Virtual Fx Trade Investment is a contract for difference (CFD) broker, with its official website domain registered on May 20, 2024. This brokerage primarily offers investment services in markets such as forex, cryptocurrencies, indices, stocks, energy, and commodities. However, it does not provide services to countries and regions where doing so might violate local laws or regulations.
Company Registration and Regulatory Status
According to publicly available information on its official website (virtualfxtrade.live), Virtual Fx Trade Investment is registered in the UK and is purportedly regulated by the UK's Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).
Upon verification, no information of a regulated company named "Virtual Fx Trade Investment" has been found in databases of the UK Companies House, the FCA, or the ASIC.
Therefore, Virtual Fx Trade Investment (virtualfxtrade.live) is, in reality, a fraudulent broker website with no corporate entity or regulatory oversight.
Account Opening Process
To open a trading account with Virtual Fx Trade Investment, visit the broker's official website, click "Open Account" on the homepage or "SIGN UP" at the top right of the webpage. Then complete the account registration form by providing your name, email, and other personal details, set a login password, and submit. Once your account is verified, registration is complete.
Trading Instruments
Virtual Fx Trade Investment offers clients a variety of trading products, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from currency price fluctuations.
- Indices: Index trading allows speculation on the performance of entire markets or specific sectors, without trading individual stocks, offering diverse trading opportunities with high leverage for potential gains.
- Commodities: Commodity trading includes buying and selling a range of raw materials like metals, energy, and agricultural products across global markets.
- Stocks: Stock trading lets investors participate in the price fluctuations of public companies, earning from price changes and dividends based on company performance without actual stock ownership.
- Cryptocurrencies: Cryptocurrency trading offers opportunities for digital currency enthusiasts to profit from highly volatile assets.
Investment Plans
Virtual Fx Trade Investment offers four different types of investment plans: Basic Account, Classic Account, Platinum Account, and Forex Signal Subscription.
Basic Account:
- Minimum Deposit: $500
- Minimum Expected Profit: $4,500
- Maximum Expected Profit: $5,000
- Trader Education*
- Risk Management
- Tax-free Spread Trading Profits
Classic Account:
- Minimum Deposit: $5,000
- Minimum Expected Profit: $45,000
- Maximum Expected Profit: $50,000
- Expert News and Analysis
- Competitive Spreads
- Advanced Trading Tools
- Tax-free Spread Trading Profits
Platinum Account:
- Minimum Deposit: $10,000
- Minimum Expected Profit: $99,999
- All-inclusive Benefits
- Trader Education*
- Advanced Risk Management
- Tax-free Spread Trading Profits
Forex Signal Subscription:
- Professional Forex Signals
- Up to 10 Signals per Day
- 95% Success Rate
- 24/7 Support
- Advanced Trading Tools
- Bitcoin Payments Only
- Use with Any Broker
Trading Platform
Virtual Fx Trade Investment claims to offer users the MT4 trading platform, providing deep liquidity, leverage up to 1:500, and industry-best spreads. However, a review of the MT4 platform shows no broker named Virtual Fx Trade Investment.
Deposits and Withdrawals
On its home page, Virtual Fx Trade Investment claims to support deposits and withdrawals via debit cards, wire transfers, electronic checks, or check deposits. However, its "FAQ" page states otherwise, indicating that it does not accept multiple deposit methods, including credit/debit cards and wire transfers, and only supports cryptocurrency transactions.
Conclusion:
Traderknows reminds investors that Virtual Fx Trade Investment is a scam broker that entices investors with high returns to deceive them. The website has no corporate entity and no regulation. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
