VIBEINVEST Forex Broker

Note: VIBEINVEST's official website: https://vibeinv.com/ is currently inaccessible normally.VIBEINVEST Review SummaryFounded/Registered Country/RegionMarshall IslandsRegulationNo regulationMarket InstrumentsForex, cryptocurrencies, indicesDemo Account/EUR/USD SpreadFrom 1 pipLeverageUp to 1:200Minimum Deposit€5,000Trading PlatformWeb-based platformCustomer SupportTel: +441213143345; email: Support@vibeinvest.comRegistered address: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960VIBEINVEST Information VibeInvest is a brokerage company that registered in the Marshall Islands and offers trading services in forex, cryptocurrencies, indices to clients. The broker offers five different account types, with a skyhigh minimum deposit of €5,000, not friendly to beginners at all. Furthermore, an inaccessible website, together with the absence of regulation, indicates a lack of transparency and reliability that traders should be vigilant with.Regulatory Status Regulation is a crucial aspect of evaluating the legitimacy and reliability of a brokerage firm, and in the case of VIBEINVEST, the broker operates without any valid regulatory oversight. The absence of a regulatory framework raises significant concerns regarding the broker's adherence to industry standards, financial transparency, and the protection of client interests.Downsides of VIBEINVEST Unavailable website: VIBEINVEST's website cannot be opened currently. Regulatory concerns: The company operates without any regulations, meanig that it does not comply to rules from any regulatory authorities. This heightens trading risks with them. Extremely high minimum deposit requirement: The broker sets an extremely high entry point from €5,000, stopping beginners and small-scale retail traders outside of its door. Invalid download links to MT4 platform: Though claiming to offer the world leading MT4 platform for trading, the download links are reported to be invalid. Traders can actually trade through a nameless and shabby web-based platform only with very limited functions.What Can I Trade on VIBEINVEST? VIBEINVEST provides trading services mainly in 3 asset classes. Forex: Forex, or foreign exchange, is the global marketplace for trading national currencies against one another, facilitating international trade and investment. Indices: Indices are statistical measures that represent the performance of a group of stocks. Cryptos: Cryptocurrencies are digital or virtual currencies that use cryptography for security and operate on decentralized networks based on blockchain technology. When dealing with investment activities, always adhere to the principle of diversification by allocating funds across various products rather than coVIBEINVESTntrating on a single one you feel optimistic about.Tradable InstrumentsSupportedForex✔Indices✔Cryptocurrencies✔Commodities❌Stocks❌Bonds❌Options❌ETFs❌Mutual Funds❌Account Type/Fees There are five live trading accounts offered by VIBEINVEST, namely Green, Premium, Platinum, Executive and Presidential. Opening a Green account requires the minimum initial deposit amount of €5,000, while the other four account types with the much higher minimum initial capital requirements of €25,000, €50,000, €100,000 and €250,000 respectively.These thresholds are extremely high and only suitable for high-net-worth traders with ample capital and high risk tolerance. While spreads are influenced by what type of accounts traders hold. VIBEINVEST reveals that the spread on the Green account is floating around 2.5-3 pips, the clients on the Premium account can experience floating spreads of 2-2.5 pips, the Platinum account with spreads from 1.5 to 2 pips, while the Presidential account can enjoy the lowest spreads of 1-1.5 pips.Account TypeMinimum Initial DepositSpread RangeGreen€5,0002.5 - 3 pipsPremium€25,0002 - 2.5 pipsPlatinum€50,0001.5 - 2 pipsExecutive€100,000/Presidential€250,0001 - 1.5 pipsLeverage The leverage offered by VIBEINVEST is capped at 1:200, which is a little higher than the standard set by EU regulators. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.Trading Platform When it comes to trading platforms, VIBEINVEST boasts the availability of the well-recognized MetaTrader4 and a web-based trading platform. However, the links to download MT4 are broken. The web-based platform is not a browser-based version of MT4, but very basic software with no advanced features, just as the following screenshot shows.VIBEINVEST Fees Review VIBEINVEST charges an inactivity fee of 10% for accounts without logging and trading within six months.Deposit & Withdrawal From the logos shown at the bottom of the home page on VIBEINVEST's official website, the broker seems to accept payment via Visa, Maestro, China UnionPay, MasterCard, Safe Charge and Web Money. The minimum deposit required by credit/debit cards is €/£250, while by bank transfer is €/£3,000. The minimum withdrawal amount is €/£100. The broker will charge withdrawal processing and handling fees which will be deducted from the transferred withdrawn amount, but details are not disclosed. You should seek clarification with the broker to ensure you understand all costs before tarding.