The Official Website Of Virtual-FXtrade Is Currently Unavailable. The Company Appears To Have Gone Out Of Business. Therefore, We Can Only Gather Some Relevant Information For Reference Only.
2022-07-25 Ontario OSC Adds Virtual FXtrade To Warning List
On July 25, 2022, The Ontario Securities Commission (OSC) Issued A Warning That Virtual-FXtrade Is Not Commercially Registered In Ontario To Engage In Securities And Derivatives Trading Business. You Can Visit The Following Website For Details: Https://www.osc.ca/en/investors/warnings/virtual-fxtrade-limited
2022-07-27 Our Review Confirms That Virtual-FXtrade Is An Unregulated Forex Broker
Virtual-FXtrade Claims To Be A Well Regulated Broker, But Does Not Provide Any Information About Its Regulation. The Lack Of Such Important Information Can Be A Clear Signal For An Unlicensed Trader, As Regulated Traders Always Display Their Certifications And Licenses To Operate Prominently. This Is A Red Flag.
Virtual-FXtrade Also Claims To Be A UK-based Trader. Under UK Law, All Companies And Individuals Offering, Promoting Or Selling Financial Services Or Products In The UK Are Required To Obtain Authorisation Or Commercial Registration From The UK Financial Conduct Authority (FCA). However, We Did Not Find Any Results In The FCA That Matched This Broker.
Additionally, The Ontario Securities Commission (OSC) Has Issued A Warning That Virtual-FXtrade Is Not Commercially Registered In Ontario To Engage In The Business Of Trading Securities And Derivatives.
The Fact Is That Virtual-FXtrade Is Not Regulated By Any Regulatory Authority. It Is Not Safe To Have This Dealer Hold Or Control Investor Funds And Investors Cannot Be Protected By Any Law. It Is A Fake Trader.
Due To The Inability To Access The Broker's Website At This Time, We Are Also Unable To Obtain More And More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposit, Etc.
As For Regulation, It Has Been Verified That Virtual-FXtrade Does Not Currently Have Any Valid Licenses.
But Most Non-compliant Brokers Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Numbers Or Company Addresses.
Note: Virtual-FXtrade As A, Unregulated Broker Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, Lack Of Regulation Increases The Risk Of Potential Financial Losses. If You Invest In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated As Much As Possible When Choosing A Broker.
