VipFxRoom – Is It Legit Or A Scam?

| Publish date: 01/30/2020 (Last updated: March 24, 2020 08:25 AM)
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Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.

VipFxRoom - DO NOT TRADE WITH THIS PROVIDER
2.4/10
$100
Minimum Deposit
X

updated 2020

A stroke of good luck or a well-thought calculative decision – what really cuts it in trading? Calling the right shots play a key role in successful trading. However, to forge ahead seamlessly, it is worthy to go ahead with an effective Forex broker. Spilling beans about the VipFxRoom is of great worth here. Well-known as a class-apart offshore Forex brokerage, the VipFxRoom is used by most traders in the business. 

 

The CFD and offshore Forex broker is registered in St. Vincent and Grenadines. Rewarding traders with magnanimous leverage, the trading platform is more effective than you think. Looking for a rundown on the trading platform? Let’s help you with some insight on VipFxRoom. 

Try these regulated brokers if you want to start trading cryptocurrencies

Plus500 Review - Regulated broker
Europe's #1 CFD Trading Platform

Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.

Website – http://vipfxroom.com/

Regulations – Not Licensed

Deposit Methods – VISA, MasterCard, Bank Wire, and E-Wallet

Minimum Deposits – $250

Free Demo Account – Not Available

Types of Accounts – Micro, Standard and VIP

VipFxRoom Accounts

A stroke of good luck or a well-thought calculative decision – what really cuts it in trading? Calling the right shots play a key role in successful trading. However, to forge ahead seamlessly, it is worthy to go ahead with an effective Forex broker. Spilling beans about the VipFxRoom is of great worth here. Well-known as a class-apart offshore Forex brokerage, the VipFxRoom is used by most traders in the business.

The CFD and offshore Forex broker is registered in St. Vincent and Grenadines. Rewarding traders with magnanimous leverage, the trading platform is more effective than you think. Looking for a rundown on the trading platform? Let’s help you with some insight on VipFxRoom.

A popular provider of CFD services in the field of institution and retail, the VipFxRoom certainly tops the charts. It is an acclaimed online broker and a crowd-favorite choice among traders all across the world. It offers an MT4 trading platform, to begin with. Thinking about the variety and types of assets a user is entitled to when using the VipFxRoom? Well, the online trading platform ensures that traders are spoilt for choice. From currencies and shares to commodities, indices, and metals, one can enjoy seamless access to an array of trading products to pick from. If this wasn’t enough to spark your interest, here’s something on the leverage provided. As a trader, you can enjoy generous leverage, as huge as 1:1000. Isn’t that great for your trading drills? In a nutshell, VipFxRoom is a boon to clients. It offers a one-stop wholesome trading solution. Calling shots is easier done because the online Forex service hooks you up with cutting-edge trading tools as well.

VipFxRoom – The Perks:

If you are on a hunt for an out-and-out trading solution, VipFxRoom is undeniably the right pick. From the shoes of a tradesperson, there’s a bunch of potential advantages one can reap when using this trading platform. Think about the magnanimous extension on leverage you can enjoy. What’s worth mentioning is the MetaTrader4 trading platform you have guaranteed access to. Frankly, the plate’s pretty full when listing down the benefits. Let’s quickly read about the perks.

Diverse Trading Assets

Standing out in the field of Forex trading is not a piece of pie. What makes an online CFD and Forex service provider class-apart is the diversity of assets, ensured to traders. Luckily, the VipFxRoom is well-known in the trading circles for all the good reasons. It offers a bunch of CFD’s on currencies, indices, shares, commodities, and metals. Now, that’s a pretty impressive list of instruments for traders.

Hassle-Free Trading In A MetaTrader4 Platform

MetaTrader4 platform adds another feather to the brand’s cap. It is undoubtedly, a leading-edge platform that is replete with amazing features. Curious to learn about a few? Let’s get started. The MetaTrader4 platform allows one to customize and modify trading robots. You can run automated sessions on useful trading to keep tabs on the ins-and-outs of trading and modify the market indicators too. The platform is equipped with charting tools for better analysis. Little did you know, but the MetaTrader4 is one of the most reliable platforms in the business.

