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Score

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/10

VEXXSEL

Singapore|2-5 years|
Suspicious Scope of Business|High potential risk|

https://vexxsel.online/

Website

Rating Index

Contact

+44 7458038366
support@vexxsel.online
https://vexxsel.online/
150 South Bridge Rd, #06-04A Fook Hai Building, Singapore 058727

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

Open Now

Contact number

English

+44 7458038366

Broker Information

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Company Name

Rever LTD

Company Abbreviation

VEXXSEL

Platform registered country and region

Singapore

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-05-21
  • 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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VEXXSEL · Company Summary

Basic Information
Registered Countries Singapore
Regulation No License
Company Name Rever LTD
Minimum Deposit €250
Maximum Leverage 1:200
Minimum Spread From 0.0 pips
Trading Platform MT5 trading platform
Trading Assets Currencies, Commodities, Indices, Energies, World Shares
Payment Methods VISA, MasterCard, Local Exchanger, and more
Customer Support Email Phone, Online Chat Support

General Information

VEXXSEL presents itself as an online broker providing access to a massive financial market. With the VEXXSEL platform, six types of trading accounts are available, with the lowest required opening deposit being €250, and traders can employ a maximum leverage of 1:200 on gold and silver trading.

VEXXSEL is a trading name owned and operated by Rever LTD, a company under no regulation. Here WikiFX has given this broker a super low score of 1.03/10. Please be aware of the risk.

wikifx

Account Types

Six types of trading accounts are the available options for traders: Students, Standard, Islamic, Investor, VIP and VIP Platinum accounts. The minimum deposit to open a most basic account, the Student account, is from €250 and its most expensive trading account, the VIP Platinum account asks for a minimum deposit of € 1 000,000.

account-types

Welcome Bonus

VEXXSEL provides welcome bonus and each client of the VEXXSEL company has the right to get the bonus. The maximum sum of Bonus that can be put on the client‘ s trading account is 50% from the initial deposited sum. The Bonus can be credited to the client’s trading account no later than one week after the initial deposit. The bonus can only be credited to the clients trading account if there are available deposited funds to the trading accounts at the moment the manager considers the bonus application.

Spreads & Commissions

Trading accounts set the commissions and spreads. Here is the fee structure: account with the least balance offering wide spreads, account with large balance proving relatively narrow spreads. For example, the student account offers spreads from 3 pips, the Standard account from 2 pips, the Investor and VEXXSEL VIP account from 1.7 pips, VEXXSEL VIP Platinum account from 1 pip.

Leverage

Trading leverage varies depending on particular instrument, with leverage up to 1:50 for Energy products and Indices, 1:200 for Gold and Silver, 1:50 for other commodities, 1:200 for currencies, 1:20 for world shares.

Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size (no more than a 1:10).

Trading Platform

The MT5 trading platform, widely regarded as the best in the business, is available through AXOFA, which can be accessed on Windows, MacOS, IOS, Android.

Payment Methods

Only VISA and MasterCard are supported by VEXXSEL, and the minimum deposit to trade with this broker is 250 euros. However, VEXXSEL is vague about the time required to process withdrawals and the associated fees.

VEXXSEL does not charge any fees for withdrawing funds from the clients trading accounts (except for the payment made by bank transfer). The minimum amount of withdrawal is not fixed. There is an exception when you withdraw funds through bank transfer.

Please be aware that if the withdrawal funds exceed $1,000, the company has the right to ask the client to provide additional identification documents.

Customer Support

VEXXSELE can be only reached through an email: support@vexxsel.online. Other contact channels, such as Phone Support, Online Chat, as well as social media platforms are not available.

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.

Pros & Cons

Pros Cons
Multiple account options available No regulation
High leverage High minimum deposit
Educational contents available Wide spreads
Welcome bonus provided

Frequently Asked Questions

Is VEXXSEL regulated?

Yes, VEXXSEL is regulated.

What is the maximum leverage that can be used?

Leverage up to 1:50 for Energy products and Indices, 1:200 for Gold and Silver, 1:50 for other commodities, 1:200 for currencies, 1:20 for world shares.

What is the minimum deposit required to trade with VEXXSEL?

The minimum deposit required to trade with VEXXSEL is €250.

User Reviews

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FX1256783376
more than one year
VEXXSEL is a big scam. These guys will tell you to open an account with a minimum amount of €250. Then later ask you to invest a ridiculous amount. If you tell them that you're comfortable starting with the €250, they will start yelling at you and will never give you back your money.
2023-02-27 15:31
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大卫 _网商
more than one year
SageFx is Trash! If you're a serious Forex trader then don't bother with this broker. You have to deposit at least 250 euros to get started and the spread is very wide! Overall, the trading cost is too high and you can’t gain any profits here.
2022-12-16 15:16
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