Beware! Venus4T is an offshore broker! Your investment may be at risk.

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The Venus4T website invites us to elevate our trading experience by becoming clients of this established and successful forex broker. But even a cursory inspection reveals numerous clues that Venus4T is not, in fact, a legitimate financial services provider. In this review, we’ll show you why it’s not advisable to trust Venus4T with your money and recommend more trustworthy forex brokers.

Venus4T Regulation and safety of funds

Guaranteed FundsSegregated AccountsNegative balance protection
Venus4T
UK regulated brokers£85 000YesYes
EU regulated brokers€20 000YesYes
AU regulated brokersNoYesYes
US regulted brokersYesYesNo

Legitimate forex brokers provide clear and detailed information about the legal entity that owns and operates them, where it is based, what licences it has and which regulators oversee its activities. Lack of such details or improper presentation of them are always a red flag that we are probably dealing with a scam.

Venus4T is completely anonymous. Even the text of the Terms and Conditions does not name a company or detail a regulatory licence.

A contact address in Switzerland is provided. But there is no licensed broker using the Venus4T brand and domain in the Swiss Financial Market Supervisory Authority (FINMA) register.

The website claims that this broker has offices in other countries such as the United Kingdom, Australia and Canada. But this is also not true. Financial authorities in the Canadian province of Quebec have even posted a warning to investors that Venus4T is not authorised.

Before investing your money in financial instruments, it is imperative to make sure you do so through a licensed intermediary and not one of the many scammers lurking online.

You should only trust legitimate brokers operating in one of the established financial centres like the UK, EU, USA or Australia. There, the activities of brokers are controlled by powerful regulatory bodies such as UK’s Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Commodity Futures Trading Commission (CFTC) in US or Australian Securities and Exchanges Commission (ASIC). Clients of these brokers receive protections such as negative balance protection and segregation of the client’s funds from the broker’s funds.

In the EU and the UK, brokers must also participate in guarantee schemes that cover a certain amount of the trader’s investment if the broker becomes insolvent. These guarantees amount to up to 20 000 EUR in the EU and 85 000 GBP in the UK. However, the likelihood of such a bankruptcy is low because regulators also have significant net capital requirements that companies must maintain – EUR 730 000 in UK and Cyprus, AUD 1000 000 in Australia and at least 20 million USD in the United States.

Venus4T Trading software

Analytical toolsAuto tradingCustom indicatorsMobile apps
Venus4T platform
MT430+ indicatorsAndroid and iOS
MT550+ indicatorsAndroid and iOS
cTrader40+ indicatorsAndroid and iOS

There is a link on the website to download the MetaTrader 5 (MT5) platform, but the installation file is for a generic version of the software that is not customised for a specific broker.

Registering for a Venus4T account requires a promo code, which is why we were unable to determine whether the broker provides authentication for logging into the MT5 trading server.

Financial scammers sometimes prefer to handpick their potential victims through social networks and online forums, which is why they do not allow free registration. Genuine brokers allow easy Demo account creation.

On the website we also see links to download remote access software. Scammers often convince potential victims to install such software and provide access to their personal devices, supposedly to get technical help.

There are plenty of legitimate, regulated brokers who enable their clients to take advantage of MT4 and MT5‘s capabilities.

Venus4T Trading instruments

CurrencyStocksIndicesCryptoCommodities
Venus4T
XMYesYesYesNoYes
FBSYesYesYesYesYes
FXTMYesYesYesYesYes

Venus4T advertises trading in all major asset classes. But the trading offered by such unauthorised brokers is not real, but fictitious. Your money is not actually invested in financial instruments, but sinks into the scammers’ pockets.

Venus4T Spreads and cost of trading

Venus4TXMFBSFXTM
Spread EURUSD0.611.1
Spread GBPUSD1.31.21.4
Spread USDJPY1.31.21.4

The descriptions of the Venus4T  account types lack information on some of the key trading parameters, including the most important one – the price paid by the customer.

Venus4T Maximum leverage

ForexStocksCryptoGoldIndices
Venus4T50:150:150:150:150:1
UK regulated brokers30:15:110:110:1
EU regulated brokers30:15:12:110:110:1
AU regulated brokers30:15:12:110:110:1
US regulated brokers50:1

Venus4T offers leverage of up to 1:50, which is not allowed to genuine brokers licensed in Europe. High leverage creates the opportunity for more significant profit, but correspondingly increases the risk of sudden and excessive losses. All leading regulators therefore restrict leverage for retail traders.

If you are willing to take the risk of trading with high leverage and benefit from bonuses and promotions, the best option is to invest through an offshore division of an established brand.

Venus4T Deposit and withdrawal methods

Due to our inability to register an account, we were unable to ascertain what payment methods  Venus4T uses. Experience has shown that fraudsters direct their potential victims to cryptocurrency transactions that do not allow refunds to be requested.

Legitimate brokers typically offer clients a wide choice of transparent payment methods, including bank transfer, credit/debit cards and established e-wallets such as PayPal, Skrill or Neteller.

Venus4T Minimum deposit

Venus4TXMFBSFXTM
Minimum deposit$250$5$10$5

Venus4T specifies a minimum deposit of 250 USD, which is the industry standard. But this means that for the same amount you could open a trading account with an established and duly licensed forex broker. Some of the leading brands in the industry offer Micro and Cent accounts with a very low entry threshold that are suitable for novice investors.

Venus4T Withdrawal requirements

Trading volumeFee/Tax on withdrawalMinimum withdrawal
Venus4TNot specifiedNot specifiedNot specified
UK regulated brokersNoNoNo
EU regulated brokersNoNoNo
AU regulated brokersNoNoNo
US regulated brokersNoNoNo

Venus4T does not specify extraordinary conditions for withdrawal. But these types of scams always surprise you with hidden fees and other tricks that prevent you from withdrawing your money back.

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