VonWay Review – Is VonWay a Scam Broker?
- Website: https://vonwayforex.com/
- Website Availability: Yes
- Address: Hollywood Centre,Room 606,6/F,77-91 Queen’s RD W,Sheung Wan,Hong Kong
- Warning: Not Recommended By Proupshot
- Domain Blacklisted Status: It seems there is no direct mention of this domain being on a blacklist.
VonWay markets itself as a forex broker providing high leverage and many trading opportunities but there are strong red flags on the legitimacy and regulatory status of the broker upon further scrutiny. This Vonway review lays bare the key things investors must know before dealing with a broker.
Is Vonway Legit?
When evaluating whether Von way is legitimate, it is crucial to examine its claims regarding licensing. Von way claimed to be under registration with the Financial Services Authority in St. Vincent and The Grenadines. Nevertheless, investigations showed these claims were not genuine.
- Following incorporation by the Companies Registry (CR No. 2563823) dated 2017-11-20, Von way has updated its data.
- Notably, a search has established that Vonway Global Limited exists with the Companies Registry of Hong Kong. However, being registered with the Companies Registry does not imply the ability to offer financial services.
- Von way is not licensed by the Hong Kong Securities and Futures Commission (SFC), which is obligatory for forex brokers operating legally in Hong Kong.
Thus, even if Vonway has some kind of business registration, it does not have the necessary regulatory supervision, which very much makes it a risky business for investors.
Vonway Register: Deceptive and Misleading
The subject of Vonway registration has much more to add to its concerns. As much as Von way says it is registered as SVG FSA under registration number 24611 IBC 2018, investigation shows:
Actual Vonway Global Limited does not own the registration number,” TradingPro International Ltd” owns it. Moreover, SVG FSA itself has clarified publicly that it does not regulate forex brokers or issue licenses for forex trading activities. This distinct misrepresentation indicates that Von way is deliberately deceiving investors about its legal status to make them feel comfortable.
Why Vonway Is a Scam
1. False Regulatory Claims
There have been many attempts made by Vonway to present themselves as merely the claim of some regulatory entities; first, such as notes in St. Vincent and later in Hong Kong.
2. No Legal Protections
Since everything is done without rules on Von way, investors are not covered by some kind of financial or legal jurisdiction for their money.
3. High Risk Due to High Leverage
Though leverage that seems too high of 1:2000 is tempting, it can easily make for severe losses coming directly through Von way, especially without any authority controls in place.
4. Fabricated Corporate Details
The alleged company number of registrations used by Vonway that do not belong to them is a clear act of intent to fraud.
Conclusion: Avoid Vonway at All Costs
This Vonway review indicates that Von way is not a real broker. These pretentious regulatory claims come with deception, and the possible risk of financial loss is extremely high. Investors should exercise caution and refrain from being victims of such entities as Vonway, which operates with a lack of transparency and proper authority. Always verify broker credentials before depositing your funds.
Take Action Today
Lost money to a scam? Don’t face it alone. Our expert team at Proupshot is here to help you recover your funds. With proven strategies like chargebacks, dispute resolution, and legal support, we guide you every step of the way.
Reach out to us today for a free consultation and take the first step toward reclaiming your money!
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