Recently, a netizen posted an exposure on Aihuicha. Huiyou is trading on a platform called Vinifx. Huiyou applied for a withdrawal of $1000 on the platform, but by April 3rd, the deposit had not been received and was still in the stage of failing the review. The reason for failing the review was that the trading account should contact customer service for data verification for the first withdrawal.
During this period, Huiyou also contacted customer service to verify the withdrawal information; But it has been almost a month since the withdrawal application, and no progress has been made.
For the first withdrawal, it is understandable that the platform has verified the withdrawal account status, but the withdrawal application status remains unchanged for a month. We cannot help but suspect, "This is not an excuse for the black platform not to provide gold, is it. So, what kind of platform is Vinifx? Please refer to the query results of Aihuicha below.
Replacing Regulation with Saint Vincent Registration
According to Exposure Huiyou, the website of the Vinifx platform is https://vinifx.com Upon inquiry on the domain name website, it was found that the website was created in September 2017 and is not a new domain name.
Opening the Vinifx official website, you can see that the platform claims to provide trading services such as foreign exchange, stock index, precious metals, cryptocurrency, etc., operated by Vinifx LLC, registered in Saint Vincent and Grenadine, with license number 1884 LLC 2022. But apart from that, Vinifx did not demonstrate any other regulations.
Although the registration information for ViniFx LLC can be found at the Saint Vincent and Grenadines Financial Services Authority (FSA). But it should be noted that the Saint Vincent FSA does not regulate financial derivatives at all. That is to say, Vinifx is actually a fake trading platform without any regulation.
Ai Hui Cha Reminder:
Why do so many black platforms like to register with the Saint Vincent FSA to impersonate regulatory authorities? This is related to the low registration fees of Saint Vincent International Business Company.
According to data, the registration fee for registering an international business company with the FSA is only $125, in addition to an annual fee of $100 and other fees of 50 yuan, totaling $275 (approximately 1891 yuan). This means spending 2000 yuan to have a seemingly "towering" international company identity. This investment is not a big deal for fraud groups, which has led to fraud platforms going to Saint Vincent to register companies and impersonate them for supervision.
As an investor, it is important to stay away from platforms with only Saint Vincent FSA license numbers.
