Introduction of Vide Forex Review:
Scam brokers are plentiful in the market. There might be one sending a spam email to you right now as you read this Vide Forex review. Do not worry though, for we are here to help you out in deciding which brokerage firm to invest in and which do not. Apart from publishing broker reviews, we also help our customers in fund recovery in case they have been scammed by any of the scam brokers out there. After analyzing the complaint filed by you, we will provide you with the best solutions for fund recovery. In this Vide Forex review, we will be explaining in detail all the red flags that Vide Forex possesses.
About Vide Forex:
In this section of the Vide Forex review, we will be discussing all the features provided by Vide Forex.
The minimum initial Deposit offered by Vide Forex:
A well-regulated broker will always demand a minimum initial deposit as low as below $10. This is because most of the regulators advise against asking for huge amounts as a minimum deposit. However, that is not the same case with scam brokers. Scam brokers often demand huge amounts as minimum deposits just to increase the amount that they steal from the customers. In our case, Vide Forex offers a minimum deposit of $250 from their customers which is clearly a huge amount. This is the first red flag against the Vide Forex scam in this Vide Forex review.
Regulation of Vide Forex:
From the above red flag, it is obvious how this parameter will go. Despite having various fake claims on their website, upon checking with the regulators, we realized that Vide Forex is not regulated by any of the regulators around the world. Vide Forex is UNREGULATED and therefore, is not a safe brokerage firm. This potential scammer is a possible threat to all. This is the second red flag against the Vide Forex scam in this Vide Forex review.
The leverage offered by Vide Forex:
Vide Forex offers leverage of 1:500 to their customers. As shocking as this might come off to you, this was an expected red flag after encountering the first two. The leverage offered by Vide Forex is almost 10 times more than what is offered by the regulated brokerage firms. This gives us yet another red flag in this Vide Forex scam in this Vide Forex review.
The account types offered by Vide Forex:
Vide Forex offers three different types of trading accounts to their customers, namely, Silver, Bronze, and Gold.
The Silver account begins at $1000 whereas the Bronze account begins at $250. The minimum deposit for a Gold Account of Vide Forex is $3000.
Conclusion: Is Vide Forex a scam or legit?
To conclude all that has been stated above, we can safely say that Vide Forex is a potential scam. We warn our dear readers from trading with this potential threat. If you have been scammed, just file a complaint and we will give you the solutions to get your money back.
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