VQinvest Review: Is Vqinvest.org a Trustworthy Broker?
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Vqinvest.org Review
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Fund Safety
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Customer Support
Summary
VQinvest does not have terms and conditions. These are the guidelines that help investors understand what to expect from a broker. In case of any dispute, the matter can be resolved in court. Offshore firms turn to change their terms and conditions overnight without giving notice. They do this to suit their greedy needs.
VQinvest tries very hard to appear like an authentic investment company. The platform has only been in the market for 1 year. During this time they have not made any effort to present audited trading performance. There are many red flags surrounding the entity. Stick with us as we unravel this offshore scheme.
We tried digging to see whether there was any information about the founder and the team. Unfortunately, there’s no adequate information to reveal the individual behind this nightmare. Any company operating anonymously should be avoided.
Such individuals tend to disappear without giving notice. On the other hand, legitimate crypto platforms operate in full transparency. You will find adequate information about the parent company, and the educational background of the account manager, and financial analyst. Investors are rest assured that their money is in their hands.
Vqinvest.org Review
Investors will not enjoy peace of mind because there’s no guarantee the company is involved in investment activities. There is no financial body that supervises the activity of the broker. Investors’ data is also at risk. Offshore entities tend to share information about their clients with third parties.
VQinvest fails to reveal its area of operation. In most cases, shady brokers provide fake contact details. They do this to avoid being called by the authority and their victims.
Typically legitimate platforms provide an office address, a functioning phone number, and an email address. Investors can reach the company using the above information if there is any dispute. These brokers work with professional customer support. Therefore, their customers’ queries are handled on time.
VQinvest claims to be one of the best brokers in the industry. However, there’s not a single positive review from their client. It is important to check on the testimonials before depositing your hard-earned money in any entity. Many ventures are using false information to entice traders.
Regulation Status of VQinvest
The first thing you should always check is the regulatory status of any broker. Various jurisdictions have set strict rules to protect investors from scammers.
Such requirements include the deposit of huge capital in top-tier accounts. This proves an entity can successfully run its business without defrauding customers. Investors’ money should also be kept in segregated accounts. In the event of bankruptcy, traders stand a chance of receiving compensation.
VQinvest does not have terms and conditions. These are the guidelines that help investors understand what to expect from a broker. In case of any dispute, the matter can be resolved in court. Offshore firms turn to change their terms and conditions overnight without giving notice. They do this to suit their greedy needs.
The broker is operating from Saint Vincent and the Grenadines (SVG). The local financial body does not license forex entities or any other online investment activity. Therefore, any broker operating from the island is not overseen by any financial watchdog. Be mindful as some of these rogue ventures use fake information like faking their license.
VQinvest Trading Conditions
VQinvest provides a web-based trading platform. The software lacks sophisticated features. Most traders will not find it useful. Also, the interface is prone to manipulation.
The venture advertises a tight spread of 0.4 pips. They do not mention anything about commission or other parameters. The leverage can go as high as 1:1000. The higher the cap the greater the risk. This is the reason why financial bodies have restricted leverage to 1:30 in the EU and 1:50 in the USA.
Final Verdict
VQinvest lists multiple trading products but we have proven the company is untrustworthy. The company lists multiple payment methods but they only accept funds via cryptocurrency which is untraceable and irreversible.
Invest with genuine crypto entities that observe the safety of your money. These ventures have transparent withdrawal requirements. You can earn passive income while you improve your trading skills.
