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VEONCO -

Score

1.52 /10
Danger

VEONCO

United Kingdom

5-10 years

Suspicious Regulatory License

High potential risk

http://veonco.com

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Comparison

Quantity 27

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.11

Risk Management Index0.00

Software Index4.00

License Index0.00

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

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

Regulatory disclosure

Danger

MY SCM
2020-01-01
INVESTOR ALERT LIST
VEONCO

Broker Information

More

Company Name

Veonco Group Ltd

Company Abbreviation

VEONCO

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-29
  • 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 26 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Exposure

27 pieces of exposure in total
Pyramid scheme complaint
Expose
Others

He is the founder of VEONCO

He cheats me of over RM50,000. Now he disappeared.

2021-03-30 15:25
Unable to Withdraw

Fraud platform (100%)

I have applied for withdrawals for three months. Fraud platform is not recommeded unless you wanna be cheated

2020-11-22 05:50
Scam

He is the superior leader of VEONCO

Broker passes buck on the agent but it does not take responsibility when something happens. High-level deceive agents and customers to seek justice

2021-01-16 17:34
Scam

严重滑点承认滑点但不赔偿无良公司

根本就是诈骗集团 看到的记得别投资除非你钱多 TERMS AND CONDITIONS Use of the Website The user warrants and represents to the Company that he is legally entitled to make use of information made available via the website. The Company reserves the right at its sole discretion to change, modify, add, or remove any portion of this Website or these Terms of use at any time and for any reason, without a notice to the user.

2020-11-25 13:32
Scam

The supreme leader of VEONCO should be responsible

Don't shrink your repsonsibility. And agents are cheated by VEONCO

2021-01-17 21:44
Others

VEONCO

Scam group cheated many of us money, don’t come out to mislead others without proper foreign exchange knowledge

2021-06-04 16:19
Unable to Withdraw

Unable to withdraw

The withdrawal hasn’t been to my bank account for over four months. At first, it’s said that the withdrawal can arrive in 3-5 working days. But it has been delayed again and again with no info. Can u help me handle it?

2021-01-06 09:48
Unable to Withdraw

The leader of VEONCO should deal with your problems

The agent and the client made the initial deposit because they believe you. If you don’t have the correct knowledge, please don’t teach the wrong knowledge to others. They said it doesn’t matter how slow you withdraw the money, you will receive the money in the end. But it’s been half a year. You should face your mistakes and compensate us instead of hiding. We only hope to get compensation. This is our last thing to tell you. Please come out and face it.

2021-02-03 14:20
Scam

VEONCO

Fraud I haven't received the money for 4 months Website is closed now

2021-01-19 15:13
Unable to Withdraw

Unable to withdraw

It has bee ntwo months since I withdrew on 2/10/2020. And I haven't received the withdrawal yet. Please be quick!!!

2020-11-27 19:05
Scam

Meet a fraud agent

I traded with an agent frm a Malaysia company. Can't withdraw funds in this platform at all.[d83d][de21] They claimed it's a formal platform. This is a phone number of a leader in this company. It's useless if you find other agents cuz agents are cheated by their leaders

2021-01-14 04:31
Scam

This broker is a scam and they already closed their website!

Edit in backdoor mt4 Later. who deposit to join under Veonco ib, it will trade and burn your account. Then it will edit new account customer name to show you profit to trap you join repeat and repeat Editing in backdoor mt4. Inbox if u not convenience to post. Let page help u post all your losing money caused by Veonco ib. U can see no one yet deposit, so never trade to edit. Once u deposit veonco ib will start trade till lose all your capital. Now they already closed their website! Beware of their IB!

2021-12-30 11:46
Scam

Scam

The guy who recommended Veonco to me disappeared after things happened. And the withdrawals are unavailable

2021-01-26 13:38
Scam

Fraud platform. Do not use it

Don't refund when there is a slippage with excuses. This fraud platform hasn't been regulated. You'll regret after you use it.

