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VOFX
New Zealand|5-10 years| https://ssl.vofx.com/
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1G
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VOFX Brokers
VOFX
New Zealand
Pyramid scheme complaint
Expose
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
- The New ZealandFSPR regulation (license number: 551866) claimed by this broker is suspected to be clone. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
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VOFX · Company Summary
Note: VOFX's official website: https://ssl.vofx.com/ is currently inaccessible normally.
VOFX Information
VOFX is a brokerage firm registered in New Zealand. This firm's regulatory status is suspicious clone because its actual company name does not match with the one on the regulatory certificate. And its website maybe has been shut down for years. All these signals show certain risks with this brokerage.
Is VOFX Legit？
| Regulatory Status | Suspected Fake Clone |
| Regulated by | FSPR |
| Licensed Institution | PROSPERITY INTERNATIONAL FINANCE LIMITED |
| Licensed Type | Financial Service Corporate |
| Licensed Number | 551866 |
VOFX's regulatory status is suspicious clone. From the certificate, we can see:
- Licensed Institution: PROSPERITY INTERNATIONAL FINANCE LIMITED
- Website of Licensed Institution: www.pifl.co.nz
But the actual company name of VOFX is “VOFX Brokers” and its website is:“https://ssl.vofx.com/”. These inconsistencies make it obvious that they're providing false licenses to deceive traders.
Downsides of VOFX
- Unavailable Website
VOFX's official website is currently not working. This firm may be closed.
- Lack of Transparency
You can only find limited information about this brokerage online because it's website has been out of working for years.
- Regulatory Barriers
VOFX's regulatory status is suspicious clone. Before choosing a brokerage, remember to consider the risk involved.
Trading Platform
The popular MT4 platform is available with this firm. You can apply online and mobile devices to download on its website. Its main features include high speed trading (up to 50 ms), technical indicators, automated trading and risk control.
Negative VOFX Reviews on WikiFX
On WikiFX, “Exposure” is posted as a word of mouth received from users.
Traders are encouraged to review 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.
As of now, there is one piece of VOFX exposure in total.
Exposure 1. Dont be cheated
| Classification | Scam |
| Date | January 19, 2020 |
| Post Country | Hong Kong |
The user said:“In October, 2017, I was pulled into a group, in which teacher gave lessons on stock and then induced me to buy the HSI in 111 , with $1300 per lot. And the trading time was only limited to 8:00 to 17:00! After some while, the website became disabled.” You may visit: https://www.wikifx.com/en/comments/detail/201910291712357468.html
Conclusion
VOFX has likely been out of operation for years. Its regulatory status, inaccessible website and the negative reviews on WikiFx indicate that this brokerage is untrustworthy. It is better to choose regulated brokers with transparent operationsto ensure the safety of your investments. When comparing brokerages, keep the potential risks firmly in mind.
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