VTindex Review: Who Is Behind VTindex.Com?
The purpose of this VTindex review is to help you determine if this broker offers legitimate services or if it’s just another trading scam. It is a matter of fact that depositing with a business like this is particularly alarming. You should never put your money or trust into this business.
This is an FX broker who hides behind many falsehoods. Let’s get into some more valuable details down below!
|Headquarters||St. Vincent & the Grenadines|
Regulation and Security of VTindex
This fraud is apparently based in Hong Kong, St. Vincent & the Grenadines, Malaysia, United Arab Emirates, Malaysia, and the United Kingdom. Their website provides only contact information for their base in St. Vincent and the Grenadines. It is a popular destination for forex scammers.
In local jurisdictions, financial regulators do not oversee forex broker activities or establish laws and regulations. All a broker scam has to do to start delivering services is set up a business. This is, by all means, easy to do.
A broker claimed that the FCA, KNF, and CMB regulated its activities. Still, this turned out to be false. This is important to remember.
VTindex Trading Platform
The first thing you’ll notice about VTindex is that it appears to offer access to MT4, one of the most sophisticated trading platforms on the market.
Downloading the medium or even finding information about it proved to be a challenge. It is noteworthy that the entire page that should lead to MT4 doesn’t load.
Many people also find it difficult to open an account with VTindex. The client area was entirely unavailable. The only thing you will see is an error announcement. Likewise, we cannot know for sure if this firm offers MT4 – or any other functional trading medium.
It’s always wise to use regulated brokers who offer real MetaTrader 4 platforms. There is a logical explanation for why this has been one of the most dominant media in the world of trading. This is powerful software that is relatively modern and easy to use. Moreover, it offers a mixture of practical trading tools.
People would be able to get access to amazing traits and a lot of indicators, order execution types, and much more. The same is true for MT5.
Note: Apart from its avant-garde desktop version, MT5 exists as a web platform too. It is accessible from almost any browser. There is a mobile application for the platform as well, available for Android devices. Sadly, there’s no app for iOS yet.
Trading Instruments Available at VTindex
It’s time to take a look at the trading instruments VTindex has to offer. They are as follows:
This variety of trading assets may look like an advantage. However, it’s a known fact that this broker is a scam.
Deposit and Withdrawal Procedures
The deposit policy is not transparent at all. First, it speaks of having a number of deposit options available. Then, it only describes one of them – WebMoney.
Nevertheless, if this business was indeed offering numerous payment methods, you should avoid it! In addition, if you have managed to register with this trading scam, and make a deposit, seek a chargeback. The time, as well as the capacity to do so, will depend on the method utilized. Make sure to contact your payment provider!
Beware that crypto transactions are much harder to trace. So, it’s wise to use a card if possible. Also, don’t forget the silly $500 minimum deposit amount.
VTindex Account Types Offered
Regarding trading accounts by VTindex broker, you should take a look at their offering:
Each of the accounts has the same amount as the required deposit. The deposit amount we are talking about is $500. Speaking of which is an avoidable risk since you can start trading for less than $10 with some excellent FX firms.
How Does Offshore Brokers’ Scam Work?
Trading is a risky practice. This is accurate even for experienced investors using legit brokers. For newbies, there is also the risk of being conned by the many scam brokers posing as real firms.
These sites will lure you with fake promises of easy returns. Usually, these fraudsters promise big returns and spread lies. After investing a small amount, they will tell you that you are already making excellent profits. After that, they will urge you to invest more money.
But your funds are not invested. Ultimately, you will never see those promised returns. This is the unwritten rule! What happens after you ask to withdraw your money? You will be alarmed by the elusive minimum trading volume threshold. Scammers hide behind fake names and offshore companies. Because of this, it’s impossible to hold them responsible.
It’s essential to save people from losing their hard-earned money. Apart from having a phony address, this broker has a strangely high minimum deposit requirement.
Ensure you have checked out all the companies before making any transaction. We hope that this VTindex review has been helpful to you.
FAQs About VTindex Broker
Is VTindex Regulated?
No. This broker is entirely unregulated and you should not invest your hard-earned money here.
Does VTindex Offer a Demo Account?
No. This FX broker does not offer a demo account. You can only see the live trading account.
What is the Minimum Deposit for VTindex?
The minimum deposit amount for VTindex is $500. This is a relatively high amount.