Score

1.16 /10
Danger

Vortexyl

United Kingdom

1-2 years

Suspicious Regulatory License

High potential risk

Add brokers

Comparison

Quantity 1

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index4.30

Risk Management Index0.00

Software Index4.00

License Index0.00

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

ES CNMV
2024-03-11

Broker Information

More

Company Name

Vortexyl

Company Abbreviation

Vortexyl

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-11-10
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Pyramid scheme complaint
Expose
Vortexyl · Company summary
Aspect Details
Company Name Vortexyl
Registered Country United Kingdom
Founded Year 2024
Regulation No Regulation
Tradable Assets CFDs in cryptocurrencies, stocks, commodities, indices, and forex pairs
Account Types Basic, BRONZE, SILVER, GOLD, PLATINUM, DIAMOND, PREMIUM, VIP, ISLAMIC ACCOUNT
Minimum Deposit $250 (Basic account)
Trading Platforms Vortexyls Online Trading Platform (compatible with various devices and operating systems)
Customer Support Phone support available, contact forms, based in London, UK (Cabot Square)
Deposit & Withdrawal Methods include Bank Wire, Credit/Debit Card, Internet Transfer (Neteller, Skrill), Crypto Wallet
Educational Resources Blog offering guides on basic and advanced trading concepts

Overview of Vortexyl

Founded in 2024 and based in the United Kingdom, Vortexyl offers CFDs across cryptocurrencies, stocks, commodities, indices, and forex pairs. This broker provides account options from Basic to VIP, accommodating various investor profiles with deposits ranging from $250 to a million dollars. Operating without regulatory oversight, Vortexyl emphasizes the capabilities of its proprietary trading platform, which supports multiple devices and operating systems. Although lacking transparency in leverage and spreads, Vortexyl seeks to educate its users through blogs that covers fundamental to advanced trading topics.

Pros and Cons

Vortexyl offers an assortment of tradable assets and various account types, including an Islamic account, attending to a broad clientele. Notably, the platform facilitates cryptocurrency transfers without imposing conversion fees and enables instant transactions when using cards and digital wallets, which is a significant convenience for active traders. However, Vortexyl operates without regulatory oversight, has been subject to disclosure by the CNMV, and requires higher deposits for specific accounts. Moreover, traditional bank transfers will take several days to process, and the platform has been marked by a lack of transparency regarding critical trading information such as leverage, spreads, and trading fees.

Pros Cons
  • Offers a range of tradable assets
  • No regulatory oversight
  • Multiple trading account types available
  • Subject to a disclosure by CNMV
  • Islamic account option provided
  • Higher minimum deposit for certain accounts
  • No fees on cryptocurrency transfers
  • Bank transfers often require several days
  • Instant transactions with cards and digital wallets
  • Lack of clarity on leverage, spreads, and fees

Is Vortexyl legit or a scam?

Vortexyl is currently unregulated, as confirmed by a recent disclosure from the National Securities Market Commission (CNMV). The disclosure highlights that Vortexyl lacks authorization to offer the regulated investment services detailed in Article 129 of the Spanish Securities Markets and Investment Services Act.

Is Vortexyl legit or a scam?

Market Instruments

Vortexyl offers cryptocurrencies, stocks, commodities, indices, and forex pairs. Cryptocurrencies are digital or virtual currencies secured by cryptography, stocks represent equity ownership in companies, commodities are basic goods used in trade, indices are statistical measures of the performance of groups of stocks, and forex pairs involve trading one currency against another.

Market Instruments

Account Types

  • Basic: Ideal for newcomers, available for as little as $250.

  • BRONZE: A step up, requiring an investment of €10,000.

  • SILVER: Suitable for more serious traders, with a €25,000 minimum deposit.

  • GOLD: Requires a significant €50,000 deposit.

  • PLATINUM: For advanced traders, accessible with €100,000.

  • DIAMOND: Tailored for elite traders, needing €250,000 to start.

  • PREMIUM: For top-tier investors, with a half-million euro deposit.

  • VIP: The highest account level requiring a substantial €1,000,000.

  • ISLAMIC ACCOUNT: Specially configured for those following Islamic finance principles.

Account Types
Account Types
Account Types

How to Open an Account with Vortexyl

  1. Select an Account Type: Decide on the type of account that best suits your trading style and financial capacity. Options range from Basic to VIP, each with specific deposit requirements.

