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The WikiFX Score of this broker is reduced because of too many complaints!

Vipotor

Malta|2-5 years|
White label MT4|Regional Brokers|Australia Appointed Representative(AR) Revoked|Suspicious Overrun|High potential risk|

https://www.vipotor.com

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
VIPOTORWealth-Demo MT4
Server Location Hong Kong

Contact

+356 2778 1919
services@Vipotor.com
https://www.vipotor.com
PO BOX 4000, Gippsland Mail Centre, Victoria 3841
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

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

Single Core

1G

40G

Open Now

Contact number

English

+356 2778 1919

Other ways of contact

Broker Information

More

Company Name

Vipotor Wealth Ltd

Abbreviation

Vipotor

Platform registered country and region

Malta

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 5
Previous Detection : 2024-07-19
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 82 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • United StatesNFA (license number: 0538884) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!
  • AustraliaASIC (license number: 001292257) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
  • This broker exceeds the business scope regulated by United States NFA(license number: 0538884)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

WikiFX Verification

Vipotor · WikiFX Survey

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Vipotor · Company Summary

Aspect Information
Company Name VIPOTOR
Registered Country/Area Malta
Founded Year 2019
Regulation Unauthorized by NFA
Minimum Deposit $100
Maximum Leverage Up to 1:100
Spreads Starting from 1.1 pips
Trading Platforms MT4
Tradable Assets Forex exchange, forex exchange options, CFDs
Account Types Standard, Premium, Prime account
Customer Support English phone: +356 2778 1919, Email: services@Vipotor.com
Deposit & Withdrawal Wire Transfer, Debit/Credit Cards, Skrill, Neteller
Educational Resources Limited educational resources

Overview of VIPOTOR

VIPOTOR, founded in Malta in 2019, is an online trading platform offering a diverse range of market instruments, including forex exchange, forex exchange options, and CFDs. The platform supports the popular MetaTrader 4 (MT4) trading platform, offering traders a user-friendly interface and comprehensive charting tools.

However, it's important to note that VIPOTOR is unauthorized by the National Futures Association (NFA) in the United States, raising concerns about regulatory oversight and user protection.

Overview of VIPOTOR

Is Vipotor legit or a scam?

VIPOTOR is unauthorized by the regulatory authority, the National Futures Association (NFA), in the United States. It holds a Common Financial Service License with License No. 0538884 and operates under the name VIPOTOR WEALTH LTD. It's crucial to emphasize that VIPOTOR's regulatory status is“Unauthorized.”

Traders should exercise extreme caution and conduct comprehensive research before engaging in trading activities with unauthorized entities.

Is Vipotor legit or a scam?

Pros and Cons

Pros Cons
Diverse range of market instruments Unauthorized by the regulatory authority
Provides the popular MT4 trading platform Lack of comprehensive educational resources
Offers various deposit methods
Competitive spreads
Leverage of up to 1:100

Pros:

  1. Diverse Range of Market Instruments: The platform provides a variety of market instruments, such as forex exchange, forex exchange options, and CFDs. This broad range caters to different trading preferences and strategies.

  2. MT4 Trading Platform: VIPOTOR supports the widely acclaimed MetaTrader 4 (MT4) trading platform. MT4 is known for its user-friendly interface, comprehensive charting tools, and technical analysis capabilities, making it a popular choice among traders.

  3. Various Deposit Methods: VIPOTOR offers multiple deposit methods, including wire transfers, debit/credit cards, and e-wallets. This variety ensures convenience and flexibility for traders when funding their accounts.

  4. Competitive Spreads: VIPOTOR provides competitive spreads, particularly on major currency pairs. Competitive spreads can help traders optimize their trading costs, potentially leading to more profitable trades.

  5. Leverage of up to 1:100: The platform offers leverage of up to 1:100. Leverage allows traders to control larger positions with a relatively small amount of capital. This can amplify potential profits, but it also comes with increased risk.

Cons:

  1. Unauthorized Regulatory Status: VIPOTOR lacks authorization from a reputable regulatory authority. This raises concerns about transparency, oversight, and user protection.

  2. Lack of Comprehensive Educational Resources: VIPOTOR's educational resources are limited, which can be a drawback for traders seeking in-depth knowledge and skill development.

Market Instruments

VIPOTOR provides its clients with a diverse range of trading assets across various categories, allowing traders to explore a wide array of investment opportunities:

  1. Forex Exchange: VIPOTOR offers access to the foreign exchange market, commonly known as forex trading. Clients can trade major currency pairs like EUR/USD, GBP/USD, USD/JPY, and numerous exotic currency pairs.

