Reported as a scam / unregulated
Why VZFX is on the register
VZFX claims it offers international online forex and CFDs trading services and it is registered in Scotland (United Kingdom) with registration Number: SC720753. To offer forex services in the UK, a broker must be licensed by the Financial Conduct Authority (FCA), while there are no match results to VZFX in the FCA. So VZFX is not elgible to offer forex services since it operates without a valid license. Besides, the firm offers leverage of 1:400, which becomes a big red flag! According to forex supervisory rules issued by EU regulators, there is no one broker can offer leverage over 400. Therefore, the risky trading condition confirms VZFX is an unlicensed forex broker. That means investors’ money in this broker is unsafe and cannot be protected by any law. It is highly impossible that you can get your money back when things go wrong. 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.