Legal Information: Are There Any Alerts Regarding Venus4T?
Venus4T purports to have its base in Switzerland, but concrete information regarding this trading entity is scarcely found online, except on its official site. Notably, the alleged regulatory certification link was non-functional.
Digging deeper, we discovered a cautionary notice against Venus4T from the Canadian Autorité des Marchés Financiers (AMF), dated October 19, 2023. The warning emphasized that Venus4T does not possess the required permissions to engage investors from Québec.
The risks associated with unregulated brokers are significant; they’re not obligated to ensure client compensation under various circumstances. It’s essential to heed the advisory of financial regulators.
Opting for licensed entities overseen by recognized financial regulatory bodies like the FCA (UK), CFTC & NFA (US), ASIC (Australia), IIROC (Canada), MAS (Singapore), CySEC (Cyprus), and more, is the safer route.
Who Does Venus4T Aim At?
Data from godaddy.com/whois reveals that the venus4t.com domain was established on August 7, 2023. Since its inception, the platform seems to focus on attracting traders, especially from:
- Netherlands;
- Canada;
- Lithuania.
These nations uphold stringent financial market regulations. With two being European, they adhere to the unified guidelines set by the European Securities and Markets Authority (ESMA).
One of these guidelines caps the leverage for retail clients at 1:30. However, Venus4T advertises a leverage of up to 1:50, which, while permissible in Canada, raises eyebrows considering the AMF’s advisory against the platform.
Feedback from Traders – Experiences Shared
It was intriguing to find a plethora of commendable reviews for this platform on trustedrevie.ws. As of our last check, Venus4T had garnered 30 reviews with an average rating of 4.4/5 on that platform. The authenticity of these testimonials remains debatable.
Interestingly, the initial batch of reviews began surfacing around the same time the website was launched. It’s peculiar how traders could report such positive outcomes in such a short span. It’s prudent to consider the possibility of these reviews being influenced.
However, scamadviser.com hosts some grievances, shedding light on the platform’s questionable operations. One disheartened user remarked, “I was deeply disheartened when I realized I was deceived by this platform. Looks can sometimes be deceiving.” In essence, once you deposit funds into Venus4T, retrieving them appears to be a challenge.
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