The Deposit Requisites Are Meagre

Are you worried that you might not have enough to shell out when kick-starting your trading activities? Well, with VipFxRoom in service, you can kiss goodbye to your concerns. Enjoy a flying start with as less as 250 USD. Believe it or not, but the amount is pretty meager, compared to the big guns in the circles of trading.

Enjoy Trading With High Scales Of Leverage

You heard it right! VipFxRoom offers generous leverage to the traders. If you have opted for their basic micro account, you can reap the rewards of decent leverage of 1:100. The number surely scales up if you own a VIP account. This makes trading a wee bit simple because one can put aggressive trading strategies in use.

The Disadvantages of VipFxRoom:

It is definitely not advisable to jump in straight by reading the positive attributes of VipFxRoom only. To enjoy an edge in trading, one must always weigh both the pros and cons. Let’s highlight on the not-so-great attributes of the trading platform.

VipFxRoom Is Not Regulated Or Licensed

There’s no doubt that traders feel safe when their money is roped in a legitimate and licensed body. VipFxRoom performs business under an umbrella organization, known as Find Solutions Limited. The offshore company is also registered in St. Vincent and Grenadines. Before delving any deeper, let’s get you schooled about a fact first. Did you know that CFD and Forex brokers, working across the globe must be licensed by a popular and prominent financial regulator? Examples of such regulators include the Australian Securities and Investment Commission, Cyprus Securities and Exchange Commission and the Financial Conduct Authority.

Trading with a regulated body is always safe. The perks are enormous, including an insurance backup for your trading account.

Plus500
$100
Minimum Deposit

Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.

AvaTrade
$100
Minimum Deposit

The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.

 

Zero Access To Demo Account

Now, VipFxRoom claims to offer an array of spreads for traders. The question that pops up is – how do we figure the truth if we cannot access a demo account? This is certainly a huge let-down.

Conditions Of Withdrawal For Trading Bonuses Are Debate-able

The online broker service offers lucrative trading bonuses. At-least, the terms, and conditions of VipFxRoom shed limelight on the feature. Little did you know, but trading bonuses are a ban in regulated markets like the European Union. However, what throws you in a pickle are the extra rules in the withdrawal conditions. The requisites include keeping up with a minimum trade volume and others. This is quite a hard nut to crack, even for well-seasoned traders with years of experience.

Restricted Methods of Payment

VipFxRoom accepts credit cards and debit cards associated with VISA and MasterCard. It also accepts single e-wallet like laccPay and wire transfers. However, popular other modes of payment like Skrill are not accepted by the online trading platform.

To Sum Up:

Speaking of popular offshore brokers, VipFxRoom is a name known to many. The flagship trade platform with multi-assets is popular in the trading circles. However, you must bear in mind that there’s definitely risk involved when cutting deals with unregulated brokers. There’s a definite drawback with the un-licensed company. The chances of getting scammed are pretty high. So, if you wish to go ahead with a safe bet, try and explore more and choose to go with legitimate Forex traders.

VipFxRoom

2.4

User Experience

2.8/10

Payment Options

2.3/10

Security

2.5/10

Support

2.2/10

Reputation

2.0/10

Pros

  • Available in 4 investment packages
  • Accounts can earn every hour
  • Private and secure
  • You can withdraw the principal at any time

Cons

  • No regulations
  • No information about the spreads
  • No free demo
  • High minimum deposit requirement

Do not trade with unregulated brokers that will steal your funds - try these regulated brokers:

Plus500
$100
Minimum Deposit

Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.

AvaTrade
$100
Minimum Deposit

The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.

eToro
$200
Minimum Deposit

eToro is a multi-asset platform which offers CFD and non CFD products. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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