VANEX
We checked VANEX against the AskCheck register. It has been reported (2022) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
VANEX claims to be a regulated firm while presenting neither details about its company information (company name, office address) and regulation, nor legal documents (terms & conditions, risk disclosure and privacy policy, etc.). Lacking for such information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. Besides, this broker claims to be regulated by Vanuatu Financial Services Commission (VSFC). We indeed found an authorized entity named "VANEX LIMITED", but VFSC provides neither authentication details nor domains of a registered company for traders to verify. Consequently, it is not a hundred percent sure that the licensed entity is the one that runs the business under the trading name of VANEX. Probing further into this broker, we deem that VANEX is a scam firm that falsely uses the regulatory information of the licensed entity. We downloaded its MT5 platform and noticed that this broker is owned by a Thai company named "Vanex International Co.,Ltd" rather than the regulated firm "VANEX LIMITED". So VANEX is actually not regulated by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report VANEX.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.