Forex Brokers

VOTFX Exchange

1.6 (9 reviews)
🇨🇦 Canada
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1.6
9 reviews
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About VOTFX Exchange

VOTFX Exchange has been flagged by Alberta Securities 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.

Customer Reviews

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Would not recommend to others

J
Jennifer V.
4 months ago

I lost a significant amount because VOTFX Exchange did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.

Pros: Helpful community forum|Demo account available|Smooth onboarding

Cons: No fractional shares|Inactivity fee applies after 12 months

Do your due diligence first

A
Amy D.
5 months ago

This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.

Cons: Flagged by international regulators|Due diligence required

They upsell insurance you do not need

S
Samantha M.
6 months ago

I joined VOTFX Exchange after a friend recommended them 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: Quick verification|Social trading features|Responsive team

Cons: No phone support on weekends|Withdrawal takes 1-2 business days

Where do I even begin

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Brooke W.
9 months ago

The spread at VOTFX Exchange is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them through a forum discussion and initially thought the platform was good - until I started trading seriously.

Pros: Quick verification|Good analytical tools

Cons: Some tools only available on higher tiers|Charting tools need more indicators

Cannot withdraw funds - classic scam

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Elizabeth A.
9 months ago

I want to warn everyone about VOTFX Exchange. They have been flagged by Alberta Securities Commission as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.

Cons: Cannot withdraw funds|Not regulated|Pressure tactics

Red flags everywhere

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Anna L.
10 months ago

Several red flags with VOTFX Exchange: (1) They promise unrealistically high returns, (2) They're not registered with Alberta Securities Commission, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.

Cons: Unauthorized firm|Found in IOSCO warnings database

They target inexperienced users

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Harry P.
11 months ago

I trusted VOTFX Exchange with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.

Pros: Automated trading options|Segregated accounts

Cons: Some tools only available on higher tiers

The epitome of bad service

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Liam M.
11 months ago

I had a dispute with VOTFX Exchange 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: Helpful community forum|Segregated accounts|Easy to use platform|Professional team

Cons: No integrated tax optimization

Requote on winning trades only

H
Harry R.
12 months ago

I requested my data from VOTFX Exchange under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.

Pros: Clean UI|Reliable uptime|Smooth onboarding

Cons: Help articles are sometimes vague