Vow Markets Review – 5 things you should know about Vowmarkets.com

Vow Markets Review – 5 things you should know about Vowmarkets.com

Beware! VowFX is an offshore broker! Your investment may be at risk.

Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

 

Vow Markets is a Forex brokerage with unclear corporate information. It supports the MT4 trading platform. However, there is a staggering lack of information on the website and the trading conditions remain undisclosed.

Vow Markets regulation & safety of funds

As was noted above – the website of the brokerage does not contain clear corporate information. We could not find neither the name of the company, nor the registered address. This is a major red flag and exposes the ill-minded intentions of the brokerage. It’s safe to assume that the real company (whatever it is) behind the brokerage does not fall under any regulatory oversight. We warn clients that anonymity is another serious red flag in trading since the reputation of the company is a crucial factor in creating trust between the brokerage and the traders. Putting that aside, the probable offshore location of the brokerage, the falsely presented information and the unspecified address highly incline us to suspect that potential clients of the brokerage may be open to substantial risk.

Traders needn’t have to worry themselves with such risk if they choose to trade with a brokerage regulated and authorized by a prestigious regulatory agency. Such agencies are the FCA in the UK or CySec in Cyprus which have been leading names in Forex trading for some time now. Their regulatory framework is composed of a number of strict rules which prevent clients from falling victims to fraud. Such rules include the segregation of accounts which assures that commingling with the client’s money is not possible. Furthermore, a license by such a regulatory body entails participation in a financial mechanism by which clients may be compensated if they suffer losses due to fraud or bankruptcy. With the FCA the compensation is up to 85 000 pounds, where as with CySEC it is up to 20 000 euro per person.

Vow Markets trading software

Putting that aside, the brokerage states that it provides the MetaTrader 4 which is something we do highly appreciate. We attempted to register for a demo account and and discovered a surprising range of trading options which include CFDs on currency pairs, indices, metals, commodities and stocks. However, there is no info regarding the trading conditions which means that even with a demo account we cannot be sure what the actual spreads offered by the brokerage are.

Vow Markets deposit/withdrawal methods and fees

We could not find any information regarding the available payment methods. Usually in Forex trading potential clients of a brokerage may deposit or withdraw via the standard Visa and MasterCard, as well as bank wire.

There is a staggering lack of information on the website of the broker and we find no mention of withdrawal fees, trading commissions. This is why we always advise traders to put up only the required minimum deposit, instead of risking a bigger amount with no certainty. Afterwards, they may also try to withdraw a small amount in order to check for any unexpected fees or delays. Such fees and delays are usually the signs of a scammer.

How does the scam work?

Unfortunately, the possibility of a scam looms over almost every trade in forex, especially if you are dealing with an unregulated brokerage. That is why we believe traders should be acquainted with the methods of a scam. Here is how it would typically go about:

Through clicking an ad with promises for fast money, you will be redirected to a website such as  Bitcoin Evolution or Crypto Cash where registration will require you to give your address, email and phone number. After sharing your personal information, you will being receiving calls from brokers, compelling you to invest with them and win big. After a few minutes hearing their pitches, you decide to deposit some $200-250. And just like that – the scammers take a fat commission from this initial deposit.

After they are done with you, senior scammers begin working you into putting even more money. They say it’s the only way to profit from trading even more. After making the mistake of investing even further, you’ll begin wanting to get out of this and withdraw what you have left.

Unfortunately, the con-artists have no such thing in mind. They will now begin persuading you to wait it out and not withdraw right now. The motive here is quite straightforward – traders have a limited time window for filing a chargeback with their bank and get their money back. The “recovery department” will simply want to mislead you into missing this crucial period and, along the way, losing any chance you might have of getting the money back.

What to do when scammed?

As was mentioned above, scamming is quite the common in the trading world and, sadly, even you might suffer from it. In such an unfortunate case there still may be some available options for you.

You may contact your bank or credit card provider and file a chargeback. Furthermore, due to the high instances of fraud – both Visa and MasterCard have decided to sidestep scammers as best they can in Forex trading. The first thing we have seen so far is that MasterCard has increased the previous time period of six months for filing a chargeback to a year and a half.

If, however, you have provided the broker with your credit card details, immediately cancel your credit card.

If you have given information regarding your online banking pass – you should switch it asap!

Beware of potential calls from self-described “recovery agencies”! They prey on scammed and vulnerable traders who are desperate to recover their losses. They will require an “up-front” payment to help you, but after paying them, no such help will be coming your way!

Rich Snippet Data
Review Date
Reviewed Broker
Vow Markets
Broker Rating
1.31star1stargraygraygray

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61 Comments

  1. Hello

    Unfortunately I made huge debt on this website. I think they’re able to manipulate the graph..
    I’m going to the police with this. Can I in any way prevent to pay my debt? 🙁 I live in Belgium.

    With kind regards Jonas V.

    1. Sorry to hear that. Were you contacted by a Chinese lady talking about huge returns through her investment advisors?

      1. Did you meet this chinese lady online or something?

        1. I had a gorgeous Chinese lady telling me to invest in bitcoin saying she got info from her uncle in london. But insisted I only had to use vow She messaged me on hi5 or tag app I wasn’t stupid and played along with it kept saying I was waiting on the funds to invest. Wasted a good 2 months of her time haha

        2. 我也是
          —————
          Me too

      2. Who was the Chinese lady you had maybe same one contacted me

        1. It seem like they are trying hard on Hi5 & Tagged app to scam people. I am currently in the situation where this lady from China living in Hong Kong. She was saying that this coming thursday which is tomorrow there will be a gret chance to invest and aftre days of trying the server on MT5 she advise me to open an account with VOW. Haha

  2. Evet şuan kurmaktayım. Dolandırıcı olduğunu mu düşünüyorsunuz.
    Teşekkürler

    —————————

    Yes, I’m building it now. You think he’s a con man.
    Thank you

  3. is there anyway to get money back ?

  4. same situation here. I tried to withdraw but no one answered. there is no customer center. I can’t believe how this website still works! If anyone is preparing sue or report please let me in too. I was contacted by a Chinese girl online

  5. http://www.btsmarkets.com is also using the VOWGROUP SERVER

  6. Does this Chinese girl go by the name Talia

    1. mine was Chen

      1. the chinese girl who contacted me, she was called Dong Linger.

  7. I invest USD 20,000. After 2 week i m profit USD 10,000, But until now i cannot withdraw my money.

    1. Hi.

      I also deposit 27.000 USD.. and they also don’t answer me back when i ask to withdraw the 27.000 USD… Fake company i hope they soon get arrested and in jail… I think money is lost i can’t see how we ever will get them back 🙁

      1. customor survice only LINE.
        he say ..withdraw must over 50,000 ~ under 200,000

  8. I was contacted by a few beautiful Chinese girls on Tinder, who all after a while started saying they were into investments and were getting amazing results. One called Anna I played along with for a number of months. They have a very convincing set up, she appeared to be very wealthy and could always send me pics of her life whenever I asked. I couldn’t work out if she genuinely was a millionaire or they were very good at faking it. One time she was going back to the mainland to visit her father and showed me a case of $100,000 dollars she’d drawn out for him. She would be trading every day and making big money on the Vow server. I did dummy trades and also made a lot of money. She was pushing Vow as a broker an said they were regulated by ASIC. When I checked the ASIC register with the registration number they gave me, there is a Vow Group there, but when I checked it out it was a mortgage company, totally unrelated! When I challenged her on this she broke contact. I’ve reported this to Tinder as they are being targeted by these scam groups in the East and people are possibly losing thousands. Watch out for the Chinese girls, and Vow!

    1. Thanks for review, seem like I am getting scammed! haha, lucky i do my googling before doing any steps further

    2. I’m in contact with that same Anna Lin (might not be the same though) and she showed me picture of a Bentley and Rolex she bought her father.
      Very convincing but she is never on the picture with the gifts to her father!
      She even video called me several times!!!
      Their scam is very well structured.
      For the moment I’m playing with her as she wants me to open an account on VOW.
      I see how long it entertains me before I confront her.

      1. Richard Barton

        Yes I got shown pics of a Bentley as well, and we did a video call. Does she own shops in Hong Kong and have a young daughter? It’s a very elaborate scam. Contact me on tonbar at outlook dot com if you can as she tells me she has no knowledge of any scam!

  9. The other thing is I think they are manipulating the graphs, so it seems like you’re making money every time. I tried to compare the graphs for USD/GLD etc on other websites but they never matched. They have a very clever scam operation working here and have put a lot of effort in to it.

  10. My ‘agent’ is also called Chen but he’s a male, so they are obviously using fake names. Nevertheless I have some pics and videos of him, so I reported him and the website to the cyber-police. I urge everybody else to do the same, non matter who your agent is

    1. I reported Also to Hong kong police

  11. Hi
    Same happend to me deposit 27.000 USD
    Cant get Them back all scam chinese lady and men what to do ??

  12. I wAs scammed Aldo put 20.000 USD
    Now cant get back huh huh

    Exactly same as you all text chinese organisation.

  13. I dont understand how These people Can hide from all this
    And why no one Can get Them arrested.

    Maybe no one know who they are but one send me account from Switzerland and a name and i have The
    3 phone Numbers they used on whatsapp so must be easy to catch Those bad people. The pictures They send of Them most possible of other people ofcourse but The phone Numbers from Hong kong must be possible to finD
    For police but what police to contact to contact Well hope some one know what to do to maybe get our deposit back

    1. Is the number ending in 80677. Talia her name? Am chatting with her as I type this. Want to make sure that I don’t fall for this.

    2. Hi all I got scammed probably the most money here. I feel so bad and trusted the guy I never met from online for over four months. He just wouldn’t give up, calls me and texts me everyday and every few hours. He wanted me to invest in MT5 and i knew nothing about the brokers behind the scene. I was so naive. I only looked up MT5 online and i thought it was a big company and it did not look like a scam to me. I knew nothing about Vow Group if, i wish i did and should have seen all your comments here much earlier. I just lost contact with him a few days ago and at the same time heard others talk about investing in MT5 but no one had a problem like me. They were able to withdraw and deposit money easily and usually done the same day. The guy’s Phone had been turned off for days now and unable to call through again. Both of his wechat and line had no more replies. I invested over $150,000 in January. I can not believe this, can anyone help me? I don’t even know where can I report internet fraud? Where should i report it to? And they have a copy of my ID and my bank account number, are they able to do anything anymore from this? I asked to get my money back Since January after depositing but the customer rep never fulfilled my inquiries. I got so scared then the Chinese New Year they said they were off. then the Covid 19 striked China and they had more excuses to delay the money. The customer rep wechat got banned in Feb sometime I wasn’t able to get a hold of him till the guy who took me in shared his Line contact with me and i found him again. But as of last night the customer rep also disappeared. Then i just found out this whole thing is a big time scam. Can someone advise me how i should proceed with the police?

  14. Can you share the link? Mine was Chen too

  15. I will contact the Police with all the proof i have – i think it must be Hongkong police they have a website https://www2.erc.police.gov.hk/cmiserc/CCC/PolicePublicPage?language=en

    hope you all will do the same…..

    I can see there is some website who claim they can help us to get the deposit back but they ask for a fee 10-15% of the lost funds and somehow i am not sure if they also are scammers.

    1. Sorry, Did you reported to police?

      I will reported police also

    2. I believe you should wait the police force answer. Can you contact them? which one their answer?

  16. Same Problem here. My girl was Lin… since middle of January no contact (WhattsApp wasnt online), also a manager of VOW Group… Money is still at the account but not possible to get it back. Also the website of VOW Group is not reachable… Need your help…

    1. Show me her picture….but i believe they use fake picture…

      1. That’s right they fake picture, for my case they use idol picture in China.
        I believe that is him. I request video call he show me 9 second look still younger.

        I just knew that it was a scam after ask them withdraw.

    2. I have the self problem, I tried get back my money but it’s not possible, can you find the solution? Were you report to Hong Kong or Beijing police force?

  17. I hope all these scammers suffer and die a painful death. Let’s all pray and hope the virus gets them and they won’t be cured.

  18. Apparently they now move to new website/domain. AgondaFX.com. I cant find anything online regarding this trading market, but online claim registered since 2005, but upon checked DNS record, seem only registered last year around 2019. Hence, can someone also created review for agondafx.com to remind someone else?

  19. I Got answer from Hong kong police –

    They say they cant help because website is not registret in Hong kong

    1. It’s so sad 🙁
      Do you know which country do they register website, If register in Thailand. I will reported and consult with cyber-police.

      What should we do next step. please advise

  20. I was scammed too by Chinese guy from Tinder … I lost 10000 USD… I can’t withdraw my money and this guy disappeared… he is from Hong Kong… he was sending some pictures of him but I think those pictures are fake…
    GUYS WHAT CAN WE DO? HOW CAN WE GET OUR MONEY BACK? Let’s cooperate all together and get our hard earned money back….
    It’s awful… I see they scammed many people and big amounts of money

    1. Check what i wrote at the end

  21. Wow. Seems like I’m not the only one who got caught in this. Luckily I haven’t invested any money in it. And looked around for information. How is there no regulatory system in place to find this kind of scams? How is this still under the radar?

    1. 不懂谁能帮我们
      ———————–
      Don’t know who can help us

      1. 也是一样被骗
        ———————-
        I was cheated the same way

  22. 谁能知道追回资金
    ———————
    Who knows how to recover funds

  23. Per ole romsdal

    Nobody should be so naive to put money into a company without doing some recearch. I was contacted by rich sweet chinese girl. After few days she tild me about this and urged me to trie the MT5 for free. Demo trading.
    after a few days winning play-money she said i should make real account and invest 5000$. I googled the company and here i am reading rewiews 🙂
    I still have here on whatsapp 🙂

    1. do they ask you transfer money to the swiss account? there is a nice lady form hongkong approach me exactly the same thing like you, and the agent name called chen.

    2. When i was searching in January… Google not show anything… But is Way to get money back as i wrote. At The end

  24. Haha, thanks god I found this review… Mine is called Avril, she found me on WeChat. From HK, pretty single mom, millionnaire. Sending me shots of MT5 where she makes 20000$ a day.
    I will play the game tosee how far it goes, then report it.

  25. Girl name is Talia and goes by menglu chen also in tinder. Scammers and they insist to open the account and deposit. Knowing she is fake and I am enjoying chatting with her for fun and to kill her time.

    Should report this and save all innocents who don’t research from losing dollars

  26. If someone can make with photo of driving license of Anna… I have But not all seen.

    And most important think. You can back Your money. Write to bank maila ASAP to “recall money” cuz of this is scam. I was made it 45days ago and 10 days ago i returned my money back! Minus small charge as 100$ for bank. You can make it byslef!!!

    Contact me if you want to know number and photos of this PPL or as i wrote how to return money back.

  27. I had the same story over Tinder a Lady contacted me also. I was playing around with her since December 2019. I have photos from her if someone need, maybe its the same.

    1. hey Gerald, please send me the photo thanks

  28. I am currently in talks with a chinese girl from Hong Kong , it’s the same process, she added me on tinder, she befriended me and soon she opened up about trading gold, as I don’t know anything about this I was curious, she explained gold is a great investment as this and that blah blah, etc. etc… anyways she is also sending me pics of her “car”, watches and some other expensive stuff, I don’t know if the pics on tinder is her but I doubt, now I’m on demo account using Matetrader5 and “Vowgroup’ and all the forecast(3x a day) with timing you would really ‘earn’ they may have a great software to do this, she video called me but she was using mask she say not using make up. She have difficulty in speaking English. My girl name is Lin Meisha, she also took pic of a “couple watch” and telling me it’s her gift to me when we meet. But I won’t invest even if she insist on the topic every now and then , I will just play along till she drops me…we are still chatting at this moment. I hope this would stop as not all of us are knowledgeable on stocks and trading. I hope there is a way that this people are gonna be exposed. I read an article that by using this they were able to cheat a lot of males with over HK 13 million. This article in south China Morning post is all the same story we have, https://www.scmp.com/news/hong-kong/hong-kong-law-and-crime/article/2155046/10-sweet-talking-pretty-girls-among-suspects. But I have a picture that I think it’s legit as I ask my girl for a video when she was at the gym and somewhat tha ‘gym’ coach caught her face(blurry on screenshot ). By the way there is a number in the article to call for people who got scammed. The group she ask me to join is VowGroup which is a red tag/mark by so called forex experts. I think I’m gonna be more aggressive in playing with these sweet talking girls to waste their time and waste my time too. I hope the article helps.

    1. ThTs exactly what happens to me, but i blocked her now and ended this shit. If you have pictures can you send me. Im curious if she is the same person like i had.

    2. What number would that be and who is it to contact for help?

  29. Richard Barton

    This is a pic of the Anna I’ve been talking to for months now. Met on Tinder, Single mum, apparently very wealthy, drives Bentley, did a video call with me, has retail shops in HK, trying to get me to invest in Vow. She’s still in contact even after I said they are a scam which I can’t work out.

    https://share.icloud.com/photos/0F7wtzSPbxKLzJFYcKXwy-u1A

    I’m at tonbar at outlook dot com.

  30. I got scammed over $180,000 I don’t know what to do where and how to file to police or investigation? Does anyone know? And I see them keep registering for new accounts on tinder with different names to scam people.

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