Trade Vision Group Review 1
Warning, this company Trade Vision Group does not have any regulatory license, I advise everyone to stay away from such companies. It is very likely to be a scammer.
Trade Vision Group Forex Broker provides real users with * positive reviews, 1 neutral reviews and * exposure review!
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Warning, this company Trade Vision Group does not have any regulatory license, I advise everyone to stay away from such companies. It is very likely to be a scammer.
Summary: The Trade Vision Group has garnered overwhelmingly negative reviews due to its unregulated status and multiple warnings from financial authorities. Key concerns include a lack of transparency, poor user experiences regarding withdrawals, and the absence of a legitimate trading platform.
Note: It is important to highlight that Trade Vision Group operates across various jurisdictions, which complicates its regulatory standing. This review is based on a comprehensive analysis of multiple sources to ensure fairness and accuracy.
Criteria | Score (out of 10) |
---|---|
Account Conditions | 2 |
Tools and Resources | 1 |
Customer Service | 1 |
Trading Experience | 2 |
Trustworthiness | 1 |
User Experience | 2 |
Regulatory Compliance | 1 |
We rate brokers based on user feedback, regulatory status, and overall transparency.
Founded in 2021, Trade Vision Group is an online trading platform operated by Lencher Expro LLC, based in Saint Vincent and the Grenadines. The broker claims to provide access to various trading instruments, including forex, commodities, indices, shares, and cryptocurrencies. However, it lacks a reputable regulatory license, which raises significant concerns regarding its credibility and safety for investors.
The platform reportedly offers a web-based trading interface but does not support widely accepted platforms like MetaTrader 4 or MetaTrader 5. Additionally, there is no demo account available for potential users to test the waters before committing funds.
Trade Vision Group operates without any regulatory oversight, which is a major red flag for potential investors. The Financial Services Authority (FSA) of Saint Vincent and the Grenadines does not regulate forex brokers, leading to an influx of unlicensed entities. Furthermore, the broker has been blacklisted by multiple financial authorities, including Germany's BaFin and the UK's FCA, due to its dubious practices. This lack of regulation means that traders have no protection for their funds, making it a risky choice for investment.
The specifics regarding deposit and withdrawal methods are scant, as the broker requires account verification to access this information. However, it is known that Trade Vision Group accepts credit and debit cards, as well as wire transfers. Users have reported significant challenges when attempting to withdraw funds, often facing prolonged delays or outright refusals. According to various reviews, many users have expressed frustration over the withdrawal process, indicating that their requests were ignored or met with unreasonable conditions.
Information about the minimum deposit requirement is not publicly available, which is another concerning aspect of Trade Vision Group. The absence of transparency surrounding this fundamental aspect of trading is alarming. Additionally, the broker reportedly offers bonuses, but the terms are unclear and often lead to complications when attempting to withdraw profits. Users have noted that in order to withdraw any bonus or profits, they must meet high trading volume requirements, which are often impractical and could lead to additional losses.
Details regarding trading costs, such as spreads and commissions, are not disclosed by Trade Vision Group, making it difficult for potential traders to assess the overall cost of trading with this broker. The absence of clear information about leverage also raises concerns, as high leverage can amplify both profits and losses. Without transparency, traders may find themselves in precarious financial situations.
Trade Vision Group claims to provide a proprietary web-based trading platform. However, there is little to no information available about its features or functionalities, and users have reported that it lacks the tools and resources available on industry-standard platforms like MT4 or MT5. This lack of a reputable trading platform is a significant drawback, as it limits traders' ability to execute trades effectively and manage their portfolios.
The broker does not accept clients from the United States, which may limit its user base. Furthermore, customer support appears to be lacking, with users reporting difficulties in reaching out for assistance. The absence of a robust customer service framework can lead to further frustrations for traders, especially when dealing with withdrawal issues or technical difficulties on the platform.
In summary, the Trade Vision Group presents a multitude of red flags for potential investors. Its unregulated status, poor user reviews, and lack of transparency make it a risky platform for trading. The absence of a reputable trading platform and the challenges faced by users in withdrawing funds further exacerbate concerns.
For those considering an investment with Trade Vision Group, it is advisable to conduct thorough research and consider regulated alternatives that provide adequate protections and a transparent trading experience.
Trade Vision Group Review indicates that this broker should be approached with extreme caution, if at all.