Is VXMarkets a Scam?
We have made a research of VXMarkets and found out that they do not rate highly and there is no significant data about them. As an alternative we have selected our Top Safe Forex Brokers along with detailed reviews for safe and secure trading.
Since we haven’t gathered enough information yet, we cannot confirm that VXMarkets is safe. You can Proceed to Safety OR Choose one of the Is-Scam approved and safe Forex Brokers:
Forex trading allow you to trade online where you make investments with minimum risks and get potentially high profits. VXmarkets is a platform that offers Forex trading. One needs to create an account so as to trade on VXmarkets. If you have at least one time been in this business, you cannot just use your existing Forex account so as to use any services offered by this Forex trading platform.
VXmarkets has quite a variety of information that has not been verified. When you visit their website home page, you get to see trader’s testimonials that have not been proved whether they are correct. One such a trader claims that she made $150 in just one hour. Another one claims that he makes $150-$250 on daily basis.
VXmarkets Minimum Deposit & Withdrawal
VXmarkets allow you to make deposits using only three currency types. These are USD, EURO and GBP. You can make a minimum deposit of 25 USD. Their website does not however indicate whether the currency you have chosen at the time of registration can be changed later.
A point worth noting is that you cannot make this deposit unless you have registered with them. Before making any investment with any Forex platform, it is important that you first understand their terms and conditions. It is also critical that you carry out a detailed research about them. Do not invest with a Forex signals broker before checking out this.
VXmarkets Demo Account
A demo account is very important both to a starting trader and an experienced one. To the starting trader, a demo account allows you to learn how to operate on the Forex platform. The experienced trader is given an opportunity to trust the Forex platform. You have to open an account with VXmarkets for you to trade on their site. The option of a demo account is unfortunately not offered.
VXMarkets & Opportunities
Unfortunately, VXMarkets is not among the brokers that offer a lot of opportunities for their clients.
- First of all, we were quite disappointed with the assets available for trading. VXMarkets can offer Forex trading on just 60 assets which is one of the smallest portfolios in the industry. This greatly limits the possibilities in front of the client.
- Second of all, they do not provide various account types. You start with a minimum deposit of $250 and can invest as much as you want. But there is no difference that comes from a higher initial deposit. Reliable brokers usually provide additional features and opportunities for upgraded accounts. This is not the case with the VXMarkets broker.
Special Features & Support
We find it appropriate to mention that the VXMarkets brokerage has no special features to offer. It cannot give any advantage for traders, nor does it have something to give it an edge over the Forex competition. The industry is huge and there are a lot of brokers out there that have different features that make them competitive. VXMarkets is not a broker that is capable of competing in the Forex world.
What concerns us about the support is the fact it is available only in English. VXMarkets is not a broker that encourages multinational trading. Investors that have no or very little knowledge in English will have a hard time communicating with the support team. We also found a number of complaints concerning the quality of said customer service.
ConclusionAfter detailed investigation our team concluded that there are better choices than VXMarkets. We cannot confirm that this Forex broker is a scam, but our research revealed enough traders’ complaints to not make us feel safe trading with VXMarkets.
We recommend you to Proceed to Safety and avoid scams by choosing High-Rated and Trusted Brokers on Is-Scam.com.