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Vow Spreads, leverage, minimum deposit Revealed

WikiFX | 2023-10-12 12:22

Abstract:Vow, a financial services provider offering the MT5 trading platform, currently lacks valid regulation and appears to have no government or financial authority oversighting its operations. Additionally, their official website is inaccessible, raising concerns about the possibility that the trading platform may have absconded. These factors contribute to increased risk when considering investing with Vow.

  Note: Due to the current unavailability of Vow's official website (https://www.vowmarkets.com/En), we were unable to directly gather information about this broker. As a result, we conducted internet research to compile relevant information and provide a general overview of Vow based on the available data.

Vow Review Summary
Founded 2-5 years
Registered Country United Kingdom
Regulation Unregulated
Market Instruments N/A
Demo Account Unavailable
EUR/ USD Spread 0.0-0.1 pips
Trading Platforms MT5
Minimum Deposit N/A
Customer Support Phone, email

What is Vow?

  Vow, a financial services provider offering the MT5 trading platform, currently lacks valid regulation and appears to have no government or financial authority oversighting its operations. Additionally, their official website is inaccessible, raising concerns about the possibility that the trading platform may have absconded. These factors contribute to increased risk when considering investing with Vow.

  Reports from our website indicate potential issues with Vow, including difficulties in withdrawing funds, instances of scams, and experiences of severe slippage.

Vow

  In the upcoming article, we will examine the attributes of this broker from different perspectives, delivering concise and structured information for your understanding. If you are interested, please continue reading. Towards the end of the article, we will provide a brief summary, allowing you to grasp the key characteristics of the broker easily.

Pros & Cons

Pros Cons
  • MT5 supported
  • Website is unavailable
  • Not regulated
  • No demo accounts
  • Reports of scams and unable to withdraw

Pros of Vow:

  - MT5 Supported: Vow offers support for the popular MT5 trading platform. MT5 is known for its advanced features and tools, providing traders with a comprehensive trading experience.

Cons of Vow:

  - Unavailable Website: The fact that Vow's website is inaccessible raises concerns about the transparency and reliability of the platform. Without a functioning website, potential clients may have difficulty accessing necessary information or conducting due diligence.

  - Lack of Regulation: Vow currently operates without valid regulation or oversight from government or financial authorities. This absence of regulation raises questions about the platform's adherence to industry standards, investor protections, and accountability.

  - No Demo Accounts: Vow does not provide demo accounts, which can be a disadvantage for traders who want to practice their trading strategies or test the platform's features before committing real funds.

  - Reports of Scams and Withdrawal Issues: There are reports of scams associated with Vow, indicating potential risks for investors. Additionally, instances of difficulties in fund withdrawals have been reported, suggesting potential challenges in accessing funds or dealing with withdrawal requests. These reports further highlight the potential risks involved with Vow.

Is Vow Safe or Scam?

  Vow lacks valid regulation, which means there is no oversight from government or financial authorities on their operations.

No license

  Additionally, their official website is unavailable, raising concerns that the trading platform may have abandoned its services. These factors significantly increase the risk associated with investing with Vow.

  Before considering an investment with Vow, it is crucial to conduct extensive research and carefully evaluate the potential risks and rewards. It is generally advised to choose brokers that are well-regulated to ensure the protection of your funds.

Trading Platforms

  Vow provides MT5 platform, a adcanced trading platform that provides advanced features and tools for traders to analyze and execute trades in a fast and efficient manner.

  With MT5, Vow clients have access to a wide range of financial instruments, including forex, commodities, stocks, and indices. The platform offers market data so as that traders can stay updated on the latest market trends and make informed trading decisions.

MT5

User Exposure on WikiFX

  Reports on our website indicate instances of traders being unable to withdraw funds, encountering scams, and experiencing severe slippage. We strongly urge traders to thoroughly review the available information and carefully consider the risks involved in trading on an unregulated platform. Before engaging in any trading activity, we recommend checking our platform for up-to-date information.

  If you have come across fraudulent brokers or have fallen victim to such practices, we encourage you to share your experiences in the Exposure section. Your input is valuable to us, and our team of experts will make every effort to address and resolve any issues you may have encountered.

User Exposure on WikiFX

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, it is important to note that Vow currently lacks valid regulation, meaning that there is no government or financial authority overseeing its operations. Additionally, the fact that Vow's official website is inaccessible further exacerbates these concerns and may indicate potential issues.

  Investing with a platform that lacks valid regulation and has limited accessibility poses significant risks. The absence of oversight increases the potential for fraudulent activities and makes it difficult to seek recourse or resolve disputes. Furthermore, the reports of difficulties in fund withdrawals, instances of scams, and severe slippage reported by users add to the apprehension surrounding Vow.

Frequently Asked Questions (FAQs)

Q 1: Is Vow regulated?
A 1: No. Vow has no valid regulation.
Q 2: How can traders contact the customer support team at Vow?
A 2: Traders can contact via phone, +15645445905 and email: support@visionforexglobal.com.
Q 3: Does Vow offer demo accounts?
A 3: No.
Q 4: Does Vow offer the industry leading MT4 & MT5?
A 4: Yes. It supports MT5.

  

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.

Related broker

No Regulation
Vow
Company name:Vow
Score
1.54
Website:https://www.vowmarkets.com/En
5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.54

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