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Vortex-PRO Review | Is This Platform a Potential Scam?

by Kevin Berry
Rating: 
  2/5   Reviews: 1
Vortex-PRO - logo

Vortex-PRO claims to help you unleash your trading potential. However, it’s essential to approach such statements with caution, as not all offerings from brokers live up to expectations. Therefore, we are diving into the review to assess whether this platform is a potential scam. Stay tuned to our analysis to determine if investing your money in it is a wise decision.

Highlights

🏛️ Country UK, UAE, Ireland
⚠️ Regulation
🖥️ Website https://www.vortex-pro.com/
🎲 Demo Account No
⏳ Start Time 2023
💲 Minimum Deposit £250
⚖️ Minimum and Maximum Leverage 1:2 – 1:1000
⚙️ Trading Platform WebTrader
📨 E-mail support@vortex-pro.com
📞 Phone +442035404989

First Impression of Vortex-pro.com

The design of Vortex-PRO is actually quite primitive. In reality, the company seems to have developed a typical template. Seriously, there’s nothing particularly engaging for a trader here. The only amusement might come from the pictures of supposedly happy investors. The color scheme is dull, and one wonders what the creators were thinking when designing it. However, that’s not the main issue. The main problem is the complete absence of any substantial information about the company. Well, there’s some information, but it’s just not sufficient. There’s no detailed insight into the company’s history, notable achievements, or any official data. In general, we are more disappointed than impressed with the site, finding it rather unattractive and uninteresting.

Vortex-PRO - website

Partnership and Bonuses

It appears that Vortex-PRO might not have an affiliate program, though it’s worth considering that not every user gains straightforward access to the client account. There could be some limitations or perhaps promo codes are required. It’s advisable to check with customer support for clarification. On the other hand, bonuses are offered, up to 100% on deposits. The bonus amount depends on the type of account you choose.

It’s important to note that bonuses are generally prohibited, and it raises concerns that the broker is offering them. They often come with strings attached, like high trading volumes or complex withdrawal conditions, which may not be in the best interest of traders. Therefore, the fact that Vortex-PRO offers bonuses raises concerns about its compliance with industry standards and regulations.

Account Opening on Vortex-pro.com

The registration process on the website is quite a hassle. It’s practically a maze. There is no registration button. Instead of a straightforward registration form, all you find is a button to log in. This convoluted approach is often seen with fraudulent brokers, and it raises concerns for several reasons. Legitimate and transparent brokers typically offer a user-friendly registration process directly on their website, allowing clients to sign up independently.

The fact that Vortex-PRO requires users to reach out to customer support just to complete the registration is a red flag. This not only adds an unnecessary layer of complexity but also indicates a lack of transparency.

We haven’t gained access to the client portal, preventing us from verifying all its functions. This lack of access poses a significant drawback as it hinders our ability to thoroughly assess the platform.

Verification

The broker’s website does not explicitly outline Anti-Money Laundering (AML) and Know Your Customer (KYC) policies, making it unclear whether they conduct verification procedures. However, it is presumed that the broker likely implements these measures. Typically, brokers request verification before the first withdrawal.

The standard verification process includes the following steps:

  • Submission of official identification documents such as a passport, national ID, or driver’s license is a common requirement.
  • Proof of residence. Traders may need to provide a utility bill or bank statement.
  • Financial information. Some brokers may request information about the trader’s financial status or source of funds.

These steps are standard industry practices aimed at ensuring the security of the trading environment, preventing fraud, and complying with legal and regulatory requirements.

Pros
  • None.
Cons
  • Lack of clarity regarding the verification process.

Trading Software

While we haven’t gained access to the client terminal, we are familiar with the Vortex-PRO platform, which offers software from Easy Technologies. Unfortunately, the terminal presents several drawbacks.

  • One significant limitation is the absence of both mobile and desktop versions, restricting traders to a less flexible and accessible environment.
  • The platform offers a few indicators, limiting the technical analysis tools available for traders.
  • Users may experience low platform performance, including slower response times and delays in executing trades.
  • The platform’s design is characterized by its simplicity, lacking the sophisticated features and user-friendly interface commonly found in modern trading platforms.

These drawbacks collectively contribute to a suboptimal trading experience, especially when compared to other platforms that offer advanced features.

Features Vortex-PRO Kane LPI Solutions Limited Algexia
Demo Account
Mobile App
Own Development

How Can I Trade With Vortex-PRO?

Clearly, the company is facing evident issues. Is it planning to offset these problems with extraordinary trading conditions? Let’s take a closer look.

All Info About Accounts

Vortex-PRO has come up with the idea to create 8 types of real accounts and not a single demo account. The absence of a demo account is a significant drawback because it deprives potential traders of the opportunity to practice and test the platform and trading conditions without risking real money. A demo account is a crucial tool. Without it, users may feel compelled to risk their funds without having a clear understanding of how the platform works, potentially leading to financial losses.

