✔️ Information reviewed and updated in May 2024 by Pedro Martínez González

In this section we will tell you why You should NOT invest in VirtualFxTrade. We analyze the website, we observe every detail and we examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation…

A pocas palabras WE DO NOT RECOMMEND IT. Below we will show you essential information about VirtualFxTrade and tell you why we came to such a conclusion:

Basic Information

🌐 Websitevirtualfxtrade.com
🏠 Company*does not mention it
RegulatoryNot regulated
📧 Email[email protected]
📈 Leadingown platform
📌 Addressdoes not mention it

⚠️ VirtualFxTrade does not mention who owns it, the company does not mention where it is located, potentially dangerous for its clients due to its lack of regulation and lack of seriousness. Clients are unprotected. The company is located in a very unsafe place, be careful. ⚠️

Account types

Now we will analyze the types of accounts that VirtualFxTrade offers, in this case, we observe that it offers 7 different types of accounts:

Account typeMinimum initial deposit
Elephant$50000
Lion$30000
Crown$10000
Gold$5000
Silver$1000
Bronze$500
Starter$200

Information on the web

VirtualFxTrade website

VirtualFxTrade provides a basic explanation of the financial products it offers, market news and analysis, economic calendar, asset calculator, live charts, really not much more than this.

List of phone numbers

At the moment we have not found phone numbers.

🚫 Final evaluation of VirtualFxTrade 🚫

Finally, and in a few words, our recommendation is: DO NOT INVEST WITH VirtualFxTrade.

As we mentioned before, it is a financial company located in a place where you will not have protection from the law in case of being harmed, that is, you will not be able to claim anyone if an unfortunate event occurs such as the sudden loss of your funds or the closure of the company.

In case of problems, it is most likely that the authorities of your country will not be able to do anything. As a client of this company you are unprotected!

Investing with unregulated brokers or brokers based in such countries is very risky. It is best to invest with a regulated broker, based in a serious country.

Updates

News about VirtualFxTrade:

Date Update – news
July 2023We receive a large number of messages from VirtualFxTrade clients who claim that they cannot withdraw their capital.
September 2023The company VirtualFxTrade is denounced by the regulatory body CNMV

User Reviews

[democracy id = ”7993 ″]

What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with VirtualFxTrade.

At the end of the review you will find customer comments.


How to Claim Money scammed by VirtualFxTrade

If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.

How to Report VirtualFxTrade

If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.

FAQs

How can I report VirtualFxTrade?

This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.

Is VirtualFxTrade a scam – is it a scam?

Yes. We believe that VirtualFxTrade is Scam. We have received messages from clients who mention not being able to withdraw their capital, this added to other very negative characteristics of the company.

Is VirtualFxTrade reliable?

No. VirtualFxTrade is not trustworthy, it is a very unsafe company: 1) is based in unsafe countries, 2) has a very bad reputation 3) has a lot of complaints 4) It is a relatively new broker without seniority. These characteristics make the company very unreliable.

How to recover money from VirtualFxTrade?

If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.

Are there (recommended) alternatives to VirtualFxTrade?

Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.

About the Author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.
About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.
Do you want more information? You can read more about me here in my biography.

6 comments on «Is VirtualFxTrade a scam? Opinions of 2023»

    • Recommended-brokers.com Reply

      Hello Agustín, thank you for writing about VirtualFxTrade. This broker is considered a SCAM. The CNMV (Spanish Financial Regulator) has put a notice on them, for lack of regulation and for deceiving their clients (See CNMV link).

      We suggest NOT sending money, they lie to steal from you, the operations are fictitious, the money is never crossed with the market, they simulate it and in the end they mark you and say that you have lost everything and they keep it that way.

      If when you request a withdrawal, they ask you for more to pay commissions, taxes, fees, legalizations, etc. Never do it! It is a clear warning that you are a client of a fraud broker and even if you pay, they will never return your money.

      All the information you provide about the company will help those affected by this broker, explain in detail how everything happened, what advertising you saw, the names of your advisor, numbers, emails from which they have contacted you, etc.

      To get your money back, talk to our CHAT or fill out the Form at this link: CLAIM YOUR MONEY

      Greetings.

  1. samuel arias Reply

    This company is not trustworthy. I'm telling you from my own experience, don't do it, you'll thank me later. Greetings.

    • Recommended-brokers.com Reply

      Hi Samuel Arias, thanks for writing about VirtualFxTrade. Currently this broker is considered a SCAM.

      If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.

      If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or check the form in this link: CLAIM YOUR MONEY

      Greetings.

  2. Moses Reply

    I was contacted by a person on Instagram @Julia Anthony supposedly advises to invest in forex, I invested around 2200 dollars and in the end they asked me to deposit 4866 dollars to supposedly withdraw my profit. Something that he was no longer able to do. It turned out that they deactivated my account and scammed me. It is on virtualfxtrade.com, now I have lost a lot of money and I don't know how to get it back

    • Recommended-brokers.com Reply

      Hi Moises, thanks for writing about VirtualFxTrade. Currently this broker is considered a SCAM.

      If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.

      If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or check the form in this link: CLAIM YOUR MONEY

      Greetings.

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