Do you want to trade on VTindex? Here is what you must know about this broker. See reviews to find all about it.
This post promises to share helpful review to support users/traders in making the right decision.
What is VTindex about?
VTindex is an offshore brokerage company with a lot of promises for traders. The broker shows its contact address in two different locations– St.Vincent and the Grenadines and UAE. More so, it promises account types like Starter, Business and Professional.
What is more, the broker offers different instruments like forex, stocks, commodities, crypto, bonds and indices. Also, it presents a zero spread difference in Buy/Sell.
To clarify, traders must know they are dealing with an unknown broker which does not have a regulation over its head.
Withdrawal and Deposit
Withdrawal process:
Under withdrawal policy, VTindex claims no charge on deposit fee as well as 10 minutes withdrawal request.
VTindex Minimum Deposit:
VTindex minimum deposit is indicated $500.
As for the payment methods, the broker claims 10 different payment options. Truly, you should not consider making any payment with this broker because it is a risk. So beware!
VTindex Platform:
VTindex claims to offer MT4 (Industry standard trading platforms). Regrettably, it does not provide links to download the software and does not provide login credentials to its own trading server.
As for the leverage, it can get up to 1:300. Truly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Won’t you rather trade with a licensed and legit broker? Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website
Why VTindex.com Is A Suspicious Broker
First of, VTindex com has no financial authority overseeing its financial services. Its regulation claims are not legit as none of these countries’ financial authorities FCA (UK), KNF (Poland), and CMB (Turkey) recognize VTindex.
More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are drawbacks for forex traders to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
VTindex Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Conclusion:
Here, VTindex’s claims to be a trustworthy trading broker is not legit. From indications, we would advise traders to steer clear from this broker as it likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
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