Think of trading on Vipglobalmarkets.com platform? Is this broker a reliable broker to trust? You seem to be uncertain about the broker let’s read VIP Global Markets reviews to know about this forex broker whether to use or not.
This content promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
About VIP Global Markets FX
VIP Global Markets FX otherwise known as Vipglobalmarkets.com is an offshore brokerage with a lot of promises for forex traders. The forex company chooses to remain anonymous and did not provide any essential information about itself or the company behind it.
The broker offers different account types such as —
Further, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices. Also, it presents a zero spread difference in Buy/Sell.
VIP Global Markets FX Minimum Deposit
VIP Global Markets deposit is indicated $250 according to the account type. In comparison, a licensed FX broker clearly spells out its regulation and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
As for the funding methods, VIP Global Markets offers Visa and MasterCard transfers.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
Withdrawal process:
VIP Global Markets withdrawal says 0.5% per transaction (but no less than $30). This may be fair for an international wire transfer, most brokers would not ask for more than a few dollars for a card withdrawal.
VIP Global Markets offers “attractive” bonuses – but like many other scammers, the broker tries to use these bonuses as a means of preventing clients from withdrawing their money.
VIP Global Markets Platform:
VIP Global Markets presented access to both MT 4, and its own VIP Global Markets online platform. However, we could not find any sort of download links for MT4 on the broker’s website. For some reason, we were not allowed to open an account either – VIP Global Markets’ website simply malfunctioned.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
VIP Global Markets leverage can get up to 1:400. Honestly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Won’t you rather trade with a licensed and legit broker? Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website
What We Discovered about Vipglobalmarkets.com Broker
First of, VIP Global Markets claims to be based in Belgium – but provided no proof of being regulated in that country or any other. Regrettably, the broker chose to remain anonymous and did not provide any essential information about itself or the company behind it.
More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are drawbacks for forex traders/ clients to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
VIP Global Markets Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Concluding Thoughts:
VIP Global Markets FX located at Vipglobalmarkets.com claims to appear like a trustworthy trading broker, however, you should not take the words they say. By all appearances, we would advise traders to steer clear from this broker as it likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
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