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

Vextrader

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

https://vextrader.com/

Website

Rating Index

Contact

+1 64749 87871
support@vextrader.com
https://vextrader.com/
https://www.facebook.com/Vextrader/
The WikiFX Score of this broker is reduced because of too many complaints!

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

Disclosure

Danger

MY SCM
2021-01-01

Contact number

English

+1 64749 87871

Broker Information

More

Company Name

Vextrader Group Limited

Company Abbreviation

Vextrader

Platform registered country and region

Germany

Company website
Facebook
Instagram
YouTube

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 3
Previous Detection : 2024-04-24
  • 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 10 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

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Pyramid scheme complaint
Expose
Unable to Withdraw

Fraud

In the past two days, I have been tempted to deposit. The principal cannot be withdrawn, and the principal is 20,000 to 30,000. It is a sign of absconding

2022-09-28 12:47
Unable to Withdraw

A message from an investor.

I'm an investor based in Malaysia. Invested over a year ago. Introducer in Malaysia, C, who has invested a high sum of money herself while parading herself as a broker when approaching me, cannot do anything now that Vex has been revealed as a fraudulent broker. Introducer was approached by JFX, a group of people involved in forex trading, JFX leader is based in Vietnam although there are members in other countries. Vextrader offered an update around Aug-Sept 2022 they were facing liquidity issues. Their so called liquidity provider, libertymarkets.com, is just a fake front. The website has closed down and the advertised personnel on the website, Talha Dean & Reem Simon, are either non existent or fake names (e.g. I have checked with Mercury Capital Advisors, which is a company this Reem Simon person claims to have worked with, and they have confirmed Reem Simon did not work with them). Alleged partnerships on libertymarkets website nonexistent (I checked with etoro). Alleged licenses not available in Canada MSB database any longer. Vextrader sister sites, vexventures.com, vextrader.net have been closed down. Chat/Emails abandoned. Person or people behind vex trader have tried to divert accountability/attention to fake personalities they advertised on vexventures.com before closing the website down. To Vextrader reading this, if you are not a scam, please prove it by returning our funds. Your silence is complicity.

2023-06-28 19:36

    Vextrader · Company Summary

    Official Website Unavailable

    We could not get relevant information due to failing to visit the official website, besides, the information is not available on other websites as well, thus, clients only take a poorly-conceived browse.

    In addition, if clients would like to know something detailed, please try to visit the official website, although it is likely that it does not work. Furthermore, the official website is as follows: https://vextrader.com/

    General Information& Regulation

    Vextrader, owned by Vextrader Group Limited, is an emerging online Forex broker that services plenty of clients over all the world, successfully cooperated with talented and experienced groups from all over the world, Vextrader is committed to providing clients with decent trading conditions, a perfect trading system, and advanced trading tools in the financial industry. Moreover, the broker was registered in Germany and has not provided any office location info as well as the regulation details.

    Market Instruments

    Clients could gain a wide range of underlying assets for CFD trading including Currency Pairs, CFDs On Commodities, Indices, Metals, Shares, Cryptocurrency as well as Stocks.

    Accounts & Leverage

    After struggling our way to search the info about accounts and leverage on the other websites, only to get nothing information about accounts and leverage.

    Trading Platform

    What is worth mentioning, Vextrader is non MT4/MT5 provider, the information and details we gathered are that this broker provides traders or investors with the web-based trading platform, which is not as reliable as MT4/MT5, instead clients could apply this trading platform with multiple time frames, charts, and some of the most popular drawing tools and price indicators.

    Deposit & Withdrawal

    The same goes for accounts, Vextrader has not elaborated on the payment methods they accept.

    Customer Support

    The support team is always at your assistance with the best possible solutions to the queries. If so desired, please call at +16474987871 or e-mail at support@vextrader.com within a reasonable time.

    Risk Warning

    Trading in leveraged financial instruments carries a high level of risk, including the risk of losing your entire invested capital, and may not be suitable for all investors. The high leverage and volatility of such instruments can work against you as well as for you. Before you decide to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. Wherever in doubt, you should consult and receive advice from independent experts, including legal, tax.

    News

    WIKIFX REPORT: Vextrader Group Partners with Liberty Markets on Liquidity Integration

    NewsWIKIFX REPORT: Vextrader Group Partners with Liberty Markets on Liquidity Integration

    2022-06-23 10:48

    The all-in-one financial platform for traders in the stock, cryptocurrency, futures, and FX markets, Liberty Markets, has introduced an API-powered interface with Vextrader, a worldwide registered broker supplier of foreign exchange, CFD trading, cryptocurrencies, and associated services.

    WikiFX
    2022-06-23 10:48
    News
    WIKIFX REPORT: Vextrader Group Partners with Liberty Markets on Liquidity Integration
    WIKIFX REPORT: Vextrader Announces Growing Quarterly Profits Amidst World Ucncertainty

    NewsWIKIFX REPORT: Vextrader Announces Growing Quarterly Profits Amidst World Ucncertainty

    2022-06-22 15:20

    Despite the turmoil in the geopolitical and financial worlds, Vextrader, an international licensed brokerage service, reports increasing trading profits from January to March 2022 as compared to 2021.

    WikiFX
    2022-06-22 15:20
    News
    WIKIFX REPORT: Vextrader Announces Growing Quarterly Profits Amidst World Ucncertainty

    User Reviews

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    User comment

    5

    Comments

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    搭UFO去旅行
    more than one year
    Wow, so many negative reviews, this broker hypes that it will be the best broker I meet. This is ridiculous, isn’t it? I am going to report this broker to some oversight authorities. I hope you guys don’t be defrauded by it, either.
    2023-02-16 09:36
    Reply
    0
    0
    FX1181805683
    more than one year
    While my withdrawals are having issues I’ve withdrawn smaller amounts on other accounts and for them fine. So don’t trust this broker with big amounts of money.
    2022-12-19 18:04
    Reply
    0
    1
    mangoccc
    more than one year
    Disgusting. Haven't been able to withdraw money for months.
    2022-12-19 11:37
    Reply
    0
    0
    FX1146762524
    more than one year
    This so-called foreign exchange broker, Vextrader, does not have any regulatory license. What is even more frightening is that I saw on wikifx that someone has complained that he was cheated...Can wikifx help the victims? It's really hard to be lied to...
    2022-12-14 09:57
    Reply
    0
    1
    妈咪妈咪哄
    more than one year
    Fraud platform, hurry up and report to the police
    2022-10-20 08:28
    Reply
    0
    0
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    ※ The content of this website abides with local laws and regulations.
    You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
    consumer hotline:006531290538
    Official Email:support@wikifx.com;
    Mobile Phone Number:234 706 777 7762;61 449895363
    Telegram:+60 103342306
    Whatsapp:+852-6613 1970;
    License or other information error corrections, please send the information to:qawikifx@gmail.com
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