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

V5 Forex Global

United States|Scam Brokers|
1-2 years|Suspicious Regulatory License|Self-developed|Suspicious Scope of Business|Suspicious Overrun|High potential risk|

https://v5forexfxs.com/

Website

Rating Index

Contact

+44 7494 183618
info@v5forex.com
https://v5forexfxs.com/
1312 17th St, Denver, CO 80202, United States
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

+44 7494 183618

Broker Information

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Company Name

V5 Forex Global

Company Abbreviation

V5 Forex Global

Platform registered country and region

United States

Company website

Pyramid scheme complaint

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This platform is a Ponzi Scheme. Please stay away! 5
Previous Detection : 2024-02-24
  • This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
  • The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.

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    V5 Forex Global · Company Summary

    V5 Forex Global Review Summary in 10 Points
    Founded 2022
    Headquarters United States
    Market Instruments Forex, metals, cryptocurrencies, stock indexes, crude oil
    Demo Account Available
    Leverage 300:1
    EUR/USD Spread From 0.0 pips
    Trading Platforms tradingweb for PC, tradingweb for Mobile
    Minimum deposit $50
    Customer Support 24/5 live chat, phone, email

    What is V5 Forex Global?

    V5 Forex Global is a newly-established forex and CFD brokerage company that offers online trading services to global institutional and retail customers. It offers STP/ECN execution with no traders intervening. The company provides access to a range of financial markets, including forex, metals, indices, cryptocurrencies, and shares, through its propriety trading platforms. The broker offers competitive trading conditions, such as low spreads, fast execution, and advanced trading tools, to help traders achieve their investment goals.

    V5 Forex Global's website

    Pros & Cons

    V5 Forex Global offers competitive trading conditions and a range of trading platforms to choose from. However, it has some downsides, such as lack of legitimate financial regulation. Therefore, potential traders should exercise caution and conduct thorough research before deciding to trade with V5 Forex Global.

    Pros Cons
    • Provides a variety of trading instruments • Lack of regulation and oversight from reputable financial authorities
    • Offers leverage of up to 1:300 • Limited educational resources and tools
    • Low minimum deposit requirement • Limited payment options for deposits and withdrawals
    • Limited information available on the company's background and history
    • Limited availability of trading platforms

    V5 Forex Global Alternative Brokers

    There are many alternative brokers to V5 Forex Global depending on the specific needs and preferences of the trader. Some popular options include:

    • IC Markets: a well-regulated broker with competitive trading conditions and a wide range of trading instruments.

    • Forex.com: a reputable broker with a long history of operation, providing traders with a user-friendly trading platform and a comprehensive educational center.

    • XM: a reliable broker that offers a variety of trading instruments, multiple account types, and low trading fees, making it an attractive option for both beginner and experienced traders.

    Is V5 Forex Global Safe or Scam?

    V5 Forex Global says that customer funds are completely separated from the group's own operating funds. It is standard practice in the forex industry, and V5 Forex Global's commitment to this is a positive sign for the safety of its clients' funds.

    However, V5 Forex Global being unregulated is a cause for concern as it means that there is no government oversight and accountability. There is a risk that the broker could engage in fraudulent activities or mismanage client funds. Therefore, investing with an unregulated broker like V5 Forex Global is considered risky and it is recommended to exercise caution and do thorough research before investing.

    Market Instruments

    With V5 Forex Global, clients are given access to a wide selection of trading assets, including forex, Metals, Cryptocurrencies, Stock indexes, and Crude Oil, all available through this brokerage platform.

    • Forex-Over 62 currency pairs to trade;

    • Metals-Gold and silver against the dollar;

    • Cryptocurrencies- Mainstream cryptocurrency BTC, ETC, BCH, ETC, DASH, ETC;

    • Stock Index and crude oil-Major international stock indexes and crude oil.

    asset classes

    Accounts

    It seems that V5 Forex Global offers two types of trading accounts, a real account with a minimum deposit requirement of $50 and a demo account with a virtual money of $100,000 in it.

    Leverage

    The company of the default lever for 1:100, traders also can apply for to use higher leverage, to meet their trading style. The maximum leverage advertised on their home page is up to 1:300. 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).

    Spreads & Commissions

    V5 Forex Global says it provides spreads as low as 0.0 pips, which is not always true. Investors are strongly recommended to open a demo account first to test its trading environment and then to decide whether to switch to a real one or not.

    Additionally, it does not provide detailed information on their website about their fees and commissions. It is important for traders to carefully review and understand all fees associated with trading before opening an account with any broker. We recommend reaching out to V5 Forex Global's customer support for more information on their fees and commissions.

