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Two V Forex (twovforex.com) is an illusional forex trading platform. Those who have opened accounts and traded on the platform are up in arms. The platform seems to block each withdrawal attempt. Members have tried reaching out to support but to no avail. Those who have vested with the platform don’t know the next move. We believe TwoVForex is another exit scam. Here’s our candid TWO V FOREX REVIEW.
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The about us page claims a team of established traders founded the platform. That was way back in 2019. The platform lists its values as integrity and superior customer service. That’s not the case.
The opposite is the case with a mission statement of making online trading delightful. Those who have engaged with the store want nothing else but an end to it. A platform that withholds funds from members is not a safe place to invest or trade.
Countless complaints were lodged against the platform. As a result, regulators in most jurisdictions have started an investigation. Unfortunately, we believe the outcome will be the same as ours. It’s high time we exposed the red flags found on the platform.
Apart from withholding funds, the platform also fails to guarantee security. When trading on the platform, the chances of getting hacked are greater. The platform fails to offer DDoS security or SSL encryption on their platform.
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And that’s why we have to draw the line regarding trading with Two V Forex. The platform is an utter disgrace of a trading platform. More and more complaints are coming out, which points to a disturbing pattern.
Most likely, the platform is an exit scam and plans to run away with funds. With no security guarantees, the platform will block all withdrawals. Soon, member accounts get deleted with no way of recovering funds.
Experts recommend doing due diligence before signing up with any platform. We insist on using safe and proven platforms by the trading community. So make sure to ask questions about the platform before committing any funds.
There are not any advantages seen apart from having a world-class trading platform. However, this is not an advantage as members won’t get any withdrawals. So, despite using MT4 and MT5 trading terminals, you won’t enjoy the fruits of your labor.
Before you engage with any platform, it pays to weigh the pros and cons. That will give you a clear indication of what to expect with the platform. And that’s what you need as a trader on any platform, the dos, and don’ts of a platform.
If the cons outweigh the pros, there’s no need to sign up with the platform. And that’s why we must expose the platform for failing to provide fair trading conditions. The best platform is fair and safeguards your interests.
Experts recommend MT4 and MT5 trading terminals because of their ease of use. You can integrate the platform with desktops, mobiles, and tabs. In addition, the terminals offer users reliable tools that make trading easier.
These tools include technical analysis and other features. The terminal is stable and quick at executing trades. You also get a platform available on all devices, such as Android and MAC. It makes it possible to trade on the go.
Two V Forex provides three account types to choose from. These include VIP, Standard, and Prime. Each of these accounts brings a different set of features to the table. These include minimum deposit and trading conditions.
Let’s take a closer look at each account.
VIP
You have to deposit a minimum of $10 with the VIP account, which seems fair. There are no commissions with leverage set at 1:1000. Traders get a market execution model with a margin call and stop out set at 50 and 10 percent, respectively.
Standard
Members have to deposit $100 to get started with the standard account. It has more exciting features than the VIP account. There are also no commissions on this one, with spreads starting at one pip. Traders get all trading instruments.
Prime
There’s a minimum deposit of $200 with this trading platform. Leverage on all trading instruments is 1:500. There are no commissions with a margin call and stop-out level at 50 and 30 percent, respectively.
What’s clear with these accounts is the high leverage that puts your trading position at risk. The leverage is a high risk, and only the platform gets to benefit either way. You get a platform that will likely not let you protect your trading volume.
Another issue we have with the platform is the demo account. Instead of having a demo account with the MT5 integrated, you have a buy/sell option. How are clients going to learn about the condition set?
There are no affiliate programs meant to drive more sign-ups. Instead, the platform will promise members a percentage of all affiliates’ deposits. However, before you jump and sign up with the affiliate, there are a few key issues to note.
One, the platform is only interested in your connections. Two, the platform won’t release any commissions to affiliates. Finally, remember that this is another exit scam waiting to take advantage of members.
There are four classes of trading instruments available on the platform. These include commodities, forex, indices, and stocks. Commonly traded commodities include crude oil, natural gas, sugar, and wheat.
Forex trading happens to be the epicenter of the platform’s trading activities. You get to trade major and minor currency pairs. With the high leverage, it doesn’t make sense to trade as your position is at risk.
Indices help day traders predict goods from international markets. These include markets such as DAX, Dow Jones, NASDAQ, Nikkei, S&P 500, etc. So you get to help shape the prices of goods on an international scale.
Lastly, we have stock trading, which is one of the oldest assets. Traders get to own a piece of a company share and later sell it; for example, you can trade shares from leading companies in the manufacturing and tech industries.
Two V Forex LLC is the parent company listed as the platform owner. It’s registered in St. Vincent and the Grenadines. That means the platform is too offshore for us to consider opening an account.
The platform does not enjoy any forex regulation. No certificates prove the platform received any license from forex regulators. And that leaves members in a tricky spot as no one will come to their aid.
There’s no safety of funds with the platform. It doesn’t segregate accounts or offer insurance cover for deposits made by members.
Please stay away from an offshore and unregulated trading platform.
Note: Go for proven crypto investments that guarantee safety.
Do leave a comment or email us with any queries.
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