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/10

Vaanex

United Kingdom|2-5 years|
Suspicious Regulatory License|MT4/5 White Label|Regional Brokers|High potential risk|

https://www.vaanex.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

1
Server Name
VaanexGroup-Real MT5
Server Location United Kingdom

Contact

+ 44 20 38079058
support@vaanex.com
https://www.vaanex.com/
27 .Old Gloucester Street, London

Licenses

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

Single Core

1G

40G

Open Now

Contact number

English

+ 44 20 38079058

Broker Information

More

Company Name

Vaanex Group Company Limited

Company Abbreviation

Vaanex

Platform registered country and region

United Kingdom

Company website
Twitter
YouTube
Linkedin

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Warning: Low score, please stay away! 3
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The VanuatuVFSC regulation (license number: 41695) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

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Vaanex · Company Summary

General Information

Vaanex Group Company Limited (Vaanex) is a UK based online broker founded in 2010. The company mainly provides investors with financial instruments including stocks, commodities, and indices.

Regulatory Risk

It is important to note that although Vaanex claims to be an authorized and regulated broker by the Vanuatu Financial Services Commission (VFSC), it actually currently holds a license that is labeled as a cloned risk entity.

Accounts

Vaanex has three account types for investors to choose from, namely the PRO account (the minimum deposit of $1,000), the VIP account (the minimum deposit of $10,000) and the Diamond account (the minimum deposit of $20,000)

Leverage

The various account types are designed to meet different trading needs. Leverage of up to 1:500 is available for PRO and VIP accounts, while Diamond accounts are slightly lower at 1:100.

Commission

Vaanex charges different fees to different clients. Diamond accounts require a commission of $7 per lot, but the broker does not charge a commission for PRO and VIP accounts.

Trading Platform

Vaanex offers its clients access to the world financial markets through the MetaTrader 5 (MT5) platform, which is used by millions of traders around the world and supports both PC and mobile use.

Payment Methods

Vaanex does not disclose much information about deposits/withdrawals, but we can see from the unobtrusive part of its website that payment methods include PayPal, Neteller, Skrill and FasaPay.

Customer Support

Customers can contact Vaanex's team for inquiries via phone, live chat and email. Meanwhile, the official website of the trader shows support for 13 national languages.

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FX1371683220
more than one year
The spreads charged by Vaanex are high. Of course, it also offers accounts with zero spreads, but I need $50,000 to open an account...it's hard to have both tight spreads and a low minimum deposit. Can anyone recommend me a good forex company? The safety of my money is definitely my top priority.
2023-03-15 10:14
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