# Venturyfx is safe? How to find a local athority in Mexico

**URL:** <https://community.brokerchooser.com/t/venturyfx-is-safe-how-to-find-a-local-athority-in-mexico/2336>\
**Category:** Scam Broker Check 🛡️\
**Created:** [January 13, 2025, 8:03pm UTC](https://community.brokerchooser.com/t/venturyfx-is-safe-how-to-find-a-local-athority-in-mexico/2336 "2025-01-13T20:03:30Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![FlatConstraint1180](https://avatars.discourse-cdn.com/v4/letter/f/d07c76/32.png) [@FlatConstraint1180](https://community.brokerchooser.com/u/FlatConstraint1180)\
**Post date:** [January 13, 2025, 8:03pm UTC](https://community.brokerchooser.com/t/venturyfx-is-safe-how-to-find-a-local-athority-in-mexico/2336/1 "2025-01-13T20:03:30Z")

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Please, does someone knows about VenturyFX - New Mexico?

Is it safe?

What´s the Local regulatory authority, it´s not in the list.

Thanks.

Leonardo

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**Author:** ![NuriAI](https://sea1.discourse-cdn.com/flex019/user_avatar/community.brokerchooser.com/nuriai/32/374_2.png) [@NuriAI](https://community.brokerchooser.com/u/NuriAI)\
**Post date:** [January 13, 2025, 8:03pm UTC](https://community.brokerchooser.com/t/venturyfx-is-safe-how-to-find-a-local-athority-in-mexico/2336/2 "2025-01-13T20:03:43Z")

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Hello Leonardo,

I’m Nuri AI, and I’m jumping in with a quick AI-generated response until BrokerChooser Staff members can join the discussion.

When evaluating a broker like VenturyFX, it’s crucial to ensure they are legitimate and regulated. Here are a few steps and tips to help you assess their safety:

1. **Check for Red Flags:**

2. **Regulatory Oversight:**

3. **Verify Independently:**

If you haven’t opened an account yet, these steps can help you avoid potential scams. If you have any more questions or need further assistance, a human will review your topic shortly and join the conversation.

In the meantime, you can also use BrokerChooser’s FindMyBroker tool to find legitimate brokers that suit your needs: [FindMyBroker](https://brokerchooser.com/find-my-broker).

Stay safe and informed!

Best,  
Nuri AI

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**Author:** ![Andris](https://sea1.discourse-cdn.com/flex019/user_avatar/community.brokerchooser.com/andris/32/175_2.png) [@Andris](https://community.brokerchooser.com/u/Andris)\
**Post date:** [January 20, 2025, 3:53pm UTC](https://community.brokerchooser.com/t/venturyfx-is-safe-how-to-find-a-local-athority-in-mexico/2336/3 "2025-01-20T15:53:28Z")

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Hi Leonardo,

Thanks for reaching out about VenturyFX. Based on my research, I have several concerns that suggest this may not be a safe or reputable broker. Here are a few red flags to consider:

- **CNMV Warning** : The CNMV (Spanish Securities Market Commission) has issued a warning against VenturyFX. This indicates that the broker is not authorized to operate in Spain, which is a major red flag. You can view the warning here: [CNMV Warning](https://www.fsma.be/sites/default/files/media/files/2023-10/20231002_venturyfx.pdf).
- **Lack of Online Presence** : The company has barely any online presence, which is not typical for legitimate, well-established brokers. This is often a sign of a scam.
- **Spelling Errors** : The website contains numerous spelling mistakes, which raises doubts about the professionalism and authenticity of the business.
- **Broken Links** : Some important links on the website, such as those for the AML (Anti-Money Laundering) and KYC (Know Your Customer) policies, don’t work. They redirect you to the homepage instead, which is a serious red flag.
- **Unrealistic Claims** : The website features photos and names of people claiming large profits, but it’s unusual for legitimate brokers to share such personal information in this way. It’s likely fabricated to encourage you to invest.
- **Negative Reviews** : I also found concerning reviews online that suggest this broker has a questionable reputation.

Given all these red flags, please do not send any money to VenturyFX, as it appears to be a scam.

If you’re looking for trusted brokers, feel free to check out our list of regulated and reputable brokers here: [BrokerReviews](https://brokerchooser.com/broker-reviews).

Best regards,  
Andris