  2. Initial Deposit: After selecting your account type, make the necessary deposit to activate your account, with the Basic account starting at $250.

  3. Begin Trading: With your account funded, youre ready to start trading. Vortexyl recommends that newcomers take advantage of their educational blogs and guides to better understand market dynamics before trading actively.

How to Open an Account with Vortexyl
How to Open an Account with Vortexyl

Trading Platform

Vortexyl introduces an advanced online trading platform that attends to all traders, regardless of their experience level. This platform is available through various modes such as web interfaces, desktop apps, and mobile apps, compatible with major operating systems like Windows, Android, and iOS. The platform's web-based nature means that it operates uniformly on all devices.

Trading Platform

Deposit & Withdrawal

Bank Wire Transfers

Ideal for large transactions, expected to complete within 3-5 business days.

Credit or Debit Cards

Instantaneous funding of trading accounts via Visa or MasterCard, with a maximum transfer amount of $250 per transaction.

Online Wallets (Neteller, Skrill)

These digital wallets offer fast and free money transfers, appealing to traders looking for quick and efficient financial movements.

Cryptocurrency Transfers

Supports direct deposits from crypto wallets, which is perfect for those who prefer using digital currencies, offering fast transactions without incurring conversion costs.

Deposit & Withdrawal

Customer Support

  • ADDRESS

Cabot Square, London E14 4QZ, United Kingdom

  • PHONE NUMBER

Support - +442038666808

Trading - +442038666813

  • A contact form is available, allowing for inquiries.

Customer Support

Educational Resources

Vortexyl's educational offerings are encapsulated within their extensive blog, which serves as a valuable resource for both novice and seasoned traders. The blog covers a wide array of topics that range from basic to advanced trading concepts. Each article is crafted to convey essential information about the trading environment and strategies effectively.

Educational Resources

Conclusion

Vortexyl offers an extensive asset portfolio and multiple account types suitable for various traders, backed by a comprehensive proprietary trading platform. However, its unregulated nature and a CNMV warning about its practices indicates. Additionally, the platform's non-disclosure of key trading conditions and high entry barriers for certain accounts could further detract from its appeal. Despite its fast transaction features and no cryptocurrency transfer fees, the serious risks couldn't be overlooked.

FAQs

Q: What trading options are available at Vortexyl?

A: You can trade CFDs on a broad array of assets like cryptocurrencies, stocks, commodities, indices, and forex pairs with Vortexyl.

Q: Does Vortexyl have regulatory approval?

A: No, Vortexyl operates without regulatory oversight and has been cited by the CNMV for lacking the necessary authorization.

Q: What is the initial investment required at Vortexyl?

A: Initial deposits at Vortexyl start from $250 for the Basic account, increasing significantly for premium accounts.

Q: Is mobile trading possible with Vortexyl?

A: Yes, Vortexyl supports trading on mobile devices via its adaptable online platform.

Q: What are the funding options for Vortexyl accounts?

A: Funding methods include bank transfers, card payments, online wallets, and direct crypto deposits.

Q: How can I get support from Vortexyl?

A: Customer support can be reached via telephone or a contact form on their website, all based out of their London office.

Risk Warning

Online trading poses substantial risks, with the potential for complete loss of invested capital, rendering it unsuitable for all traders. It is imperative to comprehend the inherent risks and acknowledge that the information provided in this review is subject to change due to continuous updates in the company's services and policies.

Additionally, the review's generation date is a critical consideration, as information may have evolved since then. We strongly advise readers to verify updated details directly with the company before making any decisions, as the readers must be aware of and willing to accept the inherent risks involved in utilizing this information.

