Score

1.48 /10
Danger

Vaanex

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index6.80

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Vaanex Group Company Limited

Company Abbreviation

Vaanex

Platform registered country and region

United Kingdom

Company website

X

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2025-02-07
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The VanuatuVFSC regulation (license number: 41695) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Vaanex · Company summary

Note: Vaanex's official website: https://www.vaanex.com/ is normally inaccessible.

Vaanex Information

Vaanex is a brokerage company registered in the United Kingdom. While the broker's official website has been closed, so traders cannot obtain more security information.

Is Vaanex Legit?

Vaanex is authorized and regulated by the Vanuatu Financial Services Commission(VFSC) under Suspicious Clone status, which will increase trading non-compliance and reduce traders investment security. Caution is advised when dealing with the company.

Is Vaanex Legit?

After a Whois query, we found that this company's domain name is for sale, which shows that it has not registered it securely.

Is Vaanex Legit?

Downsides of Vaanex

  • Unavailable Website

Vaanex's website is inaccessible, raising concerns about its reliability and accessibility.

  • Lack of Transparency

Since Vaanex does not explain more transaction information, especially regarding fees and services, this will bring huge risks and reduce transaction security.

  • Regulatory Concerns

The VFSC regulates Vaanex. However, the xx status is less safe than a regulated one.

Conclusion

Vaanex Since the official website cannot be opened, traders cannot get more information about security services. In addition, the Suspicious Clone status and unregistered domain name indicate that the broker's trading risks are high. It is advisable to choose regulated brokers with transparent operations to ensure the safety of your investments and compliance with legal standards. Traders can learn more about other brokers through WikiFX. Information improves transaction security.

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FX1371683220
more than one year
The spreads charged by Vaanex are high. Of course, it also offers accounts with zero spreads, but I need $50,000 to open an account...it's hard to have both tight spreads and a low minimum deposit. Can anyone recommend me a good forex company? The safety of my money is definitely my top priority.
The spreads charged by Vaanex are high. Of course, it also offers accounts with zero spreads, but I need $50,000 to open an account...it's hard to have both tight spreads and a low minimum deposit. Can anyone recommend me a good forex company? The safety of my money is definitely my top priority.
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2023-03-15 10:14
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