VOREX foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://center-vt.com/#/user/register, about the company's legal and temporary regulatory information, the company's address Krtsanisi district, Krtsanisi II lane, N 15, building 3, apartment 42, Tbilisi, Georgia..
VOREX Forex Broker
Basic information
Australia
2-5 years Suspicious Regulatory License Suspicious Scope of Business Australia Appointed Representative(AR) Revoked High potential riskCompany profile
Overview of VOREX
VOREX, founded in 2008 and based in Georgia, is a financial service provider that offers its clients access to a wide range of global markets. Traders can engage in trading activities involving global stocks, cryptocurrencies, commodity futures, and foreign exchange. VOREX caters to a diverse clientele, including seasoned traders, novices, fund managers, and institutional clients, providing them with comprehensive trading services and solutions. Whether clients are experienced professionals or new to trading, VOREX aims to meet their unique trading needs and support them in achieving their financial goals.
Is VOREX legit or a scam？
This broker is not regulated, and it is important to be cautious and understand the associated risks. Furthermore, WikiFX has received 38 complaints about this broker in the past 3 months, indicating potential concerns and the possibility of a scam. Traders should conduct thorough research and exercise caution before engaging with this broker to ensure the safety of their investments.
Pros and Cons
VOREX offers several advantages, including access to a diverse range of financial markets, dedicated and multilingual customer support, and a proprietary trading platform for a unique trading experience. However, it is important to note the potential risks associated with the lack of valid regulation and the high number of complaints received by WikiFX, indicating potential issues. Additionally, transparency on certain aspects such as spreads and regulation is limited. Traders should carefully consider these pros and cons before engaging with VOREX to make informed decisions.
| Pros | Cons |
| Access to diverse range of financial markets | No valid regulation, posing potential risks |
| Dedicated and multilingual customer support | High number of complaints indicating potential issues |
| Proprietary trading platform for a unique trading experience | Lack of transparency on certain aspects such as spreads and regulation |
Market Instruments
VOREX offers investors the opportunity to access a wide range of mainstream and popular financial markets. The brokerage platform provides a variety of trading assets, including foreign exchange, indices, commodity futures, international shares, energies, and precious metals. With a single account, investors can conveniently trade across multiple financial markets, allowing for diversification and the exploration of various investment opportunities. This streamlined approach simplifies the trading process and enables investors to manage their portfolios efficiently. By offering access to a diverse range of trading assets within one account, VOREX aims to provide a comprehensive trading experience for its clients.
How to open an account？
Opening an account with VOREX is a simple and easy process, and there are several straightforward steps for you to follow:
1. Click “Create an account” on the homepage of VOREX
2. Fill out some required details, including name, a valid email address, password.
3. Go to your mailbox and verify your ID by upload some identification documents.
4. Fund your account and start to trade with this brokerage.
Trading Platform
VOREX distinguishes itself by offering a proprietary trading platform for traders to utilize, instead of the widely recognized MT4 or MT5 platforms. On their official website, VOREX provides a download link for their platform, which is compatible with Windows, Android, and iOS devices. This bespoke trading platform is specifically designed to cater to the needs of VOREX's clients, providing them with a unique trading experience. Traders can access the platform on various devices, enabling them to trade conveniently and efficiently. By offering a proprietary trading platform, VOREX aims to provide its clients with a specialized tool that meets their specific trading requirements.
Copy Trading
VOREX emphasizes its self-developed VMT trading system, which offers clients the convenience of one-click copy trading. Copy trading is a strategy that enables inexperienced traders to replicate the trades of successful traders, potentially increasing their profit potential. With VMT, clients can easily select and follow the trading activities of experienced traders, allowing them to benefit from their expertise and potentially achieve better trading outcomes. The one-click functionality simplifies the process, making it accessible even for those new to trading. By providing copy trading capabilities through its VMT trading system, VOREX aims to empower clients to make informed trading decisions and potentially enhance their trading performance.
