Score

4.42 /10
Average

Vie Finance

Seychelles

2-5 years

Regulated in Seychelles

Retail Forex License

Suspicious Scope of Business

Medium potential risk

Offshore Regulated

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Comparison

Quantity 1

Exposure

Time Machine
Website

Score

Regulatory Index3.05

Business Index5.59

Risk Management Index8.22

Software Index4.00

License Index3.51

Time Machine
Website

Licenses

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

Vie Finance Sey Ltd

Company Abbreviation

Vie Finance

Platform registered country and region

Seychelles

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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WikiFX Risk Alerts 2
Previous Detection : 2024-09-21
  • The Seychelles FSA regulation with license number: SD123 is an offshore 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
Vie Finance · Company summary
Aspect Information
Company Name Vie Finance
Registered Country/Area Seychelles
Founded year 2-5 years
Regulation Regulated by the FSA
Market Instruments Contracts for Difference (CFDs)
Account Types N/A
Minimum Deposit N/A
Maximum Leverage N/A
Spreads N/A
Trading Platforms N/A
Customer Support Email at info@viefinancesey.com or call +2484374730
Deposit & Withdrawal N/A
Educational Resources No educational resources provided

Overview of Vie Finance

Vie Finance, based in Seychelles, has been operating for 2-5 years.

Regulated by the Seychelles Financial Services Authority, it offers a trading platform for trading of Contracts for Difference (CFDs) in a range underlying asset classes.

However, drawbacks include limited trading assets, high fees, withdrawal issues reported by users, lack of advanced trading tools, and insufficient educational resources.

Overview of Vie Finance

Regulatory Status

Vie Finance operates under the regulatory oversight of the Seychelles Financial Services Authority, holding a Retail Forex License with license number SD123.

As an offshore regulatory body, the Seychelles Financial Services Authority provides the framework for Vie Finance to conduct its operations. This regulatory status assures traders on the platform of adherence to established financial guidelines and standards set forth by the Seychelles jurisdiction.

Regulatory Status

Pros and Cons

Pros Cons
Regulated by the FSC Limited trading assets
Lack of advanced trading tools
Withdrawal issues reported by users
No educational resources
Insufficient website

Pros:

  1. Regulated by the FSC: Vie Finance is regulated by the Financial Services Commission (FSC), ensuring compliance with established financial regulations and providing users with a level of security and trust in the platform.

Cons:

  1. Limited trading assets: Vie Finance offers a limited selection of trading assets only including CFDs, which restrict users' ability to diversify their investment portfolios.

  2. Lack of advanced trading tools: The platform lacks advanced trading tools that are essential for technical analysis and decision-making.

  3. Withdrawal issues reported by users: Users have reported experiencing withdrawal issues with Vie Finance, such as delays or difficulties in withdrawing funds from their trading accounts.

  4. No educational resources: Vie Finance lacks educational resources to help users enhance their trading knowledge and skills.

  5. Insufficient website: The website of Vie Finance is insufficient in terms of user experience and functionality, which will frustrate users and hinder their ability to efficiently access information or execute trades on the platform.

Market Instruments

Vie Finance Sey Ltd provides regulated online securities trading services in accordance with its Securities Dealers License specialises in offering a trading platform for trading of Contracts for Difference (CFDs) in a range underlying asset classes.

Market Instruments

Trading Platform

The current information indicates that Vie Finance does not provide a trading software. Please take note of this.

Customer Support

Vie Finance offers comprehensive customer support services to address inquiries promptly. Located at Room B11, First Floor, Providence Complex, Providence, Mahe, Seychelles, clients can reach out via email at info@viefinancesey.com or by calling +2484374730.

Additionally, individuals can use the provided contact form on the website for general inquiries.

Customer Support

Exposure

Vie Finance has been exposed to various user complaints, including issues related to pyramid schemes and difficulties in withdrawing funds.

With a total of one reported exposure, these incidents raise risks about the platform's reliability and transparency. Such complaints can impact traders' confidence and trust in Vie Finance, potentially leading to hesitation or reluctance to engage in trading activities on the platform. The inability to withdraw funds, in particular, can significantly hinder users' trading experiences and may prompt them to seek alternative platforms with more reliable withdrawal processes.

Exposure

Conclusion

In conclusion, Vie Finance presents both advantages and disadvantages for traders.

Its regulation by the Seychelles Financial Services Authority ensures a level of security and trust.

However, drawbacks include reported withdrawal issues, limited trading assets, and a lack of educational resources. These drawbacks, coupled with unspecified details such as account types, minimum deposit, maximum leverage, spreads, and trading platforms, hinder users' trading experiences.

FAQs

  1. Question: Is Vie Finance regulated?

  1. Answer: Yes, Vie Finance is regulated by the Seychelles Financial Services Authority, providing oversight and ensuring compliance with financial regulations.

  1. Question: Does Vie Finance offer educational resources for traders?

  1. Answer: No, Vie Finance does not provide educational resources such as tutorials or webinars for traders.

  2. Question: Are there any reported issues with withdrawals on Vie Finance?

  3. Answer: Yes, some users have reported experiencing difficulties or delays with withdrawals from their trading accounts.

User Reviews

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User comment

1

Comments

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zidang
more than one year
I was very disappointed in using Vie Finance. First of all, their customer service response is slow and takes a long time to get a response. Secondly, the order execution speed is also very slow, and slippage often occurs, which makes my trading strategy not execute smoothly and profits are greatly affected. Finally, I tried to withdraw my funds, but their withdrawal process was very cumbersome and took a long time to complete. All in all, I wouldn't use Vie Finance again and wouldn't recommend
I was very disappointed in using Vie Finance. First of all, their customer service response is slow and takes a long time to get a response. Secondly, the order execution speed is also very slow, and slippage often occurs, which makes my trading strategy not execute smoothly and profits are greatly affected. Finally, I tried to withdraw my funds, but their withdrawal process was very cumbersome and took a long time to complete. All in all, I wouldn't use Vie Finance again and wouldn't recommend
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2023-03-31 14:00
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