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/10

Vorex

Cyprus|5-10 years|
Suspicious Scope of Business|High potential risk|

https://www.vorextradingfx.com/en/

Website

Rating Index

Contact

support@Vorex.com
https://www.vorextradingfx.com/en/

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Vorex Trading LLC

Company Abbreviation

Vorex

Platform registered country and region

Cyprus

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2024-05-20
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

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Vorex · Company Summary

Note: Vorexs official site - https://www.vorextradingfx.com/en/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

Vorex Review Summary in 10 Points
Founded N/A
Registered Country/Region Cyprus
Regulation No license
Market Instruments Global Stocks, cryptocurrencies, Commodities Futures, Foreign Exchange, Energies, and Precious Metals
Demo Account N/A
Leverage N/A
EUR/USD Spread N/A
Trading Platforms N/A
Minimum deposit N/A
Customer Support 24/7 Contact Form, email

What is Vorex?

Vorex is a forex broker registered in Cyprus, owned and operated by a company called Vorex Trading LLC, offering its clients investment services, a stable trading platform, and 24 x7 customer support. Concerning its regulation, as per WikiFX, this brokerage is not authorized or regulated by any regulatory authorities. Please be aware of the risk.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros Cons
• Wide range of trading instruments • No license
• Unavailable website
• Report of unable to withdraw
• Lack of transparency

Vorex Alternative Brokers

    There are many alternative brokers to Vorex depending on the specific needs and preferences of the trader. Some popular options include:

    • Equiti - A reputable broker with a wide range of trading instruments and reliable customer service.

    • TigerWit - A user-friendly platform offering innovative social trading features and competitive spreads.

    • XGLOBAL Markets - A reliable broker with a diverse range of trading options and a strong focus on client satisfaction.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is Vorex Safe or Scam?

As Vorex is unregulated and its website is currently unavailable, it raises concerns about the safety and legitimacy of the platform. Trading on an unregulated platform carries inherent risks, as there is no oversight or protection for traders. It is important to exercise caution and consider these risks before engaging with such platforms. It is advisable to choose regulated brokers that adhere to strict financial regulations and offer investor protection.

Market Instruments

Vorex claims to provide a diverse range of trading instruments, encompassing various financial markets. These instruments include global stocks, which allow traders to access and trade shares of companies from around the world. Additionally, Vorex claims to offer cryptocurrencies, enabling traders to participate in the growing market of digital currencies. Commodities futures are also mentioned, which typically involve trading contracts based on the future price of commodities such as oil, natural gas, or agricultural products.

Foreign exchange (Forex) is another market mentioned, where traders can engage in currency trading. Energies, such as crude oil and natural gas, as well as precious metals like gold and silver, are also listed as tradable instruments. While these instruments cover a broad spectrum of markets, it is important to note that due diligence should be exercised when considering trading on an unregulated platform like Vorex.

How to open an account with Vorex?

Opening an account with Vorex is not a difficult process. Here are a few straightforward steps for you to follow:

Step 1: Click “Sign Up” on the homepage of Vorex;

Step 2: Fill out some required details, phone number, and valid email address, in the following form;

Step 3: After registration, you need to go to your mailbox to activate your account;

Step 4: The final step, fund your account and begin to trade with this brokerage.

How to open an account with Vorex?

It is important to note that given Vorex's unregulated status and the unavailability of their website, caution should be exercised before proceeding with account registration and funding.

Trading Platforms

Unfortunately, due to the unavailability of Vorex's website, specific information regarding the trading platforms offered by the company is not readily accessible. Vorex does not specify the trading platform it provides, and it is possible that they offer a proprietary platform developed in-house.

However, without further details or access to their website, it is challenging to provide comprehensive information about the features, functionality, and user experience of Vorex's trading platforms. Traders should exercise caution and conduct thorough research before engaging with any broker that does not provide transparent information about their trading platforms.

Customer Service

For any inquiries, traders can get in touch with this brokerage 24/7 through the following channels: A contact form (filling out some required details, then waiting to be connected), or Email: support@vorextrading.com.au. Vorex also maintains a presence on social networks like Facebook, Twitter, and Instagram, where traders can potentially stay updated with the latest news and announcements from the brokerage. However, it is important for traders to note that due to the unavailability of Vorex's website, the level of customer service provided by the company cannot be fully evaluated or assessed.

Customer Service
Pros Cons
• Availability of a contact form for inquiries • Limited channels of communication
• Email support provided • No live chat support
• Social media presence

Note: These pros and cons are subjective and may vary depending on the individual's experience with Vorex's customer service.

User Exposure on WikiFX

On our website, you can see that a report of unable to withdraw. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

User Exposure on WikiFX

Conclusion

Given the limited information and unavailability of the Vorex website, it is challenging to provide a comprehensive review and reach a definitive conclusion. However, the lack of regulation and transparency raises concerns about the safety and legitimacy of the platform. Traders should exercise caution and conduct thorough research before engaging with Vorex or any unregulated broker. It is advisable to choose regulated and reputable brokers to ensure the security of funds and protect against potential scams or fraudulent activities.

Frequently Asked Questions (FAQs)

Q 1: Is Vorex regulated?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: Is Vorex a good broker for beginners?
A 2: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website.

User Reviews

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Comments

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FX1130615209
more than one year
Scam tried to get me to invest more, then cut and run. They lured me by letting me withdraw a small amount to show it was legit, but it's not, I lost the rest to them.
2022-12-12 16:41
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FX1114992172
more than one year
A very excellent broker I have met, with their customer support helpful and patient. I really appreciate Andrew’s kind guidance of my account opening. I did have a pleasant trading experience on this platform.
2022-12-08 10:55
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