Brief Look at FxRevenues
FxRevenues is a trading brand of VHNX Ltd, registered in Saint Vincent and the Grenadines. It manages two websites,www.fxrevenues.com and www.fxrevenues.org, launched in April 2022.
In August 2022, the New Zealand Financial Markets Authority (NZ FMA) published a message on its website stating that FxRevenues is not authorized to provide intermediary services for derivatives trading and does not hold brokerage and investment consulting services licenses. Similar warnings about FxRevenues' unauthorized activities appeared on the websites of the Ontario Securities Commission (OSC) of Canada in April 2023 and the Financial Conduct Authority (FCA) of the UK in August 2023.
The main complaints from FxRevenues' clients include misappropriation of funds, such as withdrawal blocking and interference with trading, intrusive service with unsolicited investment advice, high trading expenses, and hidden fees.
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