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Vextrader

Operating status: SCAM

Website: https://vextrader.com/

Broker violations and abnormal records
  • Feb 07, 2020 The Securities Commission Malaysia (SC) Added Vextrader into Its Investor Alert List

    In 2021, The Securities Commission Malaysia (SC) issued a warning against Vextrader that this firm may possibly be a clone operating an illegal investment scheme and carrying on unlicensed capital market activities of dealing in securities. You may visit: https://www.sc.com.my/regulation/enforcement/investor-alerts/sc-investor-alerts/investor-alert-list


    In 2021, The Securities Commission Malaysia (SC) issued a warning against Vextrader that this firm may possibly be a clone operating an illegal investment scheme and carrying on unlicensed capital market activities of dealing in securities. You may visit: https://www.sc.com.my/regulation/enforcement/investor-alerts/sc-investor-alerts/investor-alert-list
  • Feb 07, 2020 BrokersView has reviewed that Vextrader is an unregulated forex broker

    Vextrader claims to be authorized and supervised by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and Dubai Department of Economic Development (DED), however, neither FINTRAC nor DED regulates, supervises or licenses international companies engaging in such activities. So Vextrader is not regulated by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam.

    Vextrader claims to be authorized and supervised by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and Dubai Department of Economic Development (DED), however, neither FINTRAC nor DED regulates, supervises or licenses international companies engaging in such activities. So Vextrader is not regulated by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.