Mazi Finance Scam Exposure: A Warning to Indian Traders
Latest India Mazi Finance scam: Failed XAUUSD execution despite margin, costing $675—fake “insufficient balance” excuse. Protect funds, read the full report now!
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Abstract:VenturyFX is a relatively new brokerage established in 2023 with its headquarters located in Mauritius. While the broker serves clients internationally, notably in regions such as Brazil/Colombia/Spain/Mexico, it currently operates without valid regulatory oversight. The broker holds a WikiFX Score of 1.37, which is considered low and indicates a high-risk environment for traders.

VenturyFX is a relatively new brokerage established in 2023 with its headquarters located in Mauritius. While the broker serves clients internationally, notably in regions such as Brazil/Colombia/Spain/Mexico, it currently operates without valid regulatory oversight. The broker holds a WikiFX Score of 1.37, which is considered low and indicates a high-risk environment for traders.
Based on the available data and current operational status, here are the primary advantages and disadvantages of trading with this broker:
When evaluating the safety of a broker, regulatory status is the primary factor. VenturyFX currently does not hold a valid license from any Tier-1 or offshore financial regulator.
The broker's data indicates that it is headquartered in Mauritius but does not possess valid regulatory certification. Investing with an unregulated broker carries significant risk, as there are no legal protections or compensation schemes in place for clients in the event of insolvency or malpractice. The low WikiFX score reinforces the need for extreme caution.
The broker has received specific complaints from users regarding their funds and trading experience. Below is a summary of reported issues.
A user from Colombia reported a scenario indicative of withdrawal obstruction. The user stated they were required to pay $495 USD upfront in order to withdraw a balance of $1,500 USD. Because the user refused to pay this additional fee, they were unable to access their funds.


A trader from Argentina reported a negative experience involving managed account services. After investing mostly in US dollars, the user claimed that following the broker's specific investment suggestions led to a total loss of funds within three days. The user advised others against using these services.

VenturyFX presents several warning signs for potential investors. It is an unregulated entity established recently in 2023 with a low trust score. Furthermore, documented user complaints regarding withdrawal barriers—specifically demands for upfront payments to release funds—are serious red flags.
Due to the lack of regulatory oversight and the nature of client feedback, we advise traders to exercise extreme caution.
To stay safe and view the latest regulatory certificates, check VenturyFX on the WikiFX App.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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