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V5 Forex Global
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V5 Forex Global

United States
Not disclosed
3
1.62
Rating Index
Software
5.68
Licensed
0
Risk Control
1.31
Experience
5.31
Institution
0
Industry Classification
D
Unqualified
Trading Platforms
Proprietary platform

Basic Information

  • Registered Region
    United States
  • Operation Status
    Abnormal
  • Operating Period
    Not disclosed
  • Deposit Methods
    Credit Card, Bank Transfer
  • Website
  • Market Type
    Foreign exchange
  • Support Languges
    English
  • Main Business
    Forex, cryptocurrencies, indices, commodities
  • Business Type
    FX broker
  • Social Media
  • Contact Details
  • Type of Accounts
    Real, Demo
  • Trading Platforms
    Proprietary platform
  • Withdraw Methods
    Not disclosed
  • Auto Trading
    Not supported

Pros and Cons

Pros: Competitive spreads from 0.0 pips; Low minimum deposit of $50; Diverse trading instruments including forex and cryptocurrencies; Web-based platform for easy access across devices. Cons: Unregulated status raises concerns about fund security; Numerous complaints regarding fund withdrawal difficulties; Lack of comprehensive educational resources; Limited payment options.

Company Background

V5 Forex Global operates as a newly established forex and CFD brokerage focused on providing online trading services. It primarily targets retail and institutional clients, offering services through its proprietary trading platforms. Although the specific founding year is not disclosed, reports indicate that the broker has been active for about 2-5 years. The operational focus includes forex, cryptocurrencies, indices, and commodities, positioning it as a multi-asset broker catering to diverse trading needs.

Fund Security

Fund security measures are unclear as V5 Forex Global operates without regulation. There is a mention of customer funds being separated from operational funds, but without a regulatory body overseeing this practice, clients remain at significant risk of fund mismanagement or loss. Investors are cautioned to approach this broker with skepticism due to its classification as a scam and the substantial number of user complaints about withdrawal issues.

Account Opening

The account opening process involves registering for a trading account, which can be either a live account with a minimum deposit of $50 or a demo account offering virtual trading funds. However, the verification process and the details involved in setting up these accounts are not clearly outlined, potentially leaving new clients uncertain about the onboarding experience.

Trading Fees

The spread for trading starts from 0.0 pips; however, further details on commissions, swap rates, and potential inactivity fees are not disclosed. V5 Forex Global advertises that it does not charge fees for deposits or withdrawals, though clients have reported issues with fee transparency and withdrawal procedures. Users are advised to seek clarification on all applicable fees directly from customer support before trading.

Trading Instruments

V5 Forex Global offers a range of trading instruments including forex pairs (over 62), various commodities, several cryptocurrencies such as Bitcoin and Ethereum, and major indices. The variety allows traders to diversify their portfolios, but further specifics on available instruments and lot sizes are not disclosed.

Trading Technology

The broker features a proprietary web-based platform that is accessible from any internet-connected device, which does not require installation. The platform includes basic trading features like real-time quotes and charts but lacks advanced capabilities typically found in established platforms like MT4 or MT5. Feedback on execution speed and reliability has been mixed due to operational issues reported by users.

Research and Education

The educational resources available through V5 Forex Global are limited. Users have reported a lack of comprehensive tutorials, market analysis tools, and training materials, making it difficult for beginner traders to improve their skills or understand market dynamics effectively.

Customer Support

Customer support is available through email, phone, and live chat services, accessible 24/5. While response times are reportedly swift, the absence of 24/7 support and a dedicated FAQ section may hinder users' ability to resolve issues outside business hours. Experiences regarding service quality have been varied, particularly concerning the resolution of withdrawal complaints.
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Rating Instructions
Rating Index
V5 Forex Global
V5 Forex Global
Scam Broker
Legal Environment
5.68
License Value
0
Risk Management
1.31
Investor Protection
5.31
Regulatory Policy
0
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