Reported Website: https://www.vt-fx.com/
VTFX claims to be the brand name of VOREX TRADING Corporation, a company established in Georgia in 2018. First, we checked this broker’s domain and found it was newly created on 14 May 2022. So how could it start its business in 2018? It is a red flag here. Second, as per the information we hold, Georgia currently has no regulatory bodies that issue licenses for forex trading or regulate entities engaging in forex trading. That means VTFX is not under valid regulation to do forex by any regulators. Investors’ funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
