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VIPS FX -

Score

1.44 /10
Danger

VIPS FX

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.vipsfx.org

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Score

Regulatory Index0.00

Business Index6.45

Risk Management Index0.00

Software Index4.00

License Index0.00

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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

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-24
  • 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

VIPS FX · Company summary

For now, since VIPS FXs official website (https://www.vipsfx.org/) is temporarily down, we could only piece this brokerage house by gathering some relevant information from other websites.

General Information

VIPS FX is an online forex broker registered in the United Arab Emirates, allegedly offering its clients access to more than 175 trading instruments through the leading MT5 trading platform, offering leverage up to 1:500.

However, please note that, according to WikiFX, VIPS FX is not authorized or regulated by any regulatory authorities. Although this alone, does not mean that this brokerage is a scam, investors are advised to take extra vigilance before trading with this brokerage.

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Minimum Deposit

Although the minimum deposit to trade with VIPS FX is acceptable $100, given the fact that this broker is an unregulated one, investors should take care to trade with it.

Leverage

The maximum trading leverage offered by VIPS FX is up to 1:500, which is considered generous. Since this brokerage is not regulated by any regulatory authority, it tries to use high leverage to attract newcomers due to no restriction on leverage. High leverage is typically preferred by scalpers and professional traders, as it presents more trading flexibility. However, since leverage can amplify gains as well as losses, inexperienced traders are advised to choose the proper amount that they feel most at ease.

Spreads

Spread is not disclosed on the VIPS FXs official website.

Trading Platform

VIPS FX offers its clients access to the leading MT5 trading platform, which is one of the most popular trading platforms around the world. MT5 trading platform features multiple technical indicators, and powerful charting tools, enabling traders to access automated trading through EA (Expert advisors).

Customer Support

For any inquiries, traders can get access to VIPS FXs customer service through the following channels:

Email: support@vipsfx.org

Telephone: +971 569603127

Company Address: 71-75, Shelton Street, Covent Garden, London, United Kingdom, WC2H9JQ

Please note that the information contained in this introduction is for general information purposes only.

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FX1449373593
more than one year
I used to trade with VIPS FX a while back, but boy, was it a mistake! Their spreads kept getting wider and wider, and before I knew it, my account was deep in the red. After some digging, I found out that this so-called "broker" is actually registered offshore. Talk about a scam! Save yourselves the headache and avoid VIPS FX at all costs. Trust me, you don't want to mess with these guys.
I used to trade with VIPS FX a while back, but boy, was it a mistake! Their spreads kept getting wider and wider, and before I knew it, my account was deep in the red. After some digging, I found out that this so-called "broker" is actually registered offshore. Talk about a scam! Save yourselves the headache and avoid VIPS FX at all costs. Trust me, you don't want to mess with these guys.
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2023-03-28 09:16
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以利多多
more than one year
Don’t touch VIPS FX. I can't access their platform or make transactions, but the scammers haven't returned the money to my account. All a scam. I repeat, don’t go near them you will lose everything.
Don’t touch VIPS FX. I can't access their platform or make transactions, but the scammers haven't returned the money to my account. All a scam. I repeat, don’t go near them you will lose everything.
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2022-12-09 11:46
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