ANSWER VenusFX is an unregulated broker even though it states offers that look too good to be true.VenusFX presents zero details on its regulatory status, which is a distinct characteristic of unlicensed brokers, as legit broker always present their accreditation and licenses in a prominent position. In addition, the Financial Conduct Authority (FCA) has issued a warning against VenusFX for its offering of financial products or services in the UK without authorization. You can check the full warning from here.Regarding your question, VenusFX is not supervised by any financial regulatory bodies. Letting this broker hold and control investors' funds or trading with them is very risky. There are no safeguards in place to protect investors. We would suggest investors stay away from unlicensed brokers like VenusFX and trade with fully regulated brokers.
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