796 Exchange Review: Scam or Legit broker?

796Exchange is a forex broker and cfd broker that offers trading in a huge range of assets spanning commodities, indices, stocks and currencies. 796 Exchange is based in Vanuatu, but is targeting mostly the Chinese Market.

796.com broker

 

796 TRADING PLATFORM

796.com broker offers a web-based  platform, therefore there is no need for downloads. The platform has charting capabilities provided by TradingView and indicators embedded in it.

796 exchange

DEPOSIT AND WITHDRAWAL METHODS

Funding your account is is done through Bitcoin.

IS 796 LICENSED?

Yes 796 is regulated  by the VFSC, with a license number 160/11.But we must say, the VFSC(Vanuatu Financial Services Commission) is not among the best regulatory agencies and they are less stringent compared  to top regulatory bodies.

CONCLUSION

796 Exchange is a broker with major focus on the Chinese market, they also trade cryptocurrencies. Being regulated by the VFSC which has a weak oversight function and not a major regulatory body in the industry, we cannot vouch for this broker.

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