Vonway Review : Fees, Pros and Cons, Reviews by Real Traders

Vonway

Operating status: SCAM

Website: https://vonwayforex.com/

Broker violations and abnormal records

Jul 27, 2022 BrokersView has Reviewed that Vonway is an Unregulated Forex Broker
Vonway is a total scam. Vonway claims it is a trading name of Vonway Global Limited, a company registered in Saint Vincent and Grenadines Financial Service Authority (SVG FSA) under registration number 24611 IBC 2018. When we searched in SVG FSA, we found the number belongs to a company named "TradingPro International Ltd" and there are no match results to Vonway Global Limited. Besides, SVG FSA is not a regulatory body that issues licenses for forex trading or regulates entities involving forex services. The truth is that Vonway is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

Vonway is a total scam. Vonway claims it is a trading name of Vonway Global Limited, a company registered in Saint Vincent and Grenadines Financial Service Authority (SVG FSA) under registration number 24611 IBC 2018. When we searched in SVG FSA, we found the number belongs to a company named "TradingPro International Ltd" and there are no match results to Vonway Global Limited. Besides, SVG FSA is not a regulatory body that issues licenses for forex trading or regulates entities involving forex services. The truth is that Vonway is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
Aug 21, 2023 BrokersView discovers the change in Vonway's registration information
According to BrokersView's records, Vonway used to claim to be registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA), which turned out to be a false statement.
Recently, this scam updated its registration information on its website, saying Vonway Forex is a trading name of Vonway Global Limited, a company incorporated in Hong Kong under CR No 2563823 2017. We searched the Companies Registry of Hong Kong (CR) and did find matching entries. However, it is crucial to note that the mere registration with the CR doesn't mean being authorized to legally offer financial services/products in or from this jurisdiction.
Since Vonway serves as a forex broker, it is required to obtain the license from the Hong Kong Securities and Futures Commission (SFC). But there is no name matched with "Vonway Global Limited" in the SFC Register.
In essence, despite the change in its registration information, Vonway remains unsupervised by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.
Vonway is unequivocally a scam.

According to BrokersView's records, Vonway used to claim to be registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA), which turned out to be a false statement.Recently, this scam updated its registration information on its website, saying Vonway Forex is a trading name of Vonway Global Limited, a company incorporated in Hong Kong under CR No 2563823 2017. We searched the Companies Registry of Hong Kong (CR) and did find matching entries. However, it is crucial to note that the mere registration with the CR doesn't mean being authorized to legally offer financial services/products in or from this jurisdiction.Since Vonway serves as a forex broker, it is required to obtain the license from the Hong Kong Securities and Futures Commission (SFC). But there is no name matched with "Vonway Global Limited" in the SFC Register.In essence, despite the change in its registration information, Vonway remains unsupervised by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Vonway is unequivocally a scam.

Reviews

Be the first to review.

Rate and Review

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

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.