Abstract:VOFX is an unregulated brokerage company registered in New Zealand. While the broker's official website has been closed, so traders cannot obtain more security information.
Note: VOFX's official website: https://ssl.vofx.com/ is normally inaccessible.
VOFX is an unregulated brokerage company registered in New Zealand. While the broker's official website has been closed, so traders cannot obtain more security information.
![]() | Financial Service Providers Register(FSPR) |
Current Status | Suspicious Clone |
Regulated by | New Zealand |
License Type | Financial Service Corporate |
License No. | 551866 |
Licensed Institution | PROSPERITY INTERNATIONAL FINANCE LIMITED |
VOFX is authorized and regulated by the Financial Service Providers Register(FSPR), the current status is Suspicious Clone, which will increase trading non-compliance and reduce traders investment security. Caution is advised when dealing with the company.
The website of VOFX is inaccessible, raising concerns about its reliability and accessibility.
Since VOFX does not explain more transaction information, especially regarding fees and services, this will bring huge risks and reduce transaction security.
The FSPR regulates VOFX. However, the Suspicious Clone status is less safe than a regulated one.
According to a report on WikiFX, a user encountered significant difficulties with induced fraud. The issue remained unresolved despite the request being pending for a long time.
On WikiFX, “Exposure” is posted as a word of mouth received from users.
Traders must review the information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.
Currently, there is only one piece of VOFX exposure in total.
Exposure. Scam
Classification | Scam |
Date | 2020-01-19 |
Post Country | Hong Kong, China |
You may visit: https://www.wikifx.com/en/comments/detail/202001193112280411.html.
VOFX Since the official website cannot be opened, traders cannot get more information about security services. In addition, the unregulated status indicates that the broker's trading risks are high. Traders can learn more about other brokers through WikiFX. Information improves transaction security.
Founded in 2014, Olymp Trade has been operating for over a decade, expanding its services and user base considerably, now offering focused trading in fixed-time trades (previously known as binary options in some regions) and Forex. Specifically, Olymp Trade operates two trading modes: fixed-time trades and forex mode. Fixed-time trades refer to trades with predetermined expiration times, where traders predict market movement directions. Payouts typically range from 70-90% of the investment amount. Forex Mode is a more traditional forex trading approach with variable leverage (up to 1:500 for experienced traders). At the same time, it allows for more sophisticated trading strategies with customisable take-profit and stop-loss orders.
Novatech FX Ltd. (“Novatech”), founded in 2019, was registered in St. Vincent and the Grenadines, a jurisdiction known for its minimal regulations and booming unlicensed brokers. NovaTech, which said it was a leading forex and crypto trading platform, claimed to have its own trading software with deep liquidity. Mostly active from 2020 to 2023, they attracted investors by promising monthly returns of 3% to 5%. Accusing them of a $600 million investment fraud, the SEC filed charges on August 12, 2024, against NovaTech FX, Cynthia and Eddy Petion, and several promoters.
Maxxi Markets is a forex broker founded in Comoros that offers traders access to a diverse range of financial instruments. With product offerings spanning commodities, forex, indices, metals, cryptocurrencies, and bonds, the broker caters to a wide spectrum of trading interests. Backed by the Mwali International Services Authority (MISA) under an offshore Retail Forex License (license number T2023425), Maxxi Markets combines innovative technology with varied account options to serve both novice and experienced traders.
Selecting the right forex broker can make the difference between trading success and frustration for most investors, especially retail investors. As retail traders gain unprecedented access to global markets, the choice between platforms like JustForex and JustMarkets becomes increasingly significant. Both brokers offer some shining features within the forex and CFD trading space, but their approaches differ in some areas.