VHNX Review: Why Should you trust or avoid?

VHNX is not a legitimate broker. VHNX exhibits numerous red flags and is highly likely to be a scam broker. While they claim to offer access to over 1500 trading instruments and leverage up to 1:200, their lack of transparency, regulatory oversight, and rampant negative reviews raise serious concerns about the safety of your funds.

What is VHNX?

VHNX presents itself as a forex and CFD broker, allegedly catering to traders of all experience levels. They boast a user-friendly platform and competitive trading conditions, but beneath the surface, their operation raises significant red flags.

VHNX Details

Deposits and Withdrawals:

We were unable to determine the payment methods that the broker offers without access to the client area. The website had the Visa, MasterCard, and Bitcoin logos displayed, and the FAQ contained a line indicating that VHNX also takes bank wire transactions. However, Bitcoin transactions are irreversible, so if you have deposited cryptocurrency, your money is unfortunately not recoverable.

You wouldn’t be able to refuse VHNX’s offer of an undefined bonus that is credited automatically. That bonus and any gains you made before achieving a certain turnover would not be refundable.

If you have lost money to companies like Dryden Partners, or Finesse FX; please report it to us on our Report a Scam form.

Account Types

You can get more training sessions and sophisticated tactics with any sort of account. None of the financial advantages are disclosed, though. Thus, the deal includes:

• Registration – $250
• Beginners – $2.500
• Intermediate – $20.000
• Advanced – $50.000
• Professional – $100.000
• Premium – $500.000      
• VIP – $1m

Red Flags and Warning Signs

You can easily notice a lot of anomalies on their platform. The absence of restrictions is the primary one, though. FX licenses are no longer granted by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. It is therefore advised that all of the businesses there choose different licenses, mostly in the nations where they conduct business the most.

But VHNX didn’t comply. Neither the FCA, ASIC nor BaFin regulates this investing firm. Nevertheless, they have made progress. An alert from the FMA of New Zealand. Check out their other brand instead if you were unsure if vhnx.com is legitimate. The website FxRevenues is a copied-pasted clone owned by the same person.

Customer Complaints and Negative Reviews

A multitude of online reviews paint a grim picture of VHNX. Users report:

• Difficulties withdrawing funds: Many traders claim their withdrawal requests are ignored or met with unreasonable delays.
• Unresponsive customer support: When faced with issues, users often encounter unresponsive or unhelpful customer service representatives.
• Manipulation of trading platforms: Some reviewers suspect the platform is rigged to favor the broker, resulting in unfair losses for traders.

These widespread complaints further solidify the suspicion that VHNX is not a legitimate broker.

VHNX Alternative Brokers

If you’re looking for a safe and reputable forex and CFD broker, consider established names like:

• IG: A highly regulated broker with a long track record and competitive trading conditions.
• Saxo Bank: Another well-established broker offering a wide range of instruments and advanced trading tools.
• AxiTrader: A popular choice for beginners with low minimum deposits and educational resources.

These brokers are all regulated by top-tier authorities and offer transparent pricing and reliable customer support.

Got Scammed by VHNX? We Help Victims!

If you’ve fallen victim to VHNX’s deceptive practices, there are steps you can take:

• Report the scam: File a complaint with relevant regulatory authorities and consumer protection agencies.
• Seek legal advice: Consider consulting with a lawyer specializing in financial fraud to explore your options.
• Share your experience: Warn others about VHNX by writing online reviews and sharing your story.

By taking action, you can help protect others from falling prey to this scam broker and raise awareness about the dangers of unregulated online trading platforms.

You can contact Broker Complaint Alert to get professional guidance through a free consultation call. Our experts will also provide some recovery service recommendations to help you recover the lost funds or You Can report to us today by the below form.