BrokersView has reviewed that Envi FX is an unregulated forex broker Envi FX claims on its website to be regulated by MWALI International Services Authority (MISA); however, verification by BrokersView reveals that the company has been listed as "Suspended" and is no longer authorized to conduct related trading activities. Additionally, the platform states it is registered in Saint Vincent. While we confirmed this registration, the Financial Services Authority (FSA) of Saint Vincent and the Grenadines registration only confirms its status as an International Business Company (IBC) and does not constitute a forex regulatory license. The SVG FSA does not regulate forex activities. Therefore, Envi FX currently holds no valid regulatory oversight and may pose a high risk of fraud.
Envi FX
VisitRisk Level - High
Envi FX
Risk Level - High
Scam Evidence & Warnings
Potential Scam? Hey CS, can you help? Envi FX isn't responding to my withdrawal requests. Dear Investor,Thank you for reaching out to us. We understand the distress and frustration this issue may have caused you. Envi FX is a broker supervised by offshore authorities that offer minimal protections for investors compared to top-tier counterparts. Notably, the Mwali International Services Authority (MISA) has been flagged by the Central Bank of Comoros as a fake authority, raising concerns about its legitimacy. However, we still encourage you to file a complaint with MISA to give it a try.Additionally, please file a complaint on our platform at BrokersView Complaint. Our dedicated team will thoroughly review your case and work diligently to help you find a possible solution. View Source
Is tradenv regulated in Cyprus? Dear Investor, It is highly probable that Tradenv, formerly known as Envi FX, is currently operating as a fraudulent broker. While the company does claim to have a registered address in Cyprus, our research with the Cyprus Securities and Exchange Commission (CySEC) has revealed that there is no registered broker associated with this address. It appears that trade in this jurisdiction is unregulated. It claims to hold a licence issued by MWALI International Services Authority (MISA), under licence number T2023238. Following a thorough search, it was determined that the associated licensed entity, Envi LLC, has been listed as suspended. Furthermore, the registered domain matches that of the platform in question. Please be advised that MISA has decided to withdraw its regulatory oversight of this broker. Furthermore, as stated in its official declaration, TradenvLLC is registered with the Financial Services Authority (FSA) in Saint Vincent and the Grenadines. We were unable to locate a matching result in the SVG FSA registry, neither. Therefore, it is important to note that Tradenv is not regulated in Cyprus and has not been granted a licence by any regulatory authority. This raises concerns regarding its legitimacy. We strongly advise against trading with this broker, as it may cause you financial losses. View Source
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