Vonway Review: A Series of Unfair Account Suspension & Withdrawal Denial Complaints

Have made substantial profits through Vonway, but could not withdraw? Initiated the Vonway withdrawal request, but the same was denied on the grounds of hedging violation? Were your trade orders executed at an unfair price? Have you faced a trading account suspension by the broker without any explanation? These have allegedly become regular for many traders here. In this Vonway review article, we have shared a list of the top complaints against the forex broker.

Check Out These Top Forex Trading Complaints Against Vonway

Profits Show on the Vonway Login, But Cannot Withdraw it, Claim Traders

While some users admit earning substantial profits, as evident on the Vonway login, accessing them looks virtually impossible for them. One trader submitted the trading chart while sharing the Vonway review on WikiFX, the worlds leading forex regulation inquiry app.

Additional Deposit Demand for Withdrawals

Vonway is alleged to have demanded additional deposits from traders for withdrawal access. In one such case, a trader claimed to be experiencing difficulties in withdrawing USD 40.42 as the broker demanded 50 USD to the forex trading account. However, after depositing the extra amount, one cannot withdraw, the trader claimed. Sharing the screenshot where the trader has expressed these views.

Withdrawal Denial on the Grounds of Hedging Violation

A trader highlighted this specific comment after placing a withdrawal request of $3,642. Reacting to the withdrawal request, Conway rejected it by claiming it to be a hedging violation. The trader responded by saying that he traded manually and did not hedge. Check out the full Vonway review below.

A Growing List of Account Suspension Cases

Traders have admitted facing illegitimate account suspensions by Vonway. While some admit that the broker suspends the account after they earn a profit, some concede that it happens to them even before depositing. Here are multiple account suspension-related Vonway reviews.

Automatically Trade Closure Dispute

A trader reported having traded the GBP news and had four orders that were automatically closed within 180 seconds, which violates Vonways own policy requiring trades to last more than 180 seconds. Instead of acknowledging this issue, the broker accused the trader of using an Expert Advisor (EA), which is also prohibited, even though the trader was only using simple buy-stop and sell-stop orders. Because of this accusation, Vonway has now refused to process the withdrawal. Here is what the trader said when sharing the Vonway review online.

Vonway Review by WikiFX: The Score & Regulatory Oversight Analysis

As complaints seemed serious, the WikiFX team started conducting a detailed investigation into the brokers operation, including its regulatory status. Upon investigation, it is found that Vonway is an offshore regulated broker in Comoros. The offshore regulation does not put the broker under strict legal compulsion to share details with the regulator, raising the scope for trading losses. Keeping these in mind, the team gave Vonway a score of 2.36 out of 10.

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