Score

1.95 /10
Danger

VINIL

Cayman Islands

1-2 years

Regulated in United Kingdom

Common Business Registration

Self-developed

Suspicious Scope of Business

Suspicious Overrun

Medium potential risk

Add brokers

Comparison

Quantity 1

Exposure

Open Account
Website

Score

Regulatory Index1.25

Business Index4.21

Risk Management Index0.00

Software Index4.37

License Index1.25

Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

Vinil Exchange, Inc

Company Abbreviation

VINIL

Platform registered country and region

Cayman Islands

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2025-01-09
  • This broker exceeds the business scope regulated by United Kingdom FCA(license number: 15894715)Common Business Registration Non-Forex License. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
Expose
VINIL · Company summary
VINILReview Summary
Founded2024
Registered Country/RegionCayman Islands
RegulationFCA (General registration)
Market InstrumentsForex, commodities, options
Demo Account/
Leverage/
Spread/
Trading PlatformVINIL APP
Min Deposit/
Customer SupportLive chat

VINIL was registered in 2024 in Cayman Islands, which is a broker focusing on the forex, commodity, and option markets. Besides, it is regulated by the Financial Conduct Authority (FCA) in the UK. However, it does not reveal much information about trading details, and customers can be informed of the details after logging in its platform.

VINIL's homepage

Pros and Cons

Pros Cons
Live chat supportNew to the market
Not regulated well
Lack of transparency
Limited tradable asset classes
No MT4 or MT5
Limited channels for customer support

Is VINIL Legit?

Yes, VINIL is regulated by the Financial Conduct Authority (FCA) in the UK. However, the current status of its domain shows that client transferring is prohibited, which means potential risks may exist. Therefore, customers need to be careful.

Regulated AuthorityCurrent StatusRegulated CountryLicense TypeLicense No.
Financial Conduct Authority (FCA)General RegistrationUKCommon Business Registration15894715
FCA (General Registration)
Domain information

What Can I Trade on VINIL?

On VINIL, traders can explore the forex, commodity, and options markets.

Tradable Instruments Supported
Forex
Commodities
Options
Indices
Stocks
Cryptocurrencies
Bonds
Options
ETFs

Trading Platform

VINIL uses its own trading platform, which is a mobile APP.

Trading PlatformSupported Available Devices Suitable for
VINIL APPMobile/
MT4/Beginners
MT5/Experienced traders
VINIL APP

User Reviews

More

User comment

3

Comments

Write a review

FX2894567676
3-6months
The platform works great! The withdrawal speed is similar to the platform I usually use. The page is also very smooth. The main reason is that the customer service staff will patiently answer all your questions at any time.
The platform works great! The withdrawal speed is similar to the platform I usually use. The page is also very smooth. The main reason is that the customer service staff will patiently answer all your questions at any time.
Translate to English
2024-08-13 08:45
Reply
0
0
FX8949523912
3-6months
This Company has stolen $12,000 USDT by freezing the account. They will only unfreeze if yiu send them the same amount you are trying to withdraw in cash or equivilent. This is a fraudulent website....business etc. Do not send any assets to this platform for crypto trading. They are under investigation by the Grand Cayman Islands Police Dept. Fraud division.
This Company has stolen $12,000 USDT by freezing the account. They will only unfreeze if yiu send them the same amount you are trying to withdraw in cash or equivilent. This is a fraudulent website....business etc. Do not send any assets to this platform for crypto trading. They are under investigation by the Grand Cayman Islands Police Dept. Fraud division.
Translate to English
2024-08-11 10:36
Reply
0
0
1