    Spreads

    Below is a comparison table about spreads and commissions charged by different brokers:

    Broker EUR/USD Spread Commission
    V5 Forex Global 0.0 pips N/A
    IC Markets 0.1 pips $7 per standard lot (round trip)
    Forex.com 1.2 pips No
    XM 1.6 pips No

    Please note that these figures are subject to change and may vary based on account type, market conditions, and other factors. It's always a good idea to check with the broker directly for the most up-to-date information.

    Trading Platforms

    V5 Forex Global provides its clients with two main trading platforms - TradingWeb for PC and TradingWeb for Mobile. TradingWeb for PC is a browser-based trading platform that does not require any software installation and can be accessed from any device with an internet connection. It offers advanced charting tools, multiple timeframes, and a wide range of technical indicators, allowing traders to analyze the market and execute trades efficiently.

    TradingWeb for PC

    On the other hand, TradingWeb for Mobile is a mobile application that is compatible with both Android and iOS devices. It offers real-time quotes, charts, and news, allowing traders to keep track of their trades and monitor the markets on the go. Both platforms are user-friendly and offer a range of features that cater to the needs of traders of all levels.

    TradingWeb for Mobile

    See the trading platform comparison table below:

    Broker Trading Platforms
    V5 Forex Global Tradingweb for PC, Tradingweb for Mobile
    IC Markets MetaTrader4, MetaTrader5, cTrader, WebTrader
    Forex.com Web Trading Platform, MetaTrader4, NinjaTrader, FOREXTrader for Mobile, MetaTrader5, FOREXTrader PRO
    XM MetaTrader4, MetaTrader5, XM WebTrader

    Trading Tools

    V5 Forex Global provides its clients with several trading tools that can be beneficial to traders of all experience levels. One of the most notable tools is the market news feature, which is updated in real-time and provides the latest news and analysis from the financial markets. The market calendar is also a useful tool, as it helps traders keep track of important economic events and announcements that may impact their trading decisions.

    Additionally, V5 Forex Global offers various technical analysis tools, including charts, indicators, and market sentiment data, to help traders make informed decisions. With these trading tools at their disposal, traders can stay up-to-date on the latest market developments and make more informed trading decisions.

    Deposits & Withdrawals

    The minimum deposit is $50, and the minimum withdrawal is $10. V5 Forex Global allows its clients to make a deposit and withdrawal through credit cards and wire transfers, and this broker says it does not charge any fees for deposit or withdrawals.

    V5 Forex Global minimum deposit vs other brokers

    V5 Forex Global Most other
    Minimum Deposit $50 $100

    V5 Forex Global Money Withdrawal

    The withdrawal process of V5 Forex Global may vary depending on the specific account type and payment method chosen by the client. However, in general, clients can follow these steps to withdraw funds from their trading accounts:

    Step 1: Log in to the V5 Forex Global client portal using your account credentials.

    Step 2: Click on the “Withdrawal” button located in the client portal.

    Step 3: Choose the preferred withdrawal method from the list of available options.

    Step 4: Enter the desired withdrawal amount and follow the on-screen instructions to complete the transaction.

    Step 5: Wait for the funds to be processed and transferred to the designated account.

    It is important to note that V5 Forex Global may require additional verification documents to process the withdrawal request, such as a copy of the clients ID or a recent utility bill.

    Customer Service

    Overall, V5 Forex Global provides reasonable customer service options including 24/5 live chat, phone: +44 7494 183618 and email: info@v5forex.com. However, the lack of social media support may be a downside for some traders. Additionally, there is limited information available on the qualifications and experience of the support team.

    Pros Cons
    • Live chat support • No 24/7 customer support
    • Email support available with quick response time • No social media support
    • No dedicated FAQ section on the website
    • Limited information available on support team qualifications and experience

    Note: These pros and cons are subjective and may vary depending on the individual's experience with V5 Forex Global's customer service.

    Frequently Asked Questions (FAQs)

    Q 1: At V5 Forex Global, are there any regional restrictions for traders?
    A 1: Yes. V5 Forex Global can not provide services to residents of specific countries, such as the United States, Canada, Israel and the Islamic Republic of Iran.
    Q 2: Does V5 Forex Global offer the industry-standard MT4 & MT5?
    A 2: No. Instead, it offers tradingweb for PC and Mobile.
    Q3: What is the minimum deposit for V5 Forex Global?
    A 3: The minimum initial deposit to open an account is $50.

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    WikiFX Review: Something You May Want to Know About V5 Forex Global

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    2023-01-11 17:46

    Registered in the United States, V5 Forex Global is a forex broker providing access to a massive financial market. If you are interested in V5 Forex Global, this article may be helpful.

