Is EvisionFX Scam or Legit Broker?
It is not safe to trade with a Forex broker EvisionFX. EvisionFX is owned and operated by EvisionFX Group and claims to have offices in Canada, New Zealand, and the United Kingdom. We have checked the company and there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.
About EvisionFX
| 🗺️ Registered in | No Registration |
| 🗺️ Type of License | No License |
| 🛡️ Is EvisionFX safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | FP Markets – licensed by ASIC in Australia |
What is EvisionFX?
According to the website, EvisionFX is a Leader in the trading market and it provides trading services with a range of assets, including commodities, stocks, currencies, and indices.
- EvisionFX Group claims to be a holding company for several branches: Capital.V Ltd, authorized and regulated by Claims Management Regulator of the UK, A.C.F Ltd., which is authorized and regulated by the Investment Industry Regulatory Organization of Canada, and Morgan.S.F.S Ltd., which authorized and regulated by the Financial Markets Authority OF New Zealand.
- However, the mentioned authorities are not responsible for the forex broker licenses and are not considered regulatory entities. It seems that all the regulatory information provided by EvisionFX is fake and has nothing to do with the real regulators.
- In addition, the broker mentions some other offices that are based in Germany, the Netherlands, and Australia, but there is no information about EvisionFX being regulated by local authorities.
EvisionFX Review Conclusion
We advise all investors and traders to avoid EvisionFX and other unregulated brokers. The lack of information about the broker’s regulations, trading conditions, and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and AvaTrade.
EvisionFX Update
Recently EvisionFX website remains inactive and unavailable to reach, meaning the broker mutes its trading offering and does not propose account openings. However, we still advise the traders to be alert and careful, in case they receive trading proposals.