  2. Forex Exchange Options: In addition to spot forex trading, VIPOTOR provides clients with the opportunity to engage in forex exchange options trading.

  3. Contract for Difference (CFD) Products: VIPOTOR also offers a range of CFD products, which include various assets such as indices, commodities, stocks, and cryptocurrencies. Traders can speculate on the price movements of these underlying assets without owning them physically.

Market Instruments

Account Types

VIPOTOR offers three distinct account types to accommodate traders of various experience levels and preferences.

  1. Standard Account: This entry-level account provides traders with leverage of up to 1:100, allowing them to amplify their positions. The spread on major pairs is competitive at 1.7 pips, making it suitable for those who want cost-effective trading conditions. Additionally, there are no commissions associated with this account type, making it attractive for traders looking to keep trading costs low. The minimum deposit requirement for a Standard Account is $100, making it accessible to a wide range of traders. You can trade on this account using the popular MT4 trading platform.

  2. Premium Account: With a minimum deposit of $500, the Premium Account offers the same leverage of up to 1:100 as the Standard Account. However, traders benefit from slightly tighter spreads, with major pairs having a spread of 1.4 pips.

  3. Prime Account: For experienced traders and those looking for the tightest spreads and the highest leverage, the Prime Account is a suitable choice. It requires a minimum deposit of $5,000 and provides leverage of up to 1:100. The spreads are notably low, with major pairs having a spread of just 1.1 pips.

Account Type Standard Premium Prime
Leverage Up to 1:100 Up to 1:100 Up to 1:100
Spread 1.7 pips 1.4 pips 1.1 pips
Commission None None None
Minimum Deposit $100 $500 $5,000
Trading Tool MT4 MT4 MT4
Customer Support 24/7 24/7 24/7

How to Open an Account?

Opening an account with VIPOTOR is a straightforward process. Here are the five steps to guide you through the procedure:

  1. Visit the VIPOTOR Website: Start by visiting the official VIPOTOR website (https://www.Vipotor.com/).

  2. Registration: You'll be prompted to provide your personal information, including your full name, email address, phone number, and country of residence. Make sure the information you provide is accurate and matches your official documents.

  3. Account Type Selection: VIPOTOR offers multiple account types, such as Standard, Premium, and Prime. Select the account type that aligns with your trading needs and budget.

  4. Identity Verification: To comply with regulatory requirements, VIPOTOR may require you to verify your identity. This often involves submitting a copy of your government-issued ID, passport, or other identification documents.

  5. Fund Your Account: Once your account is approved, you can proceed to fund it. VIPOTOR typically accepts various deposit methods, such as wire transfer, debit/credit cards, and e-wallets like Skrill and Neteller.

How to Open an Account?

Leverage

Vipotor offers leverage up to 1:100 for futures and options contracts. Leverage allows you to control a larger position with a smaller amount of capital. However, leverage can also be risky, as it can amplify your losses as well as your profits.

Account Type Standard Premium Prime
Leverage Up to 1:100 Up to 1:100 Up to 1:100

Spreads & Commissions

VIPOTOR provides competitive spreads for traders across its account types. In the Standard account, the spread for major pairs is 1.7 pips, while the Premium account offers tighter spreads at 1.4 pips. For the Prime account, traders can benefit from even lower spreads starting at 1.1 pips. Notably, VIPOTOR does not charge any commissions, enhancing cost-effectiveness for its clients.

Account Type Standard Premium Prime
Spread 1.7 pips 1.4 pips 1.1 pips
Commission None None None

Trading Platform

VIPOTOR is a trading platform that provides its users with access to the popular MetaTrader 4 (MT4) trading platform, catering to the needs of both PC and mobile users on IOS and Android devices. Additionally, VIPOTOR offers an online trading portal that allows traders to engage in trading without the need for any downloads or installations.

MetaTrader 4 (MT4) Platform: One of the standout features of VIPOTOR is its support for the MT4 trading platform. MT4 is well-regarded in the trading community for its user-friendly interface, advanced charting tools, technical analysis capabilities, and a wide range of customizable indicators. This platform is favored by both novice and experienced traders alike for its reliability and comprehensive set of features.

Multi-Device Compatibility: VIPOTOR ensures accessibility for traders on various devices. Whether you prefer trading on your PC or on the go using your mobile device, VIPOTOR has you covered. The MT4 trading platform is available for PC users, while traders on IOS and Android devices can also enjoy seamless trading experiences.

Online Trading Portal: In addition to the downloadable MT4 platform, VIPOTOR provides an online trading portal. This portal offers traders a convenient way to access the markets without the hassle of software installations. Traders can simply log in to their accounts through a web browser and commence trading immediately. This feature is especially appealing to traders who value flexibility and quick access to the markets.

