Reported as a scam / unregulated
Why VANEX is on the register
VANEX claims to be a regulated firm while presenting neither details about its company information (company name, office address) and regulation, nor legal documents (terms & conditions, risk disclosure and privacy policy, etc.). Lacking for such information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. Besides, this broker claims to be regulated by Vanuatu Financial Services Commission (VSFC). We indeed found an authorized entity named “VANEX LIMITED”, but VFSC provides neither authentication details nor domains of a registered company for traders to verify. Consequently, it is not a hundred percent sure that the licensed entity is the one that runs the business under the trading name of VANEX. Probing further into this broker, we deem that VANEX is a scam firm that falsely uses the regulatory information of the licensed entity. We downloaded its MT5 platform and noticed that this broker is owned by a Thai company named “Vanex International Co.,Ltd” rather than the regulated firm “VANEX LIMITED”. So VANEX is actually not regulated by any financial regulator. That means investors’ funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.