20 Victims from Bangladesh complaint against V5

Earlier, the Request was not approved by V5. Now request has been approved but Still Users did not receive their Withdrawal. This is the story of every user of V5 Forex Global. A group of 20 V5 users from Bangladesh contacted Wikifx via Social media and told us about the other side of V5 Forex Global and asked us for help.

About V5 Forex Global

V5 Forex Global is a forex broker with US registration that gives customers access to a huge financial market. Trading positions can have a max leverage of 1:1000 on the V5 Forex Global platform. Customers of V5 Forex Global have access to a variety of market products, including Crude Oil, BTC, Stock, Indexes, and Forex.

Account Types

V5 Forex Global provides clients with two types of trading accounts, a real account and a demo account with virtual money of $100,000 in it.

Spreads & Commissions

V5 Forex Global says it provides spreads as low as 0.0 pips, which is not always true. Investors are strongly recommended to open a demo account first to test its trading environment and then to decide whether to switch to a real one or not.

Leverage

If on your V5 forex global trading account with the amount of $10,000, under the condition of the lever is 1000 times, and if you only want to use 10% of the account amount is $1000 for a margin call, you still can make a $100,000 ($1000x 100), because of the deal, the equivalent of v5 forex global provides you with similar s to the same credit card, and this is leverage role.

Trading Platform

V5 Forex Global offers is Tradingweb for PC and Tradingweb for mobile.

Payment Methods

The minimum deposit is $50, and the minimum withdrawal is $10.V5 Forex Global allows its clients to make a deposit and withdrawal through Credit Cards and wire transfers, and this broker says it does not charge any fees for deposits or withdrawals.

Review

According to the V5 Forex Global website. It V5 Forex Global is authorized and regulated by the US Financial Services Commission (FSC) (license number: 31000231951552) and US National Futures Association (NFA), (NFA ID: 0554281). But when we checked on both the regulatory authorities. We discovered V5 Forex Global is not actually registered by any of them. NFA said directly it is not a member of NFA and FSC did not find this firm. When we searched about this broker on WikiFX, we noticed it has been marked illegal broker.

On Wikifx this Broker is considered a Scam Broker. We want to know more about it, therefore, we searched its review on the internet and that's what we discovered. We are sharing all the people's review screenshots here. Have a look at them and be safe.

What is Wikifx & How it can help you ？

WikiFX is a global forex broker regulatory enquiry platform that has investigated and reviewed more than 40,000 brokers, collaborating with more than 30 national regulators. To learn more about the security and reliability of your chosen brokers, visit www.wikifx.com or download our free app from Google Play or app store.