ventures-management.co is a Contracts for Difference (CFD) broker, with its official website domain registered on May 19, 2024. This broker primarily serves retail and institutional clients, offering trading services in Forex, precious metals, commodities, energy, stocks, indices, and other financial derivatives. It does not provide services to jurisdictions where doing so would be illegal under local laws or regulations.
Company Registration Information and Regulatory Status
According to public information on the ventures-management.co website, the company uses the trading name "Ventures Management" and claims to have received licenses from several regulatory agencies, including: the Australian Securities and Investments Commission (ASIC) (Trading Point of Financial Instruments Pty Limited), the Cyprus Securities and Exchange Commission (CySEC) (Trading Point of Financial Instruments Ltd), the Belize International Financial Services Commission (IFSC) (Ventures Management Global Limited), and the Dubai Financial Services Authority (DFSA) (Trading Point MENA Limited). However, apart from the homepage, other pages on the broker's website do not function properly.
Upon investigation, it was found that the Belize International Financial Services Commission (FSC) does not have a regulated company named “Ventures Management Global Limited.” In reality, ventures-management.co is a fraudulent broker website without any company entity or regulatory oversight. The companies, regulatory information, brand logos, and trading names mentioned on its website have been stolen from the well-known broker XM's official website.
Trading Products
ventures-management.co offers a variety of financial derivatives for trading, including Forex, precious metals, commodities, energy, stocks, and indices.
- Forex: Exchange between different national currencies, the largest financial market globally, mainly used for currency exchange and speculation.
- Precious Metals: Such as gold and silver, used as investment hedges and protection against inflation; their prices are usually influenced by economic uncertainty and inflation.
- Commodities: Covering raw materials and agricultural products like oil, natural gas, copper, soybeans, and wheat; prices are influenced by supply and demand and global economic conditions.
- Energy: Includes oil, natural gas, and coal, sensitive to global economic and political events, with significant price volatility.
- Stocks: Representing partial ownership of a company, investors gain part of the company's profits (dividends) and value appreciation (capital gains) by purchasing stocks.
- Indices: Reflect the overall performance of the market, like the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite Index; changes in indices indicate overall market trends.
Account Opening Process
The account opening process for a ventures-management.co trading account: Open the broker's official website, click "Open AN Account" at the top right corner of the webpage to enter the registration interface, fill in your name and personal email address, set a login password, and submit the application form to complete the registration. After logging in, you need to complete full KYC verification before making deposits and trading.
Trading Accounts and Platforms
The trading account types page on ventures-management.co fails to load properly, rendering the information about its trading accounts inaccessible. While the site's trading platform section claims to offer MT4 and MT5 platforms, the details page does not function correctly.
Deposits and Withdrawals
ventures-management.co does not explicitly disclose its supported deposit and withdrawal methods, associated fees, or the minimum deposit and withdrawal amounts on its website.
Conclusion
Traderknows reminds investors that ventures-management.co is actually a new scam website that fraudulently uses information from the official website of the well-known broker XM and has not yet completed its site construction. Investors are advised to choose brokers with transparent information, strict regulation, and a good reputation to avoid unnecessary financial losses.
Currently, this broker is labeled as "Suspected Fraud" on Traderknows.
