VIG Investment Review: 6 Reasons to avoid

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VIG Investment Review: 6 Reasons to avoid

VIG Investment ( claims to help build your wealth. We all know that’s far from the truth. After depositing funds with the broker, that’s the last time you will see them. We have a broker who doesn’t offer much in terms of trading solutions. Our review exposes all the red flags found on the platform. We explore why this broker is a huge scam. Here’s our candid VIG INVESTMENT REVIEW.

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About VIG Investment

The about us page talks of VIG Investment being a leader in online trading solutions. We don’t see any background or history of the broker. And that is one of the many reasons to avoid this platform.

VIG Investment features; pros and cons

There’s no accountability or transparency with You have to get the trust of a broker or else risk everything. No one wants to end up like the members whose withdrawal balance remains in limbo.

You stand to risk more and even lose your entire deposit with the platform. The broker blocks withdrawals by claiming you have to withdraw after 90-days. There are no same-day withdrawal options available for members.

As such, the broker doesn’t comply with trading regulations or offer fair trading practices. And that’s another reason to avoid this broker. You have a broker who’s only interested in your funds, nothing else.

Before investing with any broker, we recommend doing due diligence. Try and find out what makes the broker stand out. It would be best if you went for compliant brokers who offer fair trading conditions.

How does the VIG Investment scam work?

The scam is intricate; you deposit funds, start trading, and earn a profit or loss. The broker has an enticing web layout that makes the broker seem ideal. When the time comes to withdraw funds, all hell breaks loose.

You get a platform that doesn’t offer much in terms of accountability. You won’t get a valid reason why withdrawing funds is impossible. Instead, the broker claims your withdrawal target wasn’t reached or some other excuses.

The broker blocks your account when you try to call or send emails. That’s what’s happening inside the platform. So don’t fall for the aesthetics that don’t offer much in terms of sensible trading conditions.

Is the MT5 trading platform ideal?

Using MT5 is the best investing tool; this terminal offers trading solutions. MT5 is a multi-asset trading platform that gives investors access to several trading tools. In addition, newbies get the chance to use the platform and improve their skills.

With the MT5 trading platform, you can customize the settings to suit your trading style. There’s also the likelihood of using advanced charting tools and technical analysis. You also get the option of automated trading.

Other advantages of using MT5 include a secure and stable platform. In addition, it’s easy to use with superior charting tools. You also get 21 timeframes and a chance to discover more about trading with the demo account feature.

That’s probably another reason the broker gets to entice members to sign up. Unfortunately, despite using this illustrious terminal, you still won’t get to withdraw funds. A request to withdraw funds is met with several excuses as to why withdrawal is impossible.

Accounts and plans VIG Investment

Accounts VIG Investment

Surprisingly, the broker claims to offer multiple accounts, but that’s not the case. When you sign up, you get to use one trading account. There are no accounts for different classes of investors. And that’s why we must focus on the account features.

The broker fails to mention the acceptable minimum deposit. And that’s a tactical move as they will call you and ask for deposits exceeding $1,000. The broker claims the more your deposit, the higher your chances of winning.

Most members claim they were asked to deposit $5,000 to get the best out of trading. Some decided against it and deposited less than that. There’s a reason why regulators accept $250 as the minimum deposit.

Despite the high deposit value, no member can withdraw part of the principal. If you decide to withdraw half of your deposit, the broker insists that’s impossible. However, a genuine broker will allow same-day withdrawals with ease.

Account opening VIG Investment

Opening an account with this broker is another reason you must avoid it. The account opening process is questionable due to the verification aspect of it. Opening an account requires filling out a form and funding the account.

The first time you hit the withdrawal tab, the platform tries to verify the account holder. Then, you get a request to upload sensitive documents, including a copy of your ID, bank records, and credit card statements.

We don’t see why the broker would be asking for such documents. There are other ways of validating a person. Using a two-factor authentication process is what you need. And that’s why we believe this broker is up to no good.

The broker may be selling your data to third parties. For example, hackers can use these documents to access your bank accounts. Worse still, these hackers can create another online persona using your documents.

Assets and trading instruments VIG Investments

There are three trading assets available on the platform. These include commodities, forex, and indices. It’s shocking the broker doesn’t want members to spread risks with cryptocurrencies and stocks.

Most of the commodities found are naturally related. These include crude oil and gas from the UK and the United States. Other commodities are those from agricultural produce such as corn and earth metals.

Forex assets include 40 major currency pairs. The major currencies are AUD, CAD, CHF, EUR, GBP, NZD, and USD. You can also trade with other pairs, such as Mexico’s Peso against the US Dollar.

A collection of stocks is what you find under indices. You get to trade on the global stock markets. We counted 15 different index markets to trade with. These include AUS200, GER302, and FTSE 100.

False award claims

Broker’s founding members

The platform remains shut on who owns or runs the store. And that makes VIG Investment an anonymous brokerage firm. That’s why it’s becoming hard to recover funds from them. Hiring recovery agents won’t do the trick.

You have to avoid anonymous brokers or risk losing your investment entirely. There’s no information on the business registration or founding members. We don’t have a clue about who’s running the show.

Contact and support

With the broker claiming to be the best, communication is the worst. You can only write emails and wait or instead hope for a response. The broker doesn’t even list a phone number one can call.

We see a broker who doesn’t want to contact their victims. Despite claiming to reside in Hong Kong, we believe that’s a false address. There’s no direct access to contacting staff members.

License and regulation VIG Investment

VIG Investment doesn’t have a valid trading license or enjoy compliance from Hong Kong’s finance regulator. And that means every time you trade, and the broker takes advantage. Regulators can’t protect you.

Are funds safe with

Your funds are far from safe with an anonymous and unregulated broker.

Our Verdict

Please stay away from a broker who doesn’t allow withdrawals.

PS: The best crypto strategies are those that offer tangible investment solutions.

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