered company for traders to verify. Consequently, it is not a hundred percent sure that the licensed entity is the one that runs the business under the trading name of Vaanex. 

    Probing further into this broker, we deem that Vaanex is a scam firm that falsely uses regulatory information of the licensed entity. We downloaded its MT5 platform and noticed that this broker is owned by a BVI-based company named  "Vaanex Group Company Limited" rather than "VANEX LIMITED." So Vaanex may be a clone firm of the VFSC-regulated entity.

    Moreover, we didn't find any matching results in the registers of the British Virgin Islands Financial Services Commission (BVI FSC). So Vaanex is actually not regulated by any financial regulator. That means investors' funds in this broker are unsafe and cannot be protected by any laws. Therefore, it is a scam. 

    Vaanex claims to be a member of Vanex Limited, a liability company licensed and regulated by the Vanuatu Financial Services Commission (VFSC). We indeed found an authorised entity named "VANEX LIMITED", but VFSC provides neither authentication details nor domains of registered company for traders to verify. Consequently, it is not a hundred percent sure that the licensed entity is the one that runs the business under the trading name of Vaanex. Probing further into this broker, we deem that Vaanex is a scam firm that falsely uses regulatory information of the licensed entity. We downloaded its MT5 platform and noticed that this broker is owned by a BVI-based company named "Vaanex Group Company Limited" rather than "VANEX LIMITED." So Vaanex may be a clone firm of the VFSC-regulated entity.Moreover, we didn't find any matching results in the registers of the British Virgin Islands Financial Services Commission (BVI FSC). So Vaanex is actually not regulated by any financial regulator. That means investors' funds in this broker are unsafe and cannot be protected by any laws. Therefore, it is a scam.
  • Apr 19, 2022 BrokersView has found that Vaanex is not working

    BrokersView found the domain https://www.vaanex.com/ is temporarily unavailable, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    BrokersView found the domain https://www.vaanex.com/ is temporarily unavailable, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

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