VP Trade is flagged as a high-risk entity due to serious regulatory concerns. While it claims to be operated by Nova Capital Ltd, a company licensed by the Anjouan Offshore Finance Authority (AOFA), our verification found no registered domain or official link between the licensed firm and the trading platform. More critically, AOFA is an offshore regulator with minimal international recognition and oversight, enforcing lax or ineffective compliance standards that offer little investor protection. Given the lack of verifiable regulation and the use of a weak offshore license, VP Trade operates under questionable legitimacy, warranting its classification as a potential scam broker.