Customer Support
VOREX caters to a diverse range of traders by offering its official website in four languages: English, Traditional Chinese, Japanese, and Simplified Chinese. Traders who have inquiries or encounter trading issues can reach out to VOREX through various channels. They can fill out a contact form on the website, providing the required details and waiting for a response. Alternatively, traders can contact VOREX via email at support@vorextrading.com.au. The company's office address is located at Krtsanisi district, Krtsanisi II lane, N 15, building 3, apartment 42, Tbilisi, Georgia. Additionally, traders can stay updated and engage with VOREX through popular social media platforms such as Facebook, Twitter, and Instagram. These communication channels provide traders with convenient ways to connect with VOREX and seek assistance when needed.
Conclusion
In conclusion, VOREX provides traders with access to a wide range of financial markets, multilingual customer support, and a proprietary trading platform for a unique trading experience. However, the lack of valid regulation and the high number of complaints received raise concerns about potential risks and issues. Additionally, transparency on certain aspects such as spreads and regulation is limited. Traders should carefully evaluate these advantages and disadvantages before considering engaging with VOREX to ensure the safety and suitability of their trading activities.
FAQs
Q: What markets can I trade with VOREX？
A: VOREX offers access to a variety of financial markets, including global stocks, cryptocurrency, commodity futures, and foreign exchange.
Q: Is VOREX a regulated broker？
A: VOREX currently does not have valid regulation, so traders should be aware of the associated risks.
Q: How can I contact customer support at VOREX？
A: You can reach out to VOREX's customer support through a contact form on their website or via email at support@vorextrading.com.au.
Q: Does VOREX have a demo account for practice trading？
A: VOREX does not provide information regarding the availability of a demo account on their website.
Q: What languages is the VOREX website available in？
A: The VOREX website is available in English, Traditional Chinese, Japanese, and Simplified Chinese.
Q: Where is VOREX located？
A: VOREX is based in Tbilisi, Georgia, with the office address at Krtsanisi district, Krtsanisi II lane, N 15, building 3, apartment 42.
Q: Can I follow VOREX on social media？
A: Yes, VOREX can be followed on popular social media platforms such as Facebook, Twitter, and Instagram.
Rating Index
VOREX Similarly Rated Brokers
Latest Reviews
FX1506418892
Australia
My experience with VOREX has been disappointing. The fact that they are not regulated raises concerns about the safety of my funds and the legitimacy of their operations. I've also noticed a high number of complaints about this broker, indicating potential issues and the possibility of a scam. The lack of transparency on certain aspects, such as spreads and regulation, is concerning, as it leaves me uncertain about the true costs of trading with them. Moreover, I find it frustrating that they don't offer a demo account for practice trading, making it challenging for new traders to familiarize themselves with their platform. The limited contact options for customer support, only through a contact form or email, have been inconvenient and slow in getting responses. Considering these drawbacks, I would advise traders to be cautious and thoroughly research before considering VOREX as their broker.
Neutral
2023-07-17
cindy12370
Taiwan
After a friend introduced the platform, it was normal at the beginning, and then there was an anniversary event. After being abducted by a friend, I was deceived into making a deposit. At the end of the event, the deposit did not meet the standard and I could not enjoy the discount. The regulations force you to complete the deposit standard, and now I don't know what to do
Exposure
2022-09-06
Kage Oda Tsiew
United States
I've been trading with VOREX for over a year now, and I must say, the platform offers a unique and diverse trading experience. The proprietary trading platform is easy to use and works seamlessly on my Windows laptop and Android phone. The range of tradable assets, from forex to commodities and even international shares, allows me to diversify my portfolio conveniently. The customer support is responsive and multilingual, which is a big plus for someone like me who occasionally needs assistance. The copy trading feature with VMT is a game-changer – making it simple for me to follow experienced traders and potentially boost my profits. Overall, VOREX has been a reliable partner in my trading journey
Neutral
2023-12-08