VNC Brokers Review
Reason to avoid: Offshore License
Listed Date: November 5, 2018
Top 3 Regulated Forex Brokers
Beware VNC Brokers is an Offshore Broker. It is NOT SAFE to trade.
- Company name:
Roblino Ltd. VNC Brokers Ltd.
- Registration Address/ License:
Based in Cyprus. Registered with Offshore License in Vanuatu, No Regulation.
VNC Brokers is a Forex and CFD trading provider that offers over 350 trading instruments with diversified opportunities to various size of investors.
VNC Brokers is a Cyprus based investment firm, however, is a holder of a broker-dealer license issued by the Vanuatu Financial Services Commission. That means that the broker is an offshore regulated company, which is a not very reliable broker to invest with, even though the company mentions their strong regulation and monitoring of their transparent business.
In addition to that, there are many negative reviews from the traders invested with VNC Brokers, as they faced issues of the manipulation during the trading sessions or with the operation itself. The Cyprus authority also included the broker into their list of non-authorized companies, that should be a serious warning to any potential investor or trader (Check the list of CySEC non-authorized domains here)
In fact, the offshore license does not maintain strictest follow or overseeing of the company operation, as well as the establishment requirements are very low. So somehow, the company is regulated by there is no necessary level of the trading security provided and the broker can easily manipulate with the investment. Therefore, we do not advise trading with an offshore broker and VNC Broker in particular or any other non-regulated ones. Safety of funds are always first in trading, therefore, it is better to choose among the authorized companies with a proper license like ASIC Brokers. The licensed company provides much safe trading conditions and is strongly supervised in terms of the international following of operations at all times, while in case of non-compliance the company will be fined or even dismissed.