    WikiFX
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    User Reviews

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    User comment

    64

    Comments

    Write a review

    yy1940
    more than one year
    Why is this platform rated so low?
    2023-07-17 17:10
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    0
    0
    yy1940
    more than one year
    Why some platforms can post ratings and comments, while others can't?
    2023-07-17 17:08
    Reply
    0
    0
    SharlyHeat
    6-12months
    It is a bogus website. I speak from personal experience, having been tempted to invest by a supposedly attractive Filipina woman.After I invested, the gains seemed incredible, and I considered investing more, but I was mistaken. She stopped communicating with me, and my payments were not returned to me. They gain access to funds using a trusted defi wallet.With the assistance of r e c l a i m expert • n et , I was able to recoup my investment. Hopefully, no one loses money as I did.
    2023-07-12 11:25
    Reply
    0
    1
    Mickey7648
    6-12months
    V5 Forex Global is a renowned name in the forex trading industry, and after my recent experience with their platform, I can confidently say that they deserve all the accolades. With their comprehensive range of services, cutting-edge technology, and dedication to client satisfaction, V5 Forex Global has established itself as a top-tier forex trading platform. User-Friendly Interface: One of the standout features of V5 Forex Global is its user-friendly interface. Navigating through the platform was seamless, allowing me to quickly access the tools and information I needed to make informed trading decisions. The intuitive design, coupled with the sleek layout, made it easy to analyze market trends, execute trades, and manage my portfolio efficiently. Robust Trading Tools: V5 Forex Global provides an impressive array of trading tools that are invaluable for both novice and experienced traders. The platform offers real-time market data, customizable charts, technical indicators, and economic calendars, allowing users to conduct thorough market analysis. Additionally, their advanced order types and risk management features provided me with the necessary tools to execute trades effectively while minimizing potential losses. Diverse Range of Tradable Assets: V5 Forex Global offers an extensive range of tradable assets, including major and minor currency pairs, commodities, indices, and cryptocurrencies. This diversity allows traders to explore various markets and diversify their
    2023-07-11 14:53
    Reply
    0
    0
    furkan
    6-12months
    "Efficient and user-friendly platform for hassle-free trading. Highly recommended for both beginners and experienced investors."
    2023-07-04 20:15
    Reply
    0
    0
    nmtrade
    6-12months
    Impressive V5 Trade Platform!
    2023-06-30 16:32
    Reply
    0
    0
    Yogesh9711
    6-12months
    One of the best platform for trade and I am using it since 3 months and i have found nothing bad about this. Many fake competitors are there who are giving bad review but its not true. This is one of the best trading platform and trading broker.
    2023-06-28 22:44
    Reply
    0
    0
    Magliro
    6-12months
    has become a scam. It's been two weeks since I made a withdrawal request and still nothing in my account.
    2023-06-26 20:16
    Reply
    0
    1
    Kz7844
    6-12months
    They are scammers and deceive in full
    2023-06-22 16:02
    1
    0
    0
    mr_zeeshan
    6-12months
    Amazing.I like V5FOREXGLOBAL because they give me all withdrawals ❤️
    2023-06-18 17:00
    1
    0
    0
    Mitul khan
    6-12months
    v5 trusted site
    2023-06-15 00:54
    1
    0
    4
    Mitul khan
    6-12months
    very good site v5
    2023-06-15 00:53
    Reply
    0
    4
    Mitul khan
    6-12months
    v5 forex global is tha one of best site
    2023-06-15 00:52
    Reply
    0
    3
    Mitul khan
    6-12months
    v5 is best
    2023-06-15 00:50
    Reply
    0
    2
    Faysal9031
    6-12months
    V5 global This is the I have ever seen. Everyone is giving it a bad review because of some unscrupulous people. But it is also giving withdrawal till now. So it is a good broker. I love v5 forex.
    2023-06-15 00:01
    5
    0
    5
    Seek help via brookhillconsultingltd
    6-12months
    They are used to manipulating transactions and causing you to lose all of your investment in the hopes of getting you to commit more. Even after I paid the desired tax, I received nothing back from them.
    2023-06-13 20:48
    Reply
    0
    0
    Rumpletiltskin
    6-12months
    Scam! Manipulated Trading view. They pump the prices on the given signals but doesn't match on MT4/MT5
    2023-06-13 04:03
    Reply
    0
    1
    FX5986561152
    6-12months
    undoubtedly V5 Forex Global is among the best brokers in the world❤
    2023-06-11 17:06
    Reply
    0
    8
    somrat822
    6-12months
    Only fake competitors said bad,this is the best site
    2023-06-11 15:20
    Reply
    0
    7
    somrat822
    6-12months
    Best Broker Site,Trusted
    2023-06-11 15:18
    1
    0
    6
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