VIG Investment Review – History of Lies and Theft Finally Terminates

Once allegedly declared for the most transparent broker of 2021, now just another blacklisted domain gone blank, the Vig Investment scam finally met its end. 

For a while investors were entrapped by attractive yet entirely fake trading terms, alluring conditions and unrealistic profits. Now that the victims are faced with withdrawal issues and legal troubles, they need guidance and support. Our Vig Investment review provides exactly that. 

We also want to invite you to read updated Atlantic Holdings Inv, XFortunes and Safe Holdings scam broker reviews. For those unaware, their investment offers are too good to be true!

VIG Investment Has No Forex License And Is a Fraud?

Chapter one – imposter US operator. VIG Investment claims it does business within the Vanguard International Group, which is supposed to be registered with the US National Futures Association (NFA), number 0538237. How about not?

Chapter two – British Virgin Islands. Oh, so now VIG Investment fancies being an offshore provider? We found that in the “About” section. However, that’s not the case either, per the island’s local regulator.

Chapter three – Hong Kong address in the “Contact us” section. We’ll let the local Securities and Futures Commission (SFC) have the final say. As expected, there’s nothing on poor VIG. Furthermore, this broker couldn’t possibly be registered in Hong Kong since the SFC had banned CFD trading.

VIG Investment is a fraudulent and dishonest broker that lied about its legal status and address. The broker allegedly provides Forex and CFD trading while targeting people from the United States, Canada and Czechia.

Blacklisted For Fraud

This swindler should have known better than to claim all sorts of rubbish and not back those claims with valid proof. Wherever they may have been located doesn’t matter, as it’s certainly not the location they used to claim. 

The biggest evidence of that is the SFC public warning, explaining that this scam perpetrator falsely claimed to be operating from several Hong Kong addresses, but it never did. 

IOSCO has later reposted the alert, confirming their results of investigation had shown the same results and that the company in question wasn’t to be trusted. 

Why It Is Better Not to Choose An Unlicensed Broker

Most transparent broker our foot! VIG Investment is not licensed at all. Therefore, every single penny you invest is bound to be embezzled.

If you don’t want this to happen, you have to ditch VIG altogether and find a reliable and regulated broker. Our choice would be a license issued by the likes of the UK’s FCA, German BaFin, Australian ASIC or Cypriot CySEC.

If you’re from the US, your provider has to be registered with the NFA and the CFTC. Keep in mind that these two authorities are probably the most demanding in the world.

VIG Investment Offers MetaTrader 5?

Quite a clever hoax. VIG keeps advertising Meta Trader 5 but fails to deliver. The only available file is a decomposed trial version of MT5, not the real deal.

MT5 is arguably the best trading software in the world. Its cutting-edge tools include automated trading customization, branch optimization and API integration, among other features. As such, it will undoubtedly lure traders.

MetaTrader 5 for IOS and Android

If the desktop version is weak, then imagine the atrocity that is the mobile counterpart. Regardless of whether it’s for iOS or Android, the platform is fake. By the way, even the legit MT5 is not that great on mobile phones. There are issues that traders outlined in online reviews.

MetaTrader 5 Web Trading

Disregard the MT5 in the title, this is nothing but a WebTrader. Yes, the boring washed-up platform only has the fundamental options. Also, it’s the one that scammers manipulate all the time. We wouldn’t recommend it.

VIG Investment Assets – Instruments Types

When it comes to trading assets, VIG provided a comprehensive list with details. We’re going to list a few example instruments for the sake of the review:

• Forex pairs – EUR/USD, NZD/JPY, CAD/CHF…
• Indices – AUS200, FRA40, NAS100…
• Commodities – natural gas, copper, gold, coffee…

We got to give it to VIG on this one. However, such a carefully compiled list can make traders forget the whole shady business of the scammer. Don’t forget you’re dealing with an unregulated broker. 

Where Does VIG Investment Engage In Fraud? – Countries Of Service

We did our research. It’s time to unveil our findings. Namely, VIG mainly targets unsuspecting traders from the following countries:

• United States;
• Canada;
• Czech Republic.

We already proved that the US registration is fake so be careful not to fall into the scammer’s trap. After all, these fraudsters can be really persuasive at times. 

Also, fraudsters such as ETF Corp, Networkfsi, and Shangquan should be avoided as well. Withdrawing funds will almost certainly be difficult for you.

What Are The Different VIG Investment Account Types?

There are no account types on the website. When we entered the menu, all we found were the steps to creating an individual account. Shady to say the least. VIG seems to be eager to get its hands on your personal documents.

Free Demo Account – Does The Broker Offer It?

No. We couldn’t find it anywhere. Therefore, we’ll just write that down as another in the long line of red flags. Nevertheless, we didn’t expect such a fraudulent entity to provide a demo account. On the other hand, every legit broker has a free demo account option.    

About Leverage, Margin, Spreads, and Fees

Leverage caps at 1:400 for Forex, according to the website. Only an offshore provider would dare do this. Regulated entities have to respect the 1:30 (UK, EU, Australia) or 1:50 (US, Canada) legal limit for FX major pairs.

As for spreads, VIG boasts tight spreads, but we don’t know how low. But it doesn’t really matter at this point. Everything else is unfavorable. Fees are a mystery.

What Is The Minimum Deposit and Methods of Withdrawal?

The minimum deposit is 100 $. That’s actually how much VIG is after. Once you deposit, the scammer will take it and disappear, never to be seen again, at least not in the same form.

As for the payment methods, VIG Investment only accepts wire transfers and US Tether, i. e. cryptocurrency. The latter is the weapon of choice of most fraudulent brokers because they can keep being anonymous while running their foul scams. This deposit should be made via a website called CoinPayments.

What About Stolen Investments?

Recovering from a financial scam is not an easy task. Restoring the lost deposits and snatched capital is even harder, especially for Forex novices without proper knowledge of chargeback. 

If you seek legal advice pertaining to the process of disputing a payment, please refer to our legal advisors. We’re at your disposal around the clock, and we can book your first consultation absolutely free of charge!

We can help you get your money back. The method of getting a refund depends on the way you deposited the funds. Consider a recall or crypto tracing.

A Recall? Crypto Tracing?

• Wire transfers can be reversed via recall.
• This action can be requested at the issuing bank but only if the transaction isn’t complete. Thus, you must act quickly.
• Crypto transactions are considered irreversible, but that’s not the case. They can be traced to a wallet within a crypto exchange.
• If you know which wallet it is, you can request a refund from the exchange. It won’t reveal the scammer’s identity but you could get your money back!

Here you can book a free consultation and find out what to do for a start.