FMA warns against VHNX

According to the FMA in New Zealand, the website vhnx.com may be operating a scam

FMA received reports that representatives from VHNX are cold-calling New Zealand residents with investment offers when it is not authorised to do so. We have also received reports of people being unable to withdraw their funds.

The entity does not hold a Derivative Issuer License and is not a registered financial service provider in New Zealand or licensed by the FMA.

Unauthorized Firm Details - VHNX

Entity name: VHNX Limited
Associated entity: Capital Academy; FxRevenues
Contact numbers: +1800 847 8713
Email addresses: [email protected];[email protected]
Address: Stoney Ground Road, Saint Vincent and the Grenadines
Websites: vhnx.com; fxrevenues.com

How To Protect Yourself From Scams

Brokerswatch recommends investing only with brokers that are regulated by reputable authority.

Reputable regulatory authority provides additional protection to investors by ensuring that financial firms apply proper standards and rules. Additionally, if the broker tries to cheat you out of your money, it is the regulator’s job to force the financial firm to compensate you for any wrongdoing.