User-Friendly Approach: VIPOTOR's emphasis on the MT4 platform and an online trading portal reflects its user-friendly approach. The availability of multiple options allows traders to choose the method that best suits their preferences and trading styles. Whether you're a desktop enthusiast or prefer the convenience of mobile trading, VIPOTOR caters to your needs.

Trading Platform

Deposit & Withdrawal

VIPOTOR offers a variety of payment methods to accommodate its clients' preferences. Traders can fund their accounts using common payment options widely supported by brokers, including Wire Transfer, Debit/Credit Cards, and popular e-wallets like Skrill and Neteller.

  1. Wire Transfer: This traditional banking method allows for secure and direct transfers from your bank account to your VIPOTOR trading account. It is a reliable option for larger deposits, but processing times may vary depending on your bank and location.

  2. Debit/Credit Cards: VIPOTOR accepts payments via major debit and credit cards, providing a convenient and widely-used option. Deposits made through cards are usually processed quickly, allowing traders to start trading promptly.

  3. E-Wallets (Skrill and Neteller): E-wallets offer a swift and convenient way to deposit funds into your VIPOTOR account. Skrill and Neteller are popular choices among traders due to their ease of use and rapid transaction processing times.

The minimum deposit requirement varies based on the chosen account type, with the Standard account requiring a minimum deposit of $100, the Premium account at $500, and the Prime account at $5,000. Traders should ensure they meet the minimum deposit criteria for their selected account type before initiating the deposit process.

Account Type Standard Premium Prime
Minimum Deposit $100 $500 $5,000
Deposit & Withdrawal

Customer Support

VIPOTOR offers responsive customer support to assist its clients with any inquiries or concerns. For direct communication, you can reach VIPOTOR's English-language customer support team at +356 2778 1919. Additionally, you can contact VIPOTOR via email at services@Vipotor.com for assistance and information. These multiple customer support channels ensure that clients have access to reliable assistance, enhancing their overall trading experience and addressing any issues promptly and effectively.

Customer Support

Educational Resources

VIPOTOR lacks comprehensive educational resources. The platform does not provide an extensive collection of educational materials for traders seeking in-depth knowledge and skill development. While basic FAQs may address common queries, traders looking for a more robust educational experience may need to supplement their learning with external sources or educational platforms to enhance their trading expertise while using VIPOTOR as their trading platform. It's essential for traders to be aware of this limitation and take proactive steps to acquire the necessary knowledge and skills for successful trading.

Educational Resources

Conclusion

In conclusion, VIPOTOR offers traders a diverse range of market instruments, featuring forex exchange, forex exchange options, and CFDs. With the support of the popular MetaTrader 4 (MT4) trading platform and various deposit methods, it caters to traders' diverse needs. Competitive spreads and leverage of up to 1:100 enhance trading opportunities.

However, it's crucial to consider the platform's unauthorized status by the National Futures Association (NFA) in the United States, which raises transparency and oversight concerns. Furthermore, the limited educational resources may require traders to seek additional learning sources. As with any trading platform, thorough research and caution are essential when considering VIPOTOR.

FAQs

Q: Is VIPOTOR a regulated forex broker?

A: No, VIPOTOR is unauthorized by the regulatory authority, the National Futures Association (NFA), in the United States.

Q: What trading platforms are available on VIPOTOR?

A: VIPOTOR offers the MetaTrader 4 (MT4) trading platform for PC, IOS, and Android, along with an online trading portal.

Q: What is the minimum deposit required to open a VIPOTOR account?

A: The minimum deposit varies depending on the account type, starting from $100 for the Standard account, $500 for Premium, and $5,000 for Prime.

Q: Does VIPOTOR charge commissions on trades?

A: No, VIPOTOR does not charge commissions on trades. It primarily earns revenue through spreads.

Q: Are there educational resources available on VIPOTOR?

A: VIPOTOR's educational resources are limited, consisting mainly of basic FAQs. Traders seeking in-depth education may need to explore external sources.

News

WikiFX Scam Alert! Be Wary of FX Brokers With Expired Regulation, Such as VIPOTOR

ExposureWikiFX Scam Alert! Be Wary of FX Brokers With Expired Regulation, Such as VIPOTOR

2023-02-06 09:46

A review of an FX broker who claims to be regulated warns people to be cautious in order to avoid such illegal occurrences.

WikiFX
2023-02-06 09:46
Exposure
WikiFX Scam Alert! Be Wary of FX Brokers With Expired Regulation, Such as VIPOTOR

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