VTindex Review: Avoid VTindex.Com at Any Cost

VTindex Review, Is this a legit broker or another trading scam? Perhaps, the answer is a bit evident. This VTindex review will explain why depositing with a broker like this is particularly alarming. 

This is not a business you should invest your trust or money in. This is an offshore broker who hides behind many lies. Let’s dive deeper into the main topic! 

VTindex Financial Regulation and Safety

VTindex broker scam apparently has headquarters in the United Kingdom, UAE, Malaysia, St.Vincent & the Grenadines, and Hong Kong. 

However, they have only delivered real contact details for their St.Vincent and the Grenadines unit. This country is a favored place for scammers. 

The local financial regulator does not watch the activities of forex brokers and does not set any laws and conditions. All a broker scam has to do to start delivering services is set up a business. This is, by all means, effortless to do. 

The broker argued to be regulated by rigid authorities such as the FCA, KNF, and CMB. But, this turned out to be a big lie.

Overview of VTindex Trading Platform

VTindex pledged access to MT4 – one of the best software in the trading enterprise. 

Nonetheless, downloading the medium from the broker’s web page or even getting data about it turned out to be mission impossible. Notably, the whole page that should lead to MT4 refused to load. 

Also, many people had trouble opening an account with VTindex. The client area was entirely inaccessible. The only thing you will see is an error message. Correspondingly, we cannot know for sure if this firm offers MT4 – or any other usable trading medium.

It’s advisable to use regulated brokers who deliver MetaTrader4. There is a terrific explanation for why this has been one of the most prevalent media in the world of trading. This is a powerful platform that is fairly modern and newbie-friendly. Moreover, it offers a mixture of practical trading tools. 

Customers would be able to get access to avant-garde features and a lot of technical indicators, order execution types, and much more. The same goes for MT5.

Payment and Funding Method

The deposit guideline of this broker scam is not apparent at all. First, it speaks of having 10 deposit methods available. Next, it only defines one of them – WebMoney transfers. 

If you have managed to register with VTindex, and make a deposit, seek a chargeback. The timeframe, as well as the capacity to do so, will rely on the method utilized. Talk with your payment provider!

In addition to all of this, there’s a ridiculous minimum deposit amount that is $500.

Note: There are some firms that market systems—signal sellers or trading bots—and often sell unsafe things that do not yield any results. These scammy web pages often prey on new traders on many venues or forums. Be aware of this!

How Does Fraud Work?

Fake forex brokers have many shady patterns. You will see considerable withdrawal issues and negative reviews. Similarly, you will come across excessively high fees. Beware that these tremendous fees frequently go beyond 20%.

Correspondingly, they will integrate some sort of a profit fee. Fraudulent websites will want to rip off you of these fees before initiating a withdrawal. Understand that this is essentially always the case!

Besides, there are always gains that they swear by. This is another familiar fraud scheme that you should keep in mind. These fraudsters will promise you guaranteed profits. Trading with leveraged instruments carries risks. Never overlook this!

Any broker fraud will keep telling you that the profits are guaranteed.

Trade with honest and regulated brokers only. Licensed brokers come from the EU, the United States, the UK, as well as Australia. These need to publish a notice about the percentage of customers who suffer losses on their media.

Tip: It’s wise to leave negative VTindex reviews on forums. This stops the spread of brokers involved in scammy trading activities. Likewise, seeing complaints about the broker helps narrow the list of cyber fraud targets.

Final Words

Writing this VTindex review was quite interesting. We wanted to save future traders from losing their hard-earned funds. Apart from having a fake address, this broker has a bizarre minimum deposit requirement. 

It’s best to always carefully examine all the corporations before you perform any transaction. We truly hope that this VTindex review has been worthwhile after all.

FAQs About VTindex Broker