Score

1.45 /10
Danger

VIPS FX

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index6.57

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

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Warning: Low score, please stay away!
Previous Detection : 2025-01-11
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

VIPS FX · Company summary
VIPS FXReview Summary
Founded2-5 years
Registered Country/RegionUnited Kingdom
RegulationUnregulated
Market InstrumentsIndices, CurrencyPairs, and Metals
Demo Account
LeverageUp to 1:500
SpreadFrom 0.1 pips
Trading PlatformMT5(Windows/Android/iOS)
Min Deposit$100
Customer SupportPhone: +971 569603127
Email: support@vipsfx.org

VIPS FX Information

VIPS FX is a forex broker. The tradable instruments with a maximum leverage of 1:500 include indices, currency pairs, and metals. The minimum spread is from 0.1 pips and the minimum deposit is $100. VIPS FX is still risky due to its unregulated status, high leverage, and closed official website.

VIPS FX Information

Pros and Cons

Pros Cons
MT5 availableUnregulated
Spread as low as 0.1 pipsOfficial website closed
Leverage up to 1:500
24/5 live support
Demo account available

Is VIPS FX Legit?

VIPS FX is not regulated, which makes it less safe than regulated brokers.

Is VIPS FX Legit?
Is VIPS FX Legit?

What Can I Trade on VIPS FX?

Traders can choose different investment directions because the broker provides indices, currency pairs, and metals.

Tradable Instruments Supported
Currency Pairs
Indices
Metals
Cryptocurrencies
Shares
ETFs
Bonds
Mutual Funds
What Can I Trade on VIPS FX?

VIPS FX Fees

The spread is from 0.1 pips, and the commission is up to $15.

VIPS FX Fees

Leverage

The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.

Trading Platform

VIPS FX has an authoritative MT5 trading platform for Windows, Android, and iOS. Compared with MT4, experienced traders prefer MT5.

Trading PlatformSupported Available Devices
MT5Windows/Android/iOS
Trading Platform

Deposit and Withdrawal

The minimum deposit is $100. XX offers multiple deposit and withdrawal methods, including Cirrus, DISCOVER, Maestro, etc. However, due to the inaccessible official website, transfer processing times and associated fees are unknown.

Deposit and Withdrawal

Customer Support Options

VIPS FX provides 24/5 customer support, and traders can contact the forex broker via phone and email.

Contact Options Details
Phone +971 569603127
Email support@vipsfx.org
Supported Language English
Website Language English
Physical Address 71-75, Shelton Street, Covent Garden, London, UnitedKingdom, wC2H9JQ
Customer Support Options

User Reviews

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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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