VFX Capital Review (2023)

Is VFX Capital a scam or legit broker?

No, it is not safe to trade with VFX Capital Forex broker as it is an offshore company. VFX Capital is owned by T.W CAPITAL LTD., registered offshore, in the Marshall Islands. 

The Marshall Islands is notorious for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as Globalix, InstaFX24 and more. 

VFX Capital offers its clients a variety of trading options and products, including Forex, Commodities, Stocks, Indices.

The terms and conditions state that there is one more company behind the brand’s name, Estonian company PEGUAS OÜ. We didn’t find any mentions of this company in the register of the Estonian Financial Supervision and Resolution Authority, which is a proof that the broker is not regulated. 

VFX Capital provides a contact phone number with Spain country code, most probably they are trying to offer financial services to Spanish traders. The firm is not regulated in Spain, and also, Spanish CNMV regulator has issued a warning against it:

“T.W. CAPITAL LTD is not authorised to provide the investment services, which include investment advice, or to provide the auxiliary services in relation to the financial instruments, including, for those purposes, foreign currency transactions.”

Conclusion

We advise all investors and traders to avoid VFX Capital and other brokers from the Marshall Islands. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as Eightcap and BlackBull Markets.

You can also share your trading experience with VFX Capital by commenting on this review.