Score

1.38 /10
Danger

Vision Forex

Saint Vincent and the Grenadines

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index6.01

Risk Management Index0.00

Software Index4.00

License Index0.00

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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

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Broker Information

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Company Name

Vision Forex Global Incorporated

Company Abbreviation

Vision Forex

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-11-17
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Vision Forex · Company summary

Note: Vision Forexs official site - Visionforexglobal.com is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Vision Forex Review Summary
Registered Country/Region Saint Vincent and the Grenadines
Regulation Counterfeit Dealer
Market Instruments N/A
Demo Account Unavailable
Leverage N/A
EUR/ USD Spreads N/A
Trading Platforms Web-based platform
Minimum Deposit $300
Customer Support Phone, email

What is Vision Forex?

Vision Forex is currently facing concerns regarding its legitimacy. Furthermore, the inaccessibility of Vision Forex's official website raises doubts about the platform's reliability and raises the possibility of it absconding. Additionally, allegations of being a counterfeit dealer further contribute to the perceived risk associated with investing in Vision Forex. While their website showcases images of a seemingly functional web trading platform, the aforementioned factors warrant caution and thorough research before engaging with this platform.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros Cons
• Phone and email support available • Website is unavailable
• Counterfeit dealer
• No social media presence
• No demo accounts
• Not MT4 supported

Vision Forex Alternative Brokers

There are many alternative brokers to Vision Forex depending on the specific needs and preferences of the trader. Some popular options include:

  • Hirose Financial - A global financial institution offering online trading services in forex, binary options, and cryptocurrencies.

  • PRCBroker: Regulated by CySEC and VFSC, is an online brokerage that offers a wide range of trading instruments across various asset classes.

  • Trading 212 – A popular online brokerage platform that offers commission-free trading for a wide range of financial instruments, including stocks, ETFs, forex, and cryptocurrencies.

Is Vision Forex Safe or Scam?

Vision Forex currently has no valid regulation, which means that there is no government or financial authority oversighting their operations. Besides, the official website of Vision Forex is inaccessible, indicating that the trading platform may have absconded. These make investing with them risky.

no license

Whats more, Vision Forex is claimed as a counterfeit dealer. When a platform or trading firm is widely regarded as counterfeit or problematic, it serves as a crucial warning sign. Prior to engaging in any financial transactions or investments, it is essential to conduct thorough research and due diligence to ensure the selection of reputable and compliant institutions and platforms.

Accounts

Vision Forex offers a minimum deposit requirement of $300 for their traders. Please note that specific terms and conditions apply, and it is always advisable to carefully review the requirements and policies of any trading platform before making a deposit or engaging in any trading activities.

Trading Platforms

Vision Forex's website presents a range of images displaying a fully functional web trading platform, which creates an expectation of trading services for potential users.

web trading platform

However, upon completing the registration process and accessing the platform, users have encountered a significant discrepancy. Instead of the anticipated trading platform, they are met with a simplistic chart that solely provides information on the current Bitcoin prices.

Such a situation raises concerns about the platform's credibility and the accuracy of the information presented on their website. It is advisable for individuals considering Vision Forex to exercise caution and conduct further research before committing any funds or providing personal information.

See the trading platform comparison table below:

Broker Trading Platform
Vision Forex Web-based platform
Hirose Financial MT4, LION Trader (ActTrader)
PRCBroker MT4, MT5
Trading 212 Proprietary platform and a Web-based Version

Customer Service

Customers can visit their office or get in touch with customer service line using the information provided below:

Telephone: +15645445905

Email: support@visionforexglobal.com

Conclusion

In conclusion, Vision Forex currently lacks valid regulation.Additionally, the inaccessibility of Vision Forex's official website and allegations of being a counterfeit dealer further highlight the potential risks associated with investing with them.

Given these factors, it is advisable to exercise caution and explore alternative trading platforms that are regulated and widely recognized for their credibility. Prioritizing the protection of funds and interests is vital when engaging in financial transactions or investments.

Frequently Asked Questions (FAQs)

Q 1: Is Vision Forex regulated?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: How can I contact the customer support team at Vision Forex?
A 2: You can contact via phone, +15645445905 and email, support@visionforexglobal.com.
Q 3: Does Vision Forex offer demo accounts?
A 3: No.
Q 4: Does Vision Forex offer the industry leading MT4 & MT5?
A 4: No. Instead, it offers web-based platform.
Q 5: What is the minimum deposit for Vision Forex?
A 5: The minimum initial deposit to open an account is $300.
Q 6: Is Vision Forex a good broker for beginners?
A 6: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

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FX1320939513
more than one year
The biggest fraud on the Internet! Every positive review is written by employees of Vision Forex and is a fake account! Their method is simple: For you to deposit as much money as they can pursue you and when you have done that they generate an amazing value in your account so you deposit even more money. And it all ends when you try to withdraw money from your account.
The biggest fraud on the Internet! Every positive review is written by employees of Vision Forex and is a fake account! Their method is simple: For you to deposit as much money as they can pursue you and when you have done that they generate an amazing value in your account so you deposit even more money. And it all ends when you try to withdraw money from your account.
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2023-03-06 17:31
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Dimple4533
more than one year
Best forex broker in India withdrawal & Deposit time to time and fast
Best forex broker in India withdrawal & Deposit time to time and fast
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2022-11-13 01:57
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