VenturyFX has been flagged by Comisión para el Mercado Financiero (Financial Market Commission) for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
VenturyFX offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Educational resources|Automated trading options|Regular platform improvements
Cons: Slow to add new assets|Onboarding videos are outdated
After doing some research AFTER the fact (I know, I should have done this first), I discovered that VenturyFX is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Lost entire investment|Reported to authorities|Unresponsive
I was about to invest with VenturyFX but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Comisión para el Mercado Financiero (Financial... has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
I joined VenturyFX through a forum discussion and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Great customer service|Low minimum deposit|Fast support response|Helpful community forum
Cons: No dark mode on mobile
I had a dispute with VenturyFX and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Customizable dashboard|Multi-device support|Transparent fees|No hidden fees
Cons: Limited demo account features|Could offer more webinars
My card was charged twice by VenturyFX on the same day. I had to dispute it with my bank. VenturyFX then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Responsive team|Tax reports included|Smooth onboarding|Two-factor authentication
Cons: Limited ETF selection|Slow to add new assets
Do not be fooled by the professional-looking website. Behind the scenes, VenturyFX is disorganized and incompetent. I found them after reading several online reviews and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Instant funding|Personal attention|Easy to use platform|Regular platform improvements
Cons: No fractional shares|Minor UI glitches occasionally