VincentFX Review Is VincentFX.com A Legit Forex Broker

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VincentFX Review – is it scam or safe?

VincentFX is an offshore broker based in the British Virgin Islands, which offers 50 currency pairs and a number of CFDs on precious metals, commodities and indices, with three account types, leverage as high as 1:500 and the MetaTrader4 platform.

Account type Min. deposit Max. leverage Spread s/ Payout
IB Networks Account $10 2,6 pips
General Account $100 1:200 1,6 pips
Professional Account $1000 1:100 0,6 pips

Unfortunately the broker is not regulated, neither by the local financial authorities on the British Virgin Islands, nor by any other official regulator, so if you are considering opening a trading account with them be sure to read this review first.

VincentFX Advantages:

50 forex pairs and a number of CFDs

The choice of trading instruments with VincentFX looks good – 50 currency pairs, many of which minor or exotic like USDCNH, USDSGD, USDHKD, USDTRY, USDMXN, USDDKK, USDTHB, USDPLN, USDZAR, USDNOK and USDSEK, as well as CFDs on 13 indices, platinum, palladium, silver, gold and oil. And broker also says to be offering some crypto currencies, but as we did not see any on their trading platform, here you may check our list of brokers trading with bitcoin CFDs:

VincentFX is run by VincentFX Limited, an offshore company based on the British Virgin Islands. And as we already noted they are not regulated neither by the local British Virgin Islands Financial Services Commission, nor by any other official regulator.

Bear in mind that depositing any funds with a unregulated borer is extremely risky, because you will have to rely entirely on the integrity of the people who run the broker.

With properly regulated brokers on the other hand you will not have to worry about the safety of your funds. Well known institutions like the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC) require all supervised brokers to follow strict financial and ethical rules, among which to maintain a certain minimum operational capital – 730 000 EUR for all EU regulated brokers and 1 000 000 AUD for ASIC regulated brokers – to provide clients with a negative balance protection, to keep their money in a segregated, protected form creditors, trust account, to file regular reports, to allow external audits and in some jurisdictions even to insure traders funds.

Thus with a FCA regulated broker you will have the protection of a client compensation fund, which will cover up to 85 000 GBP of your account, payable in the unlikely event your broker happens to be insolvent. Here you may check our list of brokers regulated in the UK:

Skrill not accepted as payment method

VincentFX says to accept payments with major credit and debit cards like VISA and MasterCard, bank wire and crypto currencies, but not e-wallets like Neteller and Skrill. And the absence of Skrill is notable, because of the new anti- scam policy adopted by the money transfer company a year ago. According it Skrill partners only with regulated brokers, and as we already discussed VincentFX is not a regulated broker. Here you may check our list of brokers accepting payments with Skrill:

Despite the seemingly attractive trading conditions VincentFX is not a broker we can recommend. The reason is obvious – they are not regulated and that significantly lowers their credibility. As usual in such cases we will repeat our general advise to trade only with regulated brokers, licensed and authorized by a well respected institution like the FCA in the UK, CySEC in Cyprus and ASIC in Australia.

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We appreciate your feedback on how to improve Yahoo Search. This forum is for you to make product suggestions and provide thoughtful feedback. We’re always trying to improve our products and we can use the most popular feedback to make a positive change!

If you need assistance of any kind, please find self-paced help on our help site. This forum is not monitored for any support-related issues.

The Yahoo product feedback forum now requires a valid Yahoo ID and password to participate.

You are now required to sign-in using your Yahoo email account in order to provide us with feedback and to submit votes and comments to existing ideas. If you do not have a Yahoo ID or the password to your Yahoo ID, please sign-up for a new account.

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someone is listing viagra on my web site mwe3.com can you ask them to take it down! It is a music reviews site and not a viagra website!!

someone is listing viagra on my web site mwe3.com can you ask them to take it down! It is a music reviews site and not a viagra website!!

What a stuffed search engine. How about results of the actual item we are looking for.

Results that are actually relevant to a search would make life more enjoyable. Not interested in all the totally unrelated **** you allow to appear as “results”.

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