Review of the broker VipTrade and client feedback: is it possible to collaborate?
Analysis of VipTrade Company: Truth and Fiction
In the world of CFD trading, the Georgian broker VipTrade is a questionable figure. While it has a license and positive reviews, certain aspects of its operations raise questions. The reasons for the company’s periodic updates and the sudden appearance of reviews after 4 years of operation remain a mystery.
Research on VipTrade’s Activities
The initial impression of the company’s website does not inspire confidence. The Russian version of the website is not fully adapted, and internal information is only available in Georgian.
The web platform’s traffic is low, which explains the limited number of online reviews.
The traffic is primarily from Georgia, although the target audience appears to be from Russia.
The domain was created in January 2017, but the platform was completely updated in February 2018.
According to the logo, the website was previously owned by the notorious Vip Trade Global group.
According to official information, the intermediary belongs to the corporation “Trade Holding” (No. 2-19/1292), which holds a license and is regulated by the National Bank of Georgia.
Analysis of VipTrade’s Trading Conditions
There is ample time for learning – from educational materials to free master classes and webinars.
The platform offers 6 types of accounts, starting with a sum of $10,000. There is no information available on commissions and spreads.
Reviews of VipTrade Company
Recently, there have been reviews of questionable authenticity, most likely acquired.
VipTrade’s Fraudulent Practices
The company lures clients with promises of favorable conditions and service, but when requests for withdrawals based on fictitious commitments are made, the client’s account is blocked.
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Final Decision on VipTrade Company
Established in 2016, VipTrade faced criticism and underwent a transformation in 2018, obtaining a license from the National Bank of Georgia, yet continued to attract clients from Russia without legal basis.
Investing in such a company with unjustified demands is only advisable if you are prepared for losses.