Score

1.45 /10
Danger

Vipotor

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Quantity 90

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.51

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

Broker Information

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Company Name

Vipotor Wealth Ltd

Company Abbreviation

Vipotor

Platform registered country and region

Malta

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 : 2024-12-22
  • 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 82 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
Expose
Scam

Unable to withdraw and severe slippage. Induced fraud

I beg the WikiFXs to step in and bring justice! Give some warning to those unscrupulous platforms and also give some justice to some innocent people who have been deceived. It's too hateful. It's all hard-earned money and all the savings. How can people live! You need to pay a deposit of 20%, I paid but I didn’t withdraw the money. I said that the money changer was invited to have tea and there was no time. In the end, when the money was gone, they still need more deposit. Do you want us to be alive? My family and I are almost gone.

2022-04-29 12:59
Unable to Withdraw

Fraud platform that unable to withdraw gold

Hong Tianfeng quantified trading fraud, assistant Wenwen, the VIPOTOR platform started a bonus activity a few years ago. After the Lunar New Year, the ASIC supervision was suddenly withdrawn. After that, there was no action when applying for a withdrawal. It was obviously a fraudulent platform to attract money, and all the funds in it could not be recovered. Now, the platform assistant changed the theme after the year and claimed to be the assistant of Chengen Studio, and continued to attract new members. At the same time, many assistants (Wang Jingyi, Sunnie) claiming that Chengen Studio's assistants were pulling members to buy stocks began to appear on the Internet. The cooperative treasury cooperates to open a private placement channel, which can be traded after the market, etc. The cooperative treasury also confirmed that this is a fraudulent method.

2022-03-29 17:02
    Vipotor · Company summary

    Note: Vipotor's official website: https://www.vipotor.com is currently inaccessible normally.

    VipotorReview Summary
    Founded2021
    Registered Country/RegionMalta
    RegulationNot regulated
    Market InstrumentsForex, options, CFDs on indices, commodities, stocks, and cryptocurrencies
    Demo Account/
    LeverageUp to 1:100
    EUR/USD SpreadFrom 1.7 pips (Standard account)
    Trading PlatformMT4
    Min Deposit$100
    Customer SupportPhone: +35627781919
    Email: services@Vipotor.com
    Address: PO BOX 4000, Gippsland Mail Centre, Victoria 3841

    Vipotor was registered by Vipotor Wealth Ltd in 2021 in Malta. It offers the most popular trading platform MT4, and the leverage is up to 1:100. However, it can only trade for forex. Besides, the spread is 1.7 pips. What's more, it is not regulated.

    Vipotor's homepage

    Pros and Cons

    ProsCons
    Various trading instrumentsNot regulated
    MT4 supportedWide spreads
    Popular payment optionsUnavailable website

    Is Vipotor Legit?

    Regulatory StatusRevoked
    Regulated byAustralia Securities & Investment Commission
    Licensed InstitutionVIPOTOR WEALTH PTY LTD
    Licensed TypeAppointed Representative (AR)
    Licensed Number001292257
    Revoked ASIC license
    Domain information

    What Can I Trade on Vipotor?

    Tradable InstrumentsSupported
    Forex
    Options
    CFDs
    Stocks
    Indices
    Cryptos
    Commodities

    Account Type

    Vipotor offers three account types: Standard, Premium and Prime.

    Account TypeMinimum Deposit
    Standard$100
    Premium$500
    Prime$5000

    Leverage

    The leverage of Vipotor is up to 1:100. High leverage always comes with high profits and high losses.

    Spreads and Commissions

    Vipotor's spread varies depending on the accounts chosen. The spreads start from 1.7 pips on EUR/USD on the Standard account. Besides, no commissions are charged.

    Trading Platform

    Trading PlatformSupportedAvailable DevicesSuitable for
    MT4Android and iOSBeginners and experienced traders

    Deposit and Withdrawal

    Payment OptionsFeesDeposit Processing TimeWithdrawal Processing Time
    Bank transfer$25+2-5 business days2-5 business days
    Credit cardFreeInstant24 hours
    PayPal2%1 hour
    Skrill
    Neteller
    CryptoDepending on crypto24 hours

    News

    ExposureWikiFX Scam Alert! Be Wary of FX Brokers With Expired Regulation, Such as VIPOTOR

    A review of an FX broker who claims to be regulated warns people to be cautious in order to avoid such illegal occurrences.

    WikiFX
    2023-02-06 09:46
    WikiFX Scam Alert! Be Wary of FX Brokers With Expired Regulation, Such as VIPOTOR

    User Reviews

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    User comment

    3

    Comments

    Write a review

    用笑宣泄悲伤
    more than one year
    Vipotor's regulatory licenses are all fake, and the website can't be opened! What's worse is that I saw a lot of people saying that they were cheated, and I hope they can recover their losses as soon as possible.
    Vipotor's regulatory licenses are all fake, and the website can't be opened! What's worse is that I saw a lot of people saying that they were cheated, and I hope they can recover their losses as soon as possible.
    Translate to English
    2023-02-28 14:29
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    ʚ 妍 ɞ
    more than one year
    It is a Scam company. I wished to close my account just 7 days after I registered and did not trade with them, but I got both phone calls and emails from different trading companies several times every day, which means they “sold” my data. I wrote about it to their service dept. and asked to stop it, and they promised to do it, however, I still get both emails and calls - SCAM.
    It is a Scam company. I wished to close my account just 7 days after I registered and did not trade with them, but I got both phone calls and emails from different trading companies several times every day, which means they “sold” my data. I wrote about it to their service dept. and asked to stop it, and they promised to do it, however, I still get both emails and calls - SCAM.
    Translate to English
    2023-02-15 12:31
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    90