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Ventura Prime FX (Vpfx.net) VPFX is another platform claiming to be regulated and yet, is blacklisted by European authorities. VenturaPrime FX is claiming to be LFSA regulated which is far from the truth. VenturaPrimeFX is a clear scam pouncing on unsuspecting investors. The review is meant to highlight the tricks used to entice investors to sign up with them. Read this genuine VENTURA PRIME FX (VPFX) Review for more details.
When it comes to their actual trading background, a lot leaves to be desired. With no trading history or information regarding their experience, this remains to be a scam. An alert has been issued by CONSOB regarding the use of this platform. Ventura Prime FX Limited is the company claiming to operate and own the website. A look at company register in Asia reveals no such company exists. The platform claims to be located in Malaysia which means they are offshore brokers.
Anonymity is a huge problem Ventura Prime FX is mute on who actually owns the platform. Names of founding members or staff members are not posted on the website. If the platform was a success as they claim, there would be names of investors. These scam artists are using anonymity to hide their real motive. The platform is a clear scam and is targeting European investors. Newbie investors are also at risk of falling into this trap. The best way to remain safe when trading is by using accurate and approved Forex brokers.
Ventura Prime FX is offering a number of assets including Energies, Forex, Indices, Precious metals, and shares. The energy assets listed in the website include Brent, Crude, and natural gas. Forex trading assets include currency pairs such as AUD/USD, USD/JPY, CAD/CHF, among others. The indices listed as part of their assets are Dax, Dow Jones, NASDAQ, and S&P500 among others. Precious metals listed include XAGUSD and XAUUSD. Shares listed are from leading companies such as Alibaba, Apple, Bank of America, Boeing, among others.
According to the trusted domain register whois.net, vpfx.net was created recently. Records show the website was created on 9th January 2020. These scam artists will do or say anything to try and make their platforms appear legit. And they do so by claiming to have years of trading experience. These scam artists have nothing else better to do than steal from unsuspecting investors. With a recently created website, it proves the platform lacks credibility. And this is one reason to stay away from it.
The platform claims to reward businesses and clients for introducing clients to them. They claim to offer competitive rates with over 200 trading programs. Scam artists will promise to pay commissions for affiliate programs which never materialize. Most people are held responsible for being an accessory to online fraud. It is best to stay away as no member has received any commission. The introducing broker schemes are a plot to get more investors to sign up with their bogus platforms.
Scam artists will do or say anything to try and make their platforms appear legit. The do this by claiming to be regulated by a renowned regulator. In the case of VPFX, they claim to be regulated by Labuan Financial Service Authority. A check with the official website of LFSA reveals no such claims. The search results turned negative as the platform is a clear scam. And this is another reason why you should stay away from this illicit platform. Stay away or else become another victim
Ventura Prime FX is not licensed or regulated to offer any trading services. The platform has no valid trading license and is operating under false pretense. These scam artists are posting false information on their website. They even fail to post their license number or company registration number. A real trading platform will post these vital details for all to see. The entire platform lacks copies of their license and registration document. Anyone who signs up with an unlicensed entity is bound to lose their funds.
Ventura Prime FX is furnishing traders with three account types. Accounts listed include Standard, VIP, and Elite. Minimum deposit is $100 which goes to show they are targeting newbie traders. Any platform that goes below the set industry minimum deposit price plans to scam newbies. The industry has set $250 as the acceptable minimum deposit for all to use. These accounts have spreads from 1.2, 0.7, and 0.2. The leverage set is 1:500 and 1:200 for elite account members.
A real trading website will offer live chat support which is effective and efficient. Use of emails is outdated as they may take long for users to get a clear response. And we have a problem with the fact that these scam artists are collecting data. Steer clear from such platforms which don’t offer direct contact channels.
Another feature that they have misused is the demo account. Their demo account works well since it is using MT4 framework. These scam artists know traders will want to test their platform and thus, use a legitimate framework. Once you trust the demo account, investors open a real account where problems start to emerge. The real account does not use MT4 or MT5 trading platform as expected.
The platform has listed a number of depository channels for traders to use. These depository channels include Bank transfer, FasaPay, MasterCard, Neteller, Skrill, and Visa. The main issue is that these scam artists will receive funds with open arms. When it comes to withdrawing funds, all hell breaks loose. We could not get any member who has withdrawn funds with this platform. Withdrawal is still the biggest challenge facing the platform. And this is proof Ventura Prime FX is a scam.
Ventura Prime FX is using a custom made platform to trade. Their custom made platform has more than a few errors. Lack of rigorous testing makes it vulnerable to third party attacks. The platform has no real trading security features. Traders will notice the platform is slow at executing trades. And this is as a result of bugs on the trading platform. Lack of proper security firewall makes the platform an easy target for hackers. Credit card information is at risk of falling into the wrong hands.
When it comes to safety of funds, Ventura Prime FX is far from providing the secure services. As a result of failing to get a trading license, it means deposits are not insured. A real trading platform must deposit funds as expected by law. These scam artists will never compensate traders once the platform winds up. Ventura Prime FX (VPFX) is also pooling funds in one account. By this we mean members are depositing funds straight to owner’s bank account.
The results are clearly showing Ventura Prime FX is a scam pouncing on unsuspecting investors. Stay away from the platform by blocking all promotional materials. Mark their emails as spam and never click on any links sent.
By adding this platform to our scam blacklist, we will help readers avert a huge scam. Use approved and recommended products such as dedicated Forex trading robots.
Continue reading our reviews for clear and vivid information regarding online trading products and services.
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