Envoy Fin is a CFD broker whose official website domain was registered on March 12, 2024. This broker primarily offers investment services in foreign exchange, cryptocurrencies, indices, stocks, energy, and commodities markets. It does not provide services in countries and regions where it might violate local laws or regulations.
Company Registration Information and Regulatory Status
Public information on the official website of Envoy Fin (envoysfin.live) shows that the broker was established in 2016, claiming its company entity is VLS and that it is regulated by the Australian Securities and Investments Commission (ASIC). Apart from this, the broker has not disclosed the company entity registration information or detailed regulatory information.
Upon investigation, the Australian Securities and Investments Commission (ASIC) did not find any regulated company named "VLS."
Therefore, Envoy Fin (envoysfin.live) is actually a fraudulent broker website with neither a company entity nor any regulatory compliance.
Account Opening Process
The Envoy Fin trading account opening process involves visiting the broker's official website, clicking "Open Account" on the homepage or "SIGN UP" at the top right corner of the webpage to enter the account registration page, filling in personal information such as name and email as required, setting a login password, and submitting it. Once the account is verified, the registration will be successful.
Trading Products:
Envoy Fin offers a variety of trading products, including Forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Indices trading allows speculation on the performance of an entire market or industry without trading individual stocks, exploring popular indices can reveal diverse trading opportunities and leverage to enhance potential returns.
- Commodities: Commodity trading covers key resources in global markets, allowing traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to participate in the price fluctuations of public companies, earning profit based on company performance and dividends without actual stock ownership.
- Cryptocurrencies: Cryptocurrency trading offers digital currency enthusiasts the opportunity to profit from highly volatile assets.
Investment Plans
Envoy Fin offers four different types of investment plans: STARTER ACCOUNT, CLASSIC ACCOUNT, PLATINUM, and FOREX SIGNALS.
STARTER ACCOUNT:
- Minimum deposit: £500
- Expected minimum profit: £3,500
- Expected maximum profit: £5,000
- Trader education*
- Risk management
- Tax-free spread trading profits
CLASSIC ACCOUNT:
- Minimum deposit: £5,000
- Expected minimum profit: £45,000
- Expected maximum profit: £50,000
- Expert news and analysis
- Competitive spreads
- Advanced trading tools
- Tax-free spread trading profits
PLATINUM:
- Minimum deposit: £10,000
- Expected minimum profit: £99,999
- Full suite of benefits
- Trader education*
- Advanced risk management
- Tax-free spread trading profits
FOREX SIGNALS:
- Professional Forex signals
- Up to 10 signals daily
- 95% success rate
- 24/7 support
- Advanced trading tools
- Payment via Bitcoin only
- Use any broker
Trading Platform
Envoy Fin offers users a self-developed trading platform, claiming an average order execution speed of less than 7.12 milliseconds, with over comprehensive liquidity providers, and more than 12,000 orders executed per second.
Deposits and Withdrawals
Envoy Fin only supports deposits and withdrawals via cryptocurrencies.
Conclusion:
Traderknows reminds investors that Envoy Fin is a scam broker that lures investors with promises of high returns. This site has neither a physical company nor any regulation. It is recommended that investors choose brokers with transparent information, strong regulation, and a good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
