Vix500 Review

Is Vix500 Scam or Legit Broker?

Vix500 is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, was never monitored in terms of its safety, and simply may operate the business in any way it wishes. This results in a very high-risk trading opportunity, despite its alluring proposal.

What is Vix500?

Vix500 is an online trading broker that offers several account types to invest, depending on the size of a trader, and availability to trade through market-leading platform MetaTrader4 Forex, Indices, Stocks, Commodities, and other assets. The broker claims its security and trustful trading through the quotes received from the leading liquidity providers and guarantees of transactions.

• However, Vix500 is a part of the Blonde Bear OU group of companies and various trading brands that, however, were detected and warned times by reputable agencies that oversee Forex business and investment services firms, as well as maintained an extremely negative reputation.
• The operational office of the group is located in Estonia, Tallinn while the broker is not registered or overseen by any authority. Being located in the country part of the EU, the financial investment firm is mandatory to obtain a license in order to deliver its protected and legitimate trading service. Besides, the Vix500 brand is registered in Vanuatu, an offshore zone, which means the company tries to show its legal ruts in another jurisdiction, that yet does not set customer protection requirements.
• As a result, the company showed its scam and fraud behavior towards clients and Forex trading itself, which is quite common among non-regulated brokers.
• For that reason, the traders should take it seriously while choosing a broker and not to involve in any action with the Blonde Bear OU group of companies and their offerings. The blacklisting, fraud reputation, and generally non-regulated trading environment are the issue, which should be carefully checked before any decision is made. For that reason, we always recommend investment only with the Regulated companies that comply with the necessary protection rules set by the world authorities alike FCA (UK), CySEC (Cyprus), and others.

Vix500 Review Conclusion

We recommend all investors and traders avoid Vix500 and other unregulated brokers. It's a common practice that such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and HFM.

Vix500 Update

Based on our research, the Vix500 website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals.