As we all know, the world of Forex trading and the market of binary options are packed with all kinds of trading providers, and these brokers offer different quality of services. Also, some of them are more professional and reliable than others while some of those organizations are entirely malicious in their intentions. That is why we like to perform an extensive research when preparing our in-depth reviews, and by reading our Vix500 review, you will be presented with the most relevant features and characteristics of this broker.
Vix500 broker – about the company
Recognizing a fraud in the Forex trading world can be difficult and challenging, but from the moment we opened their website – we were almost confident that Vix500 scam is present with this broker. First of all, their website does not provide a lot of information at all, and this is one of the first signs of suspicious activity. What we managed to discover is that the site is owned by “Blue Seal Limited,” a company registered in the small island state of Vanuatu. For those of you who are not familiar with Vanuatu, this country in the Pacific is among those locations which are used to start off-shore businesses, and this is an even bigger warning sign than the lack of transparency on the website.
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Vix500 – an unregulated broker
Since their website does not provide enough information, we had to go through various other Vix500 reviews to gather more facts about this enterprise. However, we did not find any evidence of Vix500 being licensed or regulated by any regulatory body, and this is a major reason for concern. We do not recommend investing money with unregulated brokers since this can cause a lot of problems and frustrations in the long run.
Types of accounts with Vix500 review
Even though Vix500 broker does not have a valid license, some people will insist on trading with this organization. Perhaps they just love the thrill of it, but the vast majority of people are not willing to take such risks with their hard-earned money. But, for those who are – Vix500 prepared four types of accounts, and all of them come with a dedicated account manager. The names of those accounts are Standard. Silver, Gold, and VIP and the minimum amount you need to deposit to open up the Standard account is $200. The other ones will require a bit more money, which means that Silver account starts at $999, and VIP at $9999+. Also, Vix500 will provide all traders with a demo account and $10.000 “play money,” which you can use to explore the trading platform and learn more about the trading process.
Vix500 trading software review
Even though the entire concept of this broker seems shady, the platform that they are using is a reliable and verified piece of software. The trading terminal with Vix500 Forex broker is called MetaTrader4, and this platform offers more than 180 different assets for trading. Stocks, commodities, indices and currency pairs are all there, but this software solution also includes helpful elements such as economic calendar, glossary, and market news. Besides the traditional web-based version, this platform is available on Android and iOS devices as well.
Bonuses and promotions
Our Vix500 opinion is not positive and sympathetic, but we feel that we have to be honest here for the sake of our readers. For instance, unrealistic promises and false advertising are a common occurrence when it comes to scam activities in the global business world, and that is why we examined bonuses and trading incentives that are offered by Vix500. This broker offers flexible welcome bonuses, which range from 40% up to 100%.
Banking methods
The quality of the banking methods is an essential element in creating Vix500 opinions, and clients always want to feel safe and protected when it comes to their personal information and precious funds. Vix500 offers several options when it comes to deposits and withdrawals, and you can use e-wallet services or credit cards to transfer the funds to and from your bank account. Additionally, this broker offers the possibility of using wire transfers and the Western Union as banking methods.
Vix500 review: the final word
Vix500 is a broker that lacks any license or regulation, and this is a major issue when it comes to safety and security. That is why our Vix500 FX broker review will not encourage traders to invest with this trading provider, and on the contrary, we want to warn all prospective investors about the potential dangers that could await them once they sign with this unregulated broker.
