Venosvista is a Contract for Difference (CFD) broker officially registered on January 4, 2024. The broker mainly uses trading platforms such as MT4, MT5, and cTrader to provide users with many trading markets, including forex, commodities, indices, bonds, cryptocurrencies, stocks, futures, etc. It does not operate in the United States, Canada, Israel, New Zealand, Iran, and North Korea.
Company Registration Information and Regulatory Status:
Public information on the Venosvista official website indicates that it is registered in Seychelles as Raw Trading Ltd, an entity authorized and regulated by the Seychelles Financial Services Authority (FSA) with license number SD018.
Upon verification, the Seychelles Financial Services Authority (FSA) website shows that Raw Trading Ltd is a business entity registered in Seychelles by the broker IC Markets. Its FSA-approved websites are https://www.icmarkets.sc and https://www.icmarkets.com. Therefore, Venosvista is a fraudulent website posing as IC Markets.
Moreover, this broker's web design is plagiarized from IC Markets, similar to other fraudulent brokers like Linoxx, ExpertSync, Limexx, Continentaloptionslive, Fenext, and Elon-Mining.
Account Opening:
To open an account with Venosvista, navigate to the homepage of the broker’s official website and click on “Start Trading Now” or "Start Trading" at the top right corner of the webpage. Enter the registration page, fill in personal information such as name, email address, phone number, and set a login password, then submit. Once submitted, the account will be successfully registered.
Trading Accounts:
Venosvista offers users three different types of trading accounts: cTrader Account, Raw Spread Account, Standard Account.
cTrader Account:
- Trading Platform: cTrader
- Trading Commission (per lot): $3.0 (round turn $6.0)
- Spread: From 0.0 pips
- Minimum Initial Deposit: $200
- Trading Leverage: 1:1000
- Maximum Orders per Account: 2000 lots
- Server Location: London
- Micro Lot Trading (0.01): Supported
- Currency Pairs: 61 types
- Index CFD Trading: Supported
- Stop Out Level: 50%
- One-Click Trading: Supported
- Islamic Account: Available
- Allowed Trading Styles: All
- Order Distance Restriction: None
- Programming Language: C
Raw Spread Account:
- Trading Platform: MetaTrader
- Trading Commission (per lot): $3.5 (round turn $7.0)
- Spread: From 0.0 pips
- Minimum Initial Deposit: $200
- Trading Leverage: 1:1000
- Maximum Orders per Account: 200 lots
- Server Location: New York
- Micro Lot Trading (0.01): Supported
- Currency Pairs: 61 types
- Index CFD Trading: Supported
- Stop Out Level: 50%
- One-Click Trading: Supported
- Islamic Account: Available
- Allowed Trading Styles: All
- Order Distance Restriction: None
- Programming Language: MQL4
Standard Account:
- Trading Platform: MetaTrader
- Trading Commission (per lot): $0.0
- Spread: From 0.6 pips
- Minimum Initial Deposit: $200
- Trading Leverage: 1:1000
- Maximum Orders per Account: 200 lots
- Server Location: New York
- Micro Lot Trading (0.01): Supported
- Currency Pairs: 61 types
- Index CFD Trading: Supported
- Stop Out Level: 50%
- One-Click Trading: Supported
- Islamic Account: Available
- Allowed Trading Styles: All
- Order Distance Restriction: None
- Programming Language: MQL4
Trading Platforms:
Venosvista claims to offer trading platforms such as MT4, MT5, and cTrader, but it does not provide any download links, and the aforementioned broker named Venosvista cannot be found on those platforms.
Deposits and Withdrawals:
The Venosvista official website states that it supports credit/debit card transactions, e-wallets, and bank transfers for deposits and withdrawals.
Conclusion:
Traderknows Encyclopedia warns investors that Venosvista is actually a scam website that clones the broker IC Markets. Investors are advised to choose brokers who are transparent, strongly regulated, and have a good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected of fraud" on Traderknows.
