VNC Brokers Review

Is VNC Brokers Scam or Legit Broker?

It is not safe to trade with VNC Brokers. The broker is a Cyprus-based investment firm, however, holds a license from the Vanuatu Financial Services Commission.

• This means 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.

What is VNC Brokers?

VNC Brokers is a Forex and CFD trading provider that offers over 350 trading instruments with diversified opportunities to various sizes of investors.

• VNC Brokers is a Cyprus-based investment firm, however, it is not regulated by the local CySEC regulatory body, which is a must for financial firms located in Cyprus. 
• In addition, there are many negative reviews from the traders invested with VNC Brokers, as they faced issues of manipulation during the trading sessions or with the operation itself. The Cyprus authority also included the broker in their list of non-authorized companies, which 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 include overseeing the company's operation, as well as the establishment requirements are very low. So somehow, the company is regulated but there is no necessary level of protection and the broker can operate however it wishes.

VNC Brokers Review Conclusion

We do not advise trading with an offshore broker such as VNC Broker. Safety of funds always goes first in trading, therefore, it is better to choose among the authorized companies with a proper license like ASIC Brokers. The licensed companies provide safe trading conditions and are strongly supervised. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FBS and BlackBull Markets.

VNC Brokers Update

We found the VNC Brokers website inactive and unavailable to reach. This means the broker no longer operates. However, it is best to avoid and stay alert if any proposals come.