What is VXRS TRADE？
VXRS TRADE, founded in 2023 and based in the United States, is a relatively new entrant in the trading industry, offering investment opportunities in Forex, stocks, cryptocurrencies, and gold. Despite its ambition to satisfy both wealthy and average investors, one of the main drawbacks is the lack of regulation. Additionally, as a newly established company, it lacks a proven track record. While the platform provides accessible features such as a demo account and a low minimum deposit of $25, these benefits are overshadowed by the risks associated with unregulated trading environments.
Pros & Cons
Pros:
Low Minimum Deposit: With a starting investment requirement of just $25, VXRS TRADE is accessible to beginners and those looking to invest small amounts.
Diverse Market Instruments: Offers a range of trading options including Forex, stocks, cryptocurrencies, and gold, allowing portfolio diversification.
Demo Account Available: Users can practice trading without financial risk, which is beneficial for beginners to learn and test strategies.
Cons:
No Regulation: This is a critical concern. Regulated brokers are overseen by financial authorities who set rules to protect investors. Unregulated platforms like VXRS TRADE don't have these safeguards.
Newly Established: Founded in 2023, the platform lacks a proven track record and long-term reliability.
High Withdrawal Fees (10%): The 10% withdrawal fee is significantly higher than the industry standard. This high fee can significantly reduce your profits.
Locked Capital with Bonus: If you accept a bonus, you can't withdraw your original investment for 90 days. This essentially locks up your money and limits your ability to access it if needed.
Is VXRS TRADE Legit？
VXRS TRADE's legitimacy is highly questionable due to several red flags. The biggest red flag is the lack of regulation. Unlike established brokers, VXRS TRADE isn't overseen by financial authorities. These authorities protect investors by ensuring fair practices and holding brokers accountable. Without this safeguard, recovering your money or seeking recourse in case of problems becomes much harder.
Market Instruments
VXRS TRADE claims to offer various investment options, including Forex, Stocks, Cryptocurrencies, and Gold.
Forex: VXRS TRADE claims to provide access to the Forex market, where you can trade currencies like USD, EUR, GBP, and JPY. This market is known for its constant activity and high liquidity.
Stocks: VXRS TRADE gives you access to trade stocks from various global markets, allowing you to invest in individual companies and potentially benefit from price movements and dividends.
Cryptocurrencies: VXRS TRADE supports popular cryptocurrencies like Bitcoin and Ethereum. This market is known for its high volatility but also for the potential for significant returns.
Gold: VXRS TRADE offers gold as an investment option. Gold is traditionally seen as a safe-haven asset used to hedge against inflation and economic uncertainty.
Investment Plans
VXRS TRADE has presented an expanded range of investment plans, including Beginner, Starter, Opportunity, Saving, Bronze, Gold, Platinum, and Millennium.
These plans offer increasing minimum deposit amounts, ranging from $25 for Beginner Plan to an unknown amount for higher tiers. VXRS TRADE claims daily profit for deposits ranging from 0.50% to 1.50% (potentially higher for Gold, Platinum, and Millennium Plans).
While these features are attractive, they could be a tactic to downplay risks and lure people into depositing more later. Additionally, VXRS TRADE limits a commission capping for different plans, ranging from $20 to $20,000.
Deposits & Withdrawals
To deposit funds, you first need to send the equivalent amount in dollars through Binance. You then go to the fund transfer option on your VXRS TRADE account and copy the Binance wallet link. After entering the amount equal to the deposit and the wallet link from which you will send, the balance for your deposit should appear in your VXRS TRADE account.
When it comes to withdrawals, you can request a withdrawal at any time, but the approval process takes up to 72 hours. The minimum withdrawal amount is $25, and there is a 10% withdrawal charge. It's important to note that if you have received any bonuses, your capital will be locked for 90 trading days. After this period, or at any time thereafter, you can withdraw your capital. However, your returns on investment (ROI), referral earnings, and level of income can be withdrawn at any time.
Customer Service
VXRS TRADE provides customer service primarily through email at support@VXRSTRADE.COM. Additionally, they offer an enquiry form on their website, which allows you to submit questions or concerns directly through the site. This form requires you to provide your name, email address, phone number, subject, and message.
Conclusion
VXRS TRADE appears tempting at first glance, with a low minimum deposit and a range of investment options. However, a closer look reveals some significant issues.
The major drawback is the lack of regulation, which could impact investor protection. Additionally, the advertised daily profit claims seem unrealistic. Furthermore, the high withdrawal fees and limitations on accessing your capital due to bonuses make it difficult to actually profit from your investments.
We strongly advise you to avoid it and look for established, regulated brokers that prioritize transparency, clear communication, and your financial well-being.
Frequently Asked Questions (FAQs)
Is VXRS TRADE a legitimate platform？
VXRS TRADE's legitimacy is questionable due to the lack of regulation.
What are the minimum deposit requirements？
VXRS TRADE boasts a low minimum deposit of $25 for their Beginner Plan.
How can I deposit funds into my VXRS TRADE account？
To deposit funds, you need to send the equivalent amount in dollars through Binance. Then, go to the fund transfer option on your VXRS TRADE account, copy the Binance wallet link, enter the deposit amount and the wallet link.
What is the withdrawal process of VXRS TRADE？
You can request a withdrawal at any time, but it will be approved within 72 hours. The minimum withdrawal amount is $25, and there is a 10% withdrawal charge.
Can I withdraw my capital at any time？
Yes, you can withdraw your capital at any time. However, if you have enjoyed any amount of bonus, your capital will be locked for 90 trading days.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
