Is Vide Forex a Scam Broker?
Vide Forex was founded in 2017 and focuses on forex, CFDs, and options. This broker emphasizes these trading products for a reason. Many poor-quality brokers will push clients into trading only high-risk assets. That way, they can disguise the money they take as losses and claim that it was the trade that failed. That does not mean that brokers that focus on CFDs, options, and forex are necessarily scams, but Vide Forex has sketchy licensing information that arouses suspicion.
Is Vide Forex a Scam or Legit Broker?
Vide Forex boasts of 5,000 clients and $4 million in trading volume, but none of these numbers could be confirmed. It also makes unrealistic guarantees of 1% ROI daily and says it has a license from the Marshall Islands. This is not a license to boast of, since it is a third or fourth tier, almost as bad as no license.
Here are some problems we have discovered from our research on Vide Forex and reviews:
- Inadequate licensing
- Unrealistic return guarantees
- Inflated promises
- No contact information
- Bad reviews
ReportScamOnline experts have examined Vide Forex and have discovered that it is a scam. If you want to trade, do some research and select only a regulated broker. If you need assistance finding a reliable broker or require fund recovery from a scam broker, consult with our professionals right away.