de | cn | ru

VipWayZone Review - is it scam or safe?

VipWayZone Review - is vipwayzone.com scam or good forex broker?

RATING: 1 / 0 REVIEWS VipWayZone
VipWayZone is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


Trading Accounts & Conditions

 

Account type Min.Deposit Max. leverage  Spread
Mini  $250  1:200 N/A
Standard  $5 000 1:200 N/A
VIP  $10 000 1:200 N/A

 

Forex and binary options broker VipWayZone offers its clients the account types listed above, plus two Managed ones. However, this broker has not shared with (potential) clients any trading specifics, such as the leverage levels provided, and the typical spreads. It also does not hold a legit forex broker license, which is the main reason for the low rating we gave it. Further details on VipWayZone and its offer are available in the below review.

 

 

VipWayZone Advantages

 

Many financial instruments available

One of the few possible advantages of VipWayZone is the fact that it offers wide range of financial instruments for trade. Its product portfolio includes a lot of forex pairs, CFDs on indices, commodities, bonds, ETFs, as well as a solid selection of cryptocurrencies. Binary options trading is also available.

 

Here is a list of reliable forex brokers that offer Bitcoin trading to those of you who are into cryptocurrencies.



>> Some of the best forex brokers to trade Bitcoin with <<

 

 

Solid leverage

We found out that VipWayZone offers leverage up to 1:200, which is a solid ratio and would suffice the needs of most traders.

 

Leverage is a bit controversial element of forex trading. High leverage levels can help you hit big profits on a small deposit, but you may lose everything just as easily, so we don’t recommend them for beginners.

 

 

VipWayZone Disadvantages

 

An offshore broker

VipWayZone is allegedly owned and operated by Next Capital Group LTD., a company registered on the Marshall Islands. Forex brokers in this offshore zone are not subjected to an obligatory licensing regime, nor are monitored by any financial authority. This constitutes a major security concern for potential clients of VipWayZone, who have no guarantee for their investment and may be open to substantial risk.

 

Trading conditions not fully disclosed

As we mentioned in the beginning, this broker does not provide any information on spreads, commission fees, leverage levels, etc., and this is always a worrisome sign. As free demo accounts are not available either, potential clients of VipWayZone have no idea what would cost them to use the services of this broker.

 

No MetaTrader

We had to open a live account to be able to take a look at VipWayZone’s trading platform. This web-based trading interface is too simple, with poor charting and lacking many of the advanced features other platforms offer.

 

Click to view larger.

 

However, our main concern with this web-based platform is that, as far as we know, it is only used by shady brokers that are not regulated. We have even dubbed this trading solution “Scamex”.  So, you’d better stick to the good old MetaTrader 4, which has proved to be a useful and reliable trading platform with a number of superior tools and features.

 

 

 

>> A list of MT4 brokers <<

 

 

Managed accounts

Last but not least, VipWayZone offers managed accounts and that is another worrisome sign. The majority of forex brokerages are in fact Market Makers – basically they win when traders lose, and vice versa. So, if a Market Maker manages your account, it will most certainly be handled in such a way that you lose.

 

 

Conclusion

 

VipWayZone is an offshore broker which offers spot trading in forex, CFDs and binary options.  we don’t recommend it for a number of reasons. Considering that this broker does not hold a legit license and its offer is very unclear, we strongly advise you against doing business with VipWayZone and any other unregulated intermediary on the forex market. You’d better select a forex broker licensed by a reputable authority, such as UK’s FCA, Cyprus’s CySEC or Australia’s ASIC, which impose strict rules and see to their compliance.

 

Here, you can find some of the main advantages of trading with a FCA-regulated companies, as well as a list of such brokers.

 


 >> A list of FCA-regulated brokers <<

 

 

And finally, here are the highlights of our review on VipWayZone:

 

Pros Cons
Wide range of financial products An offshore broker
Solid leverage Trading conditions not fully disclosed
  No MetaTrader
   

 

Latest news about VipWayZone
No news about VipWayZone . Check back later.
Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, IFSC MT4, MT5, Web $10 Review Website
Cyprus, Australia CySec, ASIC MT4, Web,
Mobile app
$100 Review Website
Australia, Cyprus ASIC MT4, MT5,
IRESSTrader
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
Australia ASIC MT4, MT5 $100 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website

Traders` reviews for VipWayZone

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

de | cn | ru