VYTEX is a forex broker founded in the United States, mainly providing foreign exchange trading services for investors, the company's website only supports English as the language of use. In addition, the VYTEX official website account registration page also supports English only.
Company background:
According to VYTEX's website, the company is incorporated in the United States. However, the website of the state government of Louisiana did not find any registration information related to the company. In addition, according to the Whois query of the website domain name registration information shows that the company's official website domain name was registered on August 00, 202, and the domain name registration time is not more than 1 year ago.
Account Registration:
VYTEX website provides investors with a real account registration link. To Register a real account, click "Register" in the upper right corner of VYTEX official website to enter the registration page, select or fill in the information such as name, Email, country, telephone number, password and transaction password according to the requirements, and then complete the real account registration. VYTEX official website account registration page supports English only. However, the VYTEX website does not provide a link to sign up for a demo account.
Account Type:
The VYTEX website does not provide information on the types of trading accounts.
Trading Products:
VYTEX offers foreign exchange trading services to investors, according to its website. In addition, the VYTEX website does not provide specific trading products covered by foreign exchange, nor does it provide information on commissions, spreads, minimum trading units, maximum trading units, overnight interest, etc., for specific trading products.
Margin ratio:
The VYTEX website does not provide margin (leverage) ratio information for specific trading products covered by Forex.
Trading Hours:
The VYTEX website does not provide information on trading hours for specific trading products covered by Forex.
Deposits and Withdrawals:
The official website of VYTEX does not provide the channels and methods of deposit and withdrawal supported by it, nor does it provide information about the currency of deposit and withdrawal, fees and deposit and withdrawal time.
Trading Software:
The front page of VYTEX's website is only displayed when it is first opened or refreshed, and the company offers investors an Android version of its trading software. However, the Android version of the trading software in some countries or regions, there are problems that cannot be downloaded or downloaded and installed slowly.
Regulatory information:
The VYTEX website does not provide regulatory or authorization information it has obtained. The information on VYTEX's official website shows that the regulatory agencies registered in the United States - the Financial Industry Regulatory Authority (FINRA), the National Futures Association (NFA) website, did not find any regulatory or authorization information related to the company.
Summary:
VYTEX is suspected of fraud. On the one hand, the official website of VYTEX shows that it is registered in the United States, but the state government website of Louisiana in the United States does not find any registration information related to the company. On the other hand, the official website of VYTEX does not provide the regulatory or authorization information it has obtained, and the official website of VYTEX shows that the regulatory agencies of registration, the Financial Industry Regulatory Authority (FINRA) and the National Futures Association (NFA), have not queried any regulatory or authorization information related to the company. In addition, the VYTEX website does not provide detailed information on account types, trading products, deposits and withdrawals, and trading software. According to this judgment, VYTEX is suspected of fraud, and investors should be careful to choose the services provided by the company. TraderKnows reminds you, please pay attention to your property safety, to avoid falling into the fraud trap.