Account types

Furthermore, Vortex-PRO has devised eight types of real accounts without offering a single demo account. The deposits for these accounts range from £250 to one million pounds. The services and conditions vary significantly, primarily depending on the chosen account level, relating to the amount deposited. As you may have gathered, Vortex-PRO is solely concerned with how much money you bring in. The more you deposit, the more services you are entitled to. Even the leverage is variable, being relatively low for lower-tier accounts except for currency pairs, where it is exceptionally high. In higher-tier accounts, the leverage is significantly larger, reaching up to 1:1000 in the Diamond account. It’s worth noting that such high leverage ratios are prohibited by reputable regulators.

Moving forward, Vortex-PRO introduces several dubious services, including trade insurance, risk-free trades, and other offerings, indicating that this broker operates more like a dealing desk. In other words, it doesn’t send your trades to the interbank market but rather processes them internally within the platform. This raises questions, especially considering the impracticality of having a genuine interbank market with a leverage of 1:1000.

Pros
  • Wide range of accounts.
Cons
  • No demo.
  • Dubious trading conditions.

Market Analysis and Education With Vortex-pro.com

Certainly, this broker claims to provide market analysis, but in reality, we cannot assess its quality. Seriously, the company doesn’t even allow for a straightforward registration process. There is literally not a single example of its analytics publicly available. What can we say about it? It’s doubtful that there are qualified analysts working here whose names could be proudly presented. As for education, we have significant doubts because it’s evident that this broker is not targeting novice traders with small deposits. It seems Vortex-PRO is only interested in clients with million-dollar accounts. In general, it’s a complete disappointment.

Deposit, Withdrawal, and Fees

The deposit methods remain a mystery to us. Don’t get us wrong. The website does list logos of various payment methods, including credit cards, SWIFT, Neteller, PayPal, and Skrill, among others. However, we have serious doubts about whether all of them are actually available. Vortex-PRO doesn’t provide detailed information on deposits and withdrawals. The company only mentions that it may charge commissions without specifying the amount. Overall, the lack of details on withdrawal procedures, processing times, and the inability to verify anything in the personal account raise serious concerns about this broker.

Features Vortex-PRO AGlobalTrade Reltex Group
Debit/Credit Cards ✔️ ✔️ ✔️
Electronic Payments ✔️
Crypto Transfers ✔️
Deposit Fee ✔️
Withdrawal Fee ✔️

How Can I Contact It?

When it comes to contact details, the company appears quite generous. It provides a phone number, email, and not one but three addresses. Why one number and three addresses? Well, that’s a real mystery. Want an even bigger puzzle? Consider why there’s no information on the maps confirming that Vortex-PRO offices are located at the provided addresses.

Pros
  • Complete contact details.
Cons
  • The contacts are likely fake, especially the addresses.

Is Vortex-PRO Dangerous?

Absolutely dubious broker – Vortex-PRO! No need to consult a fortune teller for this one! However, let’s also check its legal data to gauge the extent of its sketchiness.

How Long Does The Broker Work?

Do you know how long brokers should work to build a good reputation and a large client base? We’ll tell you – no less than five years. Now, guess how long this unfortunate one has been around? Oh, you’ll be surprised. In reality, Vortex-PRO has been in existence for just a few weeks. Seriously, we just checked its domain on the Whois service, and it was registered only in November 2023. So, is it worth trading in such a project?

Domain info

How Is Vortex-PRO Regulated?

Well, and of course, the question of broker’s regulation concerned us the most. And what do you think? We didn’t find any mentions in its documents about where it operates. We even checked the client agreement, and there’s nothing there either. Well, let’s work with what we have. The website indicates addresses in three countries – Ireland, the United Kingdom, and the United Arab Emirates. We checked all the registers of these countries, and you know what? There is no Vortex-PRO listed anywhere. Even in the UK, where the company supposedly has a registration number, there is no such legal entity. And of course, if the company is not officially registered, it doesn’t have a license to operate.

Features Vortex-PRO AllCapitalInc Global ICM
European Zone
Asian Zone
American Zone
African Zone
Offshore

Frequently Asked Questions (FAQ)

Kevin Berry
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Expert Opinion

Well, here we go again with another broker playing hide-and-seek with its registration process. It’s like they’ve all attended the same secret club where transparency is a forbidden word. My seasoned advice? Beware of these closed-door registrations. They’re likely harvesting your data for persistent cold calls and aggressive investment pitches. A broker’s website should be as transparent as the trades you make – no hidden agendas. Keep your eyes open, fellow traders!

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Vortex-PRO rating

The level of trust
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The level of trust
Quick withdrawal of funds
Efficiency of technical support

1 review about Vortex-PRO

JohnJohansson February 5, 2024 - 16:16
What's with all the secrecy?
The level of trust
Quick withdrawal of funds
Efficiency of technical support

If Vortex-PRO claims to be a legitimate brokerage, why is there no option to register on their site? When a broker conducts business in such an opaque manner on its official platform, something seems fishy. It’s entirely possible that this company doesn’t exist in reality, and that its website is just a trap for trusting individuals eager to earn through trading. But, as the saying goes, there’s no such thing as a free lunch, especially in the world of finance. They might be up to some fraudulent activities. When choosing a broker, one must be vigilant, and if such secrecy exists, it’s better to steer clear of such a company.

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