2020-11-21 07:04
Unable to Withdraw

Group

Every time I was asked to believe him and 10%-20% of the money would be received every month. As a result, I lost more and lost less. I haven't been able to get my money back. I keep saying that I ran away and called the police. If you lied to me, you can still drive a luxury car to buy a new home I lose, and I can’t withdraw money afterwards

2021-05-22 18:31
Unable to Withdraw

Unable to withdraw

I applied for a withdrawal on November 24, and I still cann't withdraw on December 21. Is this a fraud platform? It is said that the withdrawal only takes 3-5 working days. How come it has been close to 1 month that there is no withdrawal? Please process my withdrawal as soon as possible, thank you! ! ! Every time I ask the customer service, he always responds to me in the same way. I kind of suspect that this is a fraud platform and a Ponzi scheme. As long as there is no withdrawal for one day, this platform is a fraud platform. Please choose the platform carefully.

2020-12-21 16:59
    VEONCO · Company summary

    Basic Information & Regulation

    Veonco is an online Forex and CFD broker and is not currently subject to any effective regulation.

    Safety Analysis of Veonco

    The prerequisite of measuring the safety of a broker is to see if it is formally regulated.

    Veonco is currently an unregulated broker, which means that clients' funds and trading activities on the Veonco platform are completely unprotected compared to those regulated by the FCA in the UK, CySEC in Cyprus, and ASIC in Australia.

    Market Instruments

    Veonco provides investors with access to popular financial instruments, mainly Forex currency pairs, indices, stocks, and CFDs on commodities.

    Accounts & Leverage of Veonco

    Veonco offers investors four different trading accounts: Classic (minimum deposit of $100), Standard (minimum deposit of $3,000), Premium (minimum deposit of $10,000), and Custom (minimum deposit of $100,000). The maximum leverage for Classic accounts is 1:200.

    Spreads & Commissions

    Spreads on Classic accounts start at 3 pips, which is much higher than the industry standard, while spreads and commissions on other accounts are not known at this time.

    Trading Platform Available of Veonco

    Veonco offers traders the most popular trading platform available, MT5, which is not as popular as MT4 but has more technical indicators and timeframes, as well as a range of powerful charting tools and Expert Advisors for automated trading.

    Deposit and Withdrawal

    Veonco supports traders to deposit and withdraw funds to and from their investment accounts via VISA, MasterCard, DISCOVER, PayPal.

    Pros & Cons of Veonco

    The main advantages of Veonco are:

    1. Wide variety of trading assets

    2. Four types of trading accounts to choose from

    The main disadvantages of Veonco are:

    1. No regulation

    2. High spreads & other trading conditions not provided

    3. Fewer ways to deposit and withdraw funds

    4. Leverage information not provided for Standard, Premium, and Tailored accounts


    News

    NewsIs veonco.com scam or good forex broker?

    Veonco is a forex and CFD broker who doesn’t disclose much details about the entity behind the operation. This, of course is a major issue, as well as the fact that this brokerage doesn’t hold a lgit forex license. So, if you are tempted by the seemingly attractive offer of Veonco, be sure to read the following lines first.

    WikiFX
    2021-12-16 23:12
    Is veonco.com scam or good forex broker?
    About More

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    User comment

    2

    Comments

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    チャンミン
    more than one year
    After I was defrauded of money by the scammer VEONCO, someone found me and said that he was also a victim and invited me to join the rights protection WhatsApp group chat. Unexpectedly, I was cheated out of money again in this so-called victim alliance group... I have lost my trust in human beings now.
    After I was defrauded of money by the scammer VEONCO, someone found me and said that he was also a victim and invited me to join the rights protection WhatsApp group chat. Unexpectedly, I was cheated out of money again in this so-called victim alliance group... I have lost my trust in human beings now.
    Translate to English
    2023-03-16 17:32
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    FX1313551230
    more than one year
    VEONCO, the vile liar, has absconded with money after defrauding me and many other victims and is now selling his domain name. I really hope these scammers are brought to justice soon.
    VEONCO, the vile liar, has absconded with money after defrauding me and many other victims and is now selling his domain name. I really hope these scammers are brought to justice soon.
    Translate to English
    2023-03-07 18:32
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