Review summary
VE GROUP LIMITED, operating as VEGLFX, is an entity registered in Australia with a reported operational history of 5 to 10 years. The broker's business scope has been flagged as suspicious, and its regulatory profile is a primary concern. WikiFX data identifies VEGLFX as a Clone Firm, falsely claiming a license from the UK's Financial Conduct Authority (FCA) under the number 470325, which is actually held by a different entity, ULTIMA MARKETS UK LIMITED. This indicates the entity holds no valid, authoritative forex trading licenses, leaving client funds without the protection of a formal regulatory framework. The lack of oversight presents a significant risk for traders. Public exposure highlights issues regarding platform accessibility and fund withdrawals. With a WikiFX Score of 1.61, this broker represents a high-risk proposition for potential investors. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-04-14)
