VisionFX.io Review – Exposed Broker In Less Than A Year

Firstly, the VisionFX.io broker doesn’t reveal its ownership details or mention the exact UK address. Thus, without transparent legal documents, nobody can find more details.

With this in mind, you know that this broker is not up to good. But to understand all the details in particular and what defines them as a scam broker, read this VisionFX.io review.

Legal Info: Is VisionFX.io Legit Or A Scam?

In the trading world, you should only look for trusted regulations. Those come from trusted institutions like FCA, BaFin, CFTC or ASIC. In any case, the VisionFX.io broker is not listed in any of the mentioned registers.

On the contrary, the company has already been slapped with two warnings.  Primarily, there is a warning from the Russian Central Bank., but also from Canadian FCNB.

Who Are VisionFX.io’s Clients?

Our lookup in who.is database shows that this brand started in 2023. Since then, the company has targeted mainly highly regulated countries. In fact, the most of scammed clients come from: 

• United Kingdom
• Australia
• Canada
• United States

But if you come from any of these countries, you have far better trading options than VisionFX.io broker. However, if you somehow became their victim, don’t hesitate to contact us for refund advice.

Leverage, Commissions, Spreads, Fees and Taxes

The first warning sign comes from a very high leverage of 1:200 without negative balance protection. Therefore, you can easily end up owing money to the scammer, which is a nightmare. As for the spreads, the company claims to have tight ones but has not specified how tight.

In the end, the most important costs, like commissions and fees, are not revealed. So, you can expect various manipulations around it. Especially once you request a withdrawal.

VisionFX.io Trading Features

All the VisionFX.io features are obviously based on misleading traders. Whether with conditions, fraudulent platforms or non-existent policies. Even though the company advertises advanced trading technology, none of it is publicly available.

Therefore, you can expect a basic web trader. In general, it is something that defines scam brokers due to easy back-end access to market data. In fact, that’s the only way they can deliver what they say. In terms of results, of course.

Is VisionFX.io Legit?

The VisionFX.io broker is far from legit. With a completely anonymous approach and lack of legal documents, you can’t trust any broker. Especially not the one that is not regulated and has multiple warnings attached to its name. Another similar example you can find in our LQDFX review.

Available Trading Assets

Since access to the platform is not available, we can only trust what they say. In the case of VisionFX.io, that’s hard to do. But anyway, potential options are: 

• Forex – USD/EUR, GBP/NOK
• Commodities – gold, platinum
• Indices – ASX200, CAC40
• Shares – General Motors, AMD
• Cryptos – BTC, ETH
• Bonds – US T-Bond, EU-Bond
• ETFs – Russell2000, QQQ

Account Types

Important to realize is that VisionFX.io has a shamelessly high minimum deposit requirement. It starts at $ 5,000. Yet, nobody knows based on what. In any case, you can choose from: 

• Basic – $5.000
• Bronze – $25.000
• Silver – $50.000
• Gold – $75.000
• Platinum – $100.000
• VIP – $125.000
• Savings – $150.000

Mobile Trading App

Of course, without third-party software, we can’t expect a dedicated mobile app. Therefore, all iOS and Android users will need to bother with their accounts over the browser. Which is not the most efficient way to trade. Especially if you are using advanced trading strategies.

Demo Account

Another key failure of this broker is missing a demo account. This clearly indicates they are hiding their platform flaws. That’s why we always encourage traders to go with licensed brokers.

Primarily due to security but also higher transparency. Yet, to understand the importance of these options, read our SPMarket24 review.

VisionFX.io Withdrawal

Without a transparent withdrawal policy, you know what you can expect. Only problems. In fact, this broker doesn’t reveal either processing time, fees, or methods. If this is not a sign to back up from their offer, nothing will be.

Above all, if you hear from their agents excuses like AML laws, additional fees, or taxes, don’t fall for it. Ultimately, they will try to prolong withdrawal or make you deposit more money. In the end, all accounts end up frozen regardless of the previous actions.

Customer Support

Since the broker is completely anonymous, all their contact options are irrelevant. Nothing should make you think that they would respond genuinely. Otherwise, they would be more transparent and regulated.

You can try reaching them via e-mail, phone, and web contact form. But only on workdays between 9 AM – 5 PM. UK time, we suppose.

Key Information To Consider About VisionFX.io?

The first thing you must understand is privacy and transparency. The broker is hiding its ownership, and they expect you to trust them with your money. Also, the broker is not regulated anywhere. Not to mention shady trading conditions and even shadier trading platforms.

All in all, you should avoid them at all costs. However, anyone can be deluded and fall for a scam. In that case, you have refund methods that can help you get your money back. But some of them are time-limited. For that reason, we encourage you to contact our refund experts if you are a victim of a trading scam. Book your first free consultation now!

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