WikiFX Review: what you should know about Virtual-Fxtrade

First of all, Virtual-Fxtrade is an officially exposed scam! The so-called brokerage was blacklisted by the regulator OSC – the securities commission responsible for financial markets in Ontario, Canada, in a publication revealing that Virtual-Fxtrade is not registered. Warnings issued by regulators serve as proof of a scam, and after the alert, we can only confirm that youll become a victim of scammers if you deposit with Virtual-Fxtrade! Here is the OSC warning:

WikiFX also paid a visit to the brokers website to find out more. Virtual-Fxtrade claims it operates from the following address in the UK:

This is not the case, of course. Doing so would require it to be licensed by the FCA, the regulatory body that oversees the brokerages in Britain. However, with the firm offering bonuses it goes against the regulatory framework, which has been established by the body. This means Virtual-Fxtrade is not only unfit to offer its services in the nation but also lying about it by omission – stay away from brokers like Virtual-Fxtrade that deceive their clients in such ways and any other offshore entity!

In addition, Virtual-Fxtrade does not even look like a Forex broker! In reality, its just an HYIP scam advertising investment plans with highly suspicious returns on investments – a promise of 500% guaranteed profit for 10 days is a scam! Such rates undoubtedly prove that Virtual-Fxtrade is fraudulent!

Furthermore, Virtual-Fxtrade has the following trading platform available:

This is actually a distribution of industry-standard Metatrader 5 – but Virtual-Fxtrade has no server on it, and the distribution belongs to Admiral Markets, which is another broker altogether. It is not possible to trade on MT5 with the broker – its clients will have to use the following instead:

This is not a platform – it is just a chart which has some kind of basic TA tools, but no ability to open and close trades. Regardless, even if the firm did offer its own MT5, that would not make it good. In fact, there are many offshore brokers who manipulate their platforms. They steal your money when you deposit and then show it being traded on the software.

The funding methods are allegedly Bitcoin, Cash App, Walmart and Bank Transfers. However, cryptos are the only direct way of depositing, as the rest of the methods require account manager support, which ultimately means that we cannot verify them as deposit options! At any rate, though, Virtual-Fxtrade is an exposed scam, so you shouldn't use any of these methods!

Now let's search “Virtual-Fxtrade” on WikiFX APP to find out more about this broker. WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. WikiFX can evaluate the safety and reliability of more than 36,000 global forex brokers. WikiFX gives you a huge advantage while seeking the best forex brokers.

As you can see, based on information given on WikiFX, Virtual-Fxtradecurrently has no valid regulatory license and the score is rather negative - only 1.05/10! WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.

Investors are advised to search relevant information on WikiFX APP about the broker you are inclined to trade with before finally deciding whether to make investment or not. Compared with official financial regulators which might lag behind, WikiFX is better at monitoring risks related to certain brokers - the WikiFX compliance and audit team gives a quantitative assessment of the level of broker regulatory through regulatory grading standards, regulatory actual values, regulatory utility models, and regulatory abnormality prediction models. If investors use WikiFX APP before investing in any broker, you will be more likely to avoid unnecessary trouble and thus be prevented from losing money! The importance of being cautious and prudent can never be stressed enough.

In conclusion, Virtual-Fxtrade is not even a remotely impressive broker, except in how shady a company can be. It lies about its whereabouts and regulation and provides another companys instance of Metatrader 5. In reality, trading with the company cannot even be done – it exists to just take your money. So much about it being an industry leader as it claims.

WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker!