Vision-Forex.com review – 5 things you should know about vision-forex

Vision-Forex.com review – 5 things you should know about vision-forex

Rating: 1

Beware! Vision-Forex.com is an offshore broker! Your investment may be at risk.

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

 

Vision-Forex.com is like most unlicensed brokers we see. We are left speechless, and not for any good reason. In fact, we have nothing to say about this firm that has not been said before. Vision-Forex.com does not even try to look or feel like a legit broker. All of its scammer elements are laid out for the world to see/ Zero point for effort.

One of the first reasons that made us not trust the broker was the registration process. We completed it way too easily in, way too fast, and we were redirected to a familiar user area that has been used by other shady brokers. What’s there to like? Vision-Forex.com seems to accept just about anyone in!

But at least we accessed a user are with a web trader. Speaking of the web trader, it revealed that the broker allows for crypto-based trading only, with 4 separate assets in total. This is a complete joke to us, and reveals that Vision-Forex.com is an utter liar, becasue on its website it claims to offer all the standard financial instruments, whilst on its trading software on 4 separate crypto assets are available!
There is no leverage available.

The website can be accessed exclusively in English.

VISION-FOREX.COM REGULATION AND SAFETY OF FUNDS

There is a sort of frolicking going around here, between two addresses. On the home page, the address is said to be in the US, while when we access any other subpage the address shifts to one in the UK.  The contact us page reveals these two addresses in full time.

So, as users, we are to believe that Vision-Forex.com is available to both UK- and US-based users. This would mean that the broker is the only entity in the world to be licensed by the FCA and the CFTC/NFA. This is preposterous!

These three agencies are the world’s top FX regulators, and one can only imagine what it takes to qualify as a legit broker with them. We have enough evidence to conclude that Vision-Forex.com does not have what it takes, not even nearly enough!

Moreover, the terms and conditions are in entirely in the so-called dummy text of Lorem Ipsum, meaning that there are no legal documents of any kind, and this is the last straw for this broker. Without legal doc, there is no legal bond between the user and firm.

Therefore, Vision-Forex.com is not regulated, and is a scam! Do not invest here!

We challenge anyone to give us a reason to invest in an unregulated broker! Joke aside, there isn’t a bigger online investment risk than this. That is why it is crucial to always check the broker for a license, Make sure that the company appears in the regulator’s database, and if so, proceed. If not, make sure no move to the next broker.
Any UKEUUS, or Aussie regulated broker will do, and there are also a heap of offshore regulators as well as international ones that do a great job. The choices are limitless, and there is no reason to lose hope if you happen on an unlucky streak of unlicensed brokers. Regulated brokers keep their promises of safety and fairness without compromising on the excitement of trading. Furthermore, the FCA and CySEC are famous for including compensation schemes with all their regulated brokers, plans that aid users at times when their brokers cannot pay its users back.

Any UKEUUS, or Aussie-regulated broker is your best hope of getting back on the trail and avoiding scams. Investing, and even dealing with unregulated brokers is both a waste of time and money! Licensed brokers tend to the need of their users, and provide a safe and fair trading environment, accommodated with all the necessary tools to bring clients a superb trading experience. Not to mention that the FCA and CySEC, offer reimbursement schemes that see users getting covered for any losses should their broker fall into insolvency.  The FCA guarantees up to £85 000, while CySEC guarantees up to €20 000 per person.

VISION-FOREX.COM TRADING SOFTWARE

Not only does Vision-Forex.com provide close to no trading assets, but the software it provides them on does nothing to inspire users. It a cacophony of shady elements and third party charts.

At times, we even wondered whether the web trader actually offers what is said to offer, or if it just promotes fake trading conditons. Whatever the case is, we think that users wont profit here, and there is no reason to even try!

VISION-FOREX.COM DEPOSIT/WITHDRAW METHODS AND FEES

The user area reveals that the payment section was broken, at least for us, but we did get a glimpse and we are pretty sure that the only payment method is some sort of suspicious crypto wallet. Pretty ironic.

Just as a reminder we would like to say that crypto investments are untraceable and are, as a result, the favorite payment methods used by scammer brokers.

There are no further payment details on the website, which means that there is little overall in terms of payment info. This is always a clear notice that the broker is not legal. Why would you otherwise hide the most important details?

Vision-Forex.com is not only unregulated, but it is also a scam, making it an obvious risk to all deposits!

HOW DOES THE SCAM WORK

The scam works very easily. Users are lured by online ads that promise unrealistic, and therefore unattainable things. Then they are redirected to the investment schemer website, and from then on the manipulation begins.

First, users will be asked to provide contact details so that the broker can directly contact them and ask them for payment. But this is not done directly; there are scripts upon scripts with psychological tricks and tactics that lead to users being charmed into investing.

These tricks range from all the imaginable to the impressive. What the main goal is to keep the user invested in the scam, and deposit at least once!

After a while, each user will feel the pressure and will want to withdraw. This is where the last line of defence of the fraudulent broker will deploy, cutting the user from his or her funds by means of shutting down the account, stalling clients, or simply shutting the website. The scammer will do everything not to let you withdraw!

WHAT TO DO IF SCAMMED

File for a chargeback with your credit or debit card provider. It’s the surest way to get your money back, although it is not set in stone. MasterCard and VISA have a chargeback period of 540 days.

Bank transfers are harder to trace and are most like lost for good. Although, certain banks might have a special plan-of-action ready for scammed users, so be sure to check with your local bank for more info. It is also a good idea to change your bank account password and user name.

Crypto investments are lost for good. The only way to get them back is if the broker itself reimburses the money back.

Do not trust recovery agents that promise to return your lost money without ever giving any technical details. These are separate fraudsters that will ask a commission for the “service” and will alter disappear without a trace!

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