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Is Vide Forex a Scam Broker?
Vide Forex emphasizes its trading services for forex, CFDs, and options. Brokers who put the stress on riskier trades tend to be suspect because these trading products are most commonly associated with scams. That isn’t to say any broker that offers CFDs, options, and forex is dodgy, but the more volatile assets attract shady schemes. Vide Forex boasts of having 5,000 clients with a trading volume of $4 million. However, its license is not something to brag about.
Is Vide Forex a Scam or Legit Broker?
Vide Forex apparently holds a license from the Marshall Islands, which is a low-grade regulator. In some cases, having a low-quality license is not much better than having no license at all, since Marshall Islands regulators rarely provide oversight and are not active in pursuing customer complaints. Vide Forex also claims it returns traders 1% daily, which is an impossible guarantee.
Here are some problems we have discovered from our research on Vide Forex and reviews:
- Low-grade license
- Unrealistic guaranteed returns
- Pushes risky assets
- No contact information
- Bad reviews
Broker Complaint Registry experts have examined Vide Forex and suspect it may be a scam. If you want to trade, do some research and select only a regulated broker. If you need assistance finding a reliable broker or require fund recovery from a scam broker, consult with our professionals right away.