User Reviews

More

User comment

2

Comments

Write a review

FX2059070387
0-3months
VORTEXYL, la gran ESTAFA. Cómo he escrito en la linea de arriba, son una red de estafadores. expongo mi caso así como pruebas irrefutables de sus malas prácticas y robos a los mas débiles e indefensos. Tal cual. Mi madre de 79 años fue víctima de estos ladrones, VORTEXYL le robo cerca de 3000€. Desde febrero hasta agosto fueron convenciondola que ganaría dinero fácil con sus inversiones. Una vez convencida procedieron con el siguiente método que describo a continuación. . Ingreso inicial de 250€. . Apertura de cuenta en VORTEXYL. Apertura de cuenta "real" en webtrader vortexyl com es falsa la web VORTEXYL para trading, es para fortalecer su estafa con números. En España su dominio /vortexyl com está bloqueado por las autoridades competentes y la CNMV los califica de chiringuito y desaconseja firmemente sus servicos dada las evidencias de su estafa muchos españoles y buena gente del mundo. . No está registrada su actividad.
VORTEXYL, la gran ESTAFA. Cómo he escrito en la linea de arriba, son una red de estafadores. expongo mi caso así como pruebas irrefutables de sus malas prácticas y robos a los mas débiles e indefensos. Tal cual. Mi madre de 79 años fue víctima de estos ladrones, VORTEXYL le robo cerca de 3000€. Desde febrero hasta agosto fueron convenciondola que ganaría dinero fácil con sus inversiones. Una vez convencida procedieron con el siguiente método que describo a continuación. . Ingreso inicial de 250€. . Apertura de cuenta en VORTEXYL. Apertura de cuenta "real" en webtrader vortexyl com es falsa la web VORTEXYL para trading, es para fortalecer su estafa con números. En España su dominio /vortexyl com está bloqueado por las autoridades competentes y la CNMV los califica de chiringuito y desaconseja firmemente sus servicos dada las evidencias de su estafa muchos españoles y buena gente del mundo. . No está registrada su actividad.
Translate to English
2024-08-20 09:03
Reply
0
0
FX2071558522
6-12months
vortexYL Vortexyl, son unos estafadores profesionales. te ponen un cebó y después te estafan, me estafaron 207.931,04 dólares. los tengo denunciados por estafa, saltarse la ley de portación de datos, dándole tu numero de cuenta a tercero, por engaño y por blanqueo de dinero. tener cuidado si os manda abrir una cuenta en malta. a mi me estafo Ma.... Ma... y Ba... Ra...., su jefe es un tal Pedro Español. ojo con esto. yo puse varios correos a atención al cliente y es perder el tiempo parecen robots contesta siempre lo mismo. yo los correos los puse para tener reclamaciones por escrito para denunciarlos y pedir el dinero y el cese de actividad por estafa de Vortexyl y todas las empresas asociadas. tengo denunciado a Vortexyl por estafa etc, y a cinco personas por bloqueo de dinero por hacer ingresos en mi cuenta sin permiso, yo en ningún momento lo autorice, solo di mi cuenta para la gestión de mi cuenta con Vortexyl. también denuncie a los dos asesores antes mencionados con busca y captura mientras no me devuelvan el dinero y las causas que tenga por la estafa. Se ve que VortexYL, envió un correo a Trustpilot. que editara el comentario que no cumple las nomas, pues va ser que no cambio ni una coma. es la realidad como esta denunciado. se ve que las normas de VortexYL son te robo pero estas obligado a decir que soy bueno. conmigo va ser que no. los que estafan tienen un nombre que es? estafadores, tal como demostrare con la denuncia. ojo con ellos.
vortexYL Vortexyl, son unos estafadores profesionales. te ponen un cebó y después te estafan, me estafaron 207.931,04 dólares. los tengo denunciados por estafa, saltarse la ley de portación de datos, dándole tu numero de cuenta a tercero, por engaño y por blanqueo de dinero. tener cuidado si os manda abrir una cuenta en malta. a mi me estafo Ma.... Ma... y Ba... Ra...., su jefe es un tal Pedro Español. ojo con esto. yo puse varios correos a atención al cliente y es perder el tiempo parecen robots contesta siempre lo mismo. yo los correos los puse para tener reclamaciones por escrito para denunciarlos y pedir el dinero y el cese de actividad por estafa de Vortexyl y todas las empresas asociadas. tengo denunciado a Vortexyl por estafa etc, y a cinco personas por bloqueo de dinero por hacer ingresos en mi cuenta sin permiso, yo en ningún momento lo autorice, solo di mi cuenta para la gestión de mi cuenta con Vortexyl. también denuncie a los dos asesores antes mencionados con busca y captura mientras no me devuelvan el dinero y las causas que tenga por la estafa. Se ve que VortexYL, envió un correo a Trustpilot. que editara el comentario que no cumple las nomas, pues va ser que no cambio ni una coma. es la realidad como esta denunciado. se ve que las normas de VortexYL son te robo pero estas obligado a decir que soy bueno. conmigo va ser que no. los que estafan tienen un nombre que es? estafadores, tal como demostrare con la denuncia. ojo con ellos.
Translate to English
2024-04-13 14:43
Reply
0
0
1