Read our Vexxsel review to see if we recommend this broker for trading. Just to clear doubts, this is a vexxsel.com review.
Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.
So Vexxsel is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
| Regulatory Body | Status |
|---|---|
| FCA (UK) | No record of authorization |
| ASIC (AU) | No record |
| CySEC (EU) | No record |
| SEC / CFTC (US) | No record |
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about Vexxsel in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section. Also, when these people change their website they tend to call the old clients, so if they call you from a new website please write it down on the comment or let us know it by contacting us. That would be really appreciated by us and families all over world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. We will expose them too.
Vexxsel Review Conclusions
Making the Vexxsel review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Vexxsel review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
Scam, withdrawal is not possible. And they don’t answer when you ask about it.
Ich warte seit 16. Oktober auf meine Auszahlung. Die ganze Zeit verlangt man von mir Gebühren über Gebühren und Steuern. Diese habe ich auch beglichen, was sicherlich mein Fehler war. Ich habe am 28.10.22 schriftlich eine Bestätigung erhalten, das ich nun keine Gebühren fällig sind und mir innert 1-2 Werkstagen das Geld ausbezahlt wird. Leider habe ich immer noch nichts erhalten.
Nun, komischerweise, ist niemand mehr bei Vexxsel oder der Marshal Bank erreichbar. Weder per Mail noch per Whatsapp bekomme ich eine Antwort und mein ganzes Geld ist verloren. War mir so sicher das dies eine seriöse Sache ist. Aber bin voll in diese Betrugsmasche reingefallen.
Nun habe ich nochmals ein Whatsapp erhalten, das ich die Freischaltgebühren von 10% zahlen muss, damit mein Gels ausbezahlt werden kann. Ich werde kein Cent mehr einzahlen.
Please do not invest with vexxsel, they are ghost company and their workers are ghosts too, they will scam you.
I started trading with vexxsel last year September, then I made over 4000 euros, when I want to withdraw the money, my account manager David sent the money to another company called blockchain, and blockchain asked me to pay 360 euros through email before they can send my money to my account, I contacted my account manager and he said it’s true, after paying 360 euros, blockchain sent the money to another office or bank called bank of marshals island and this bank asked me through email to pay 350 dollars before they will release my money, so I paid, after paying the second 350 dollars, another person by the name Daniel contacted me from vexxsel telling me that my previous account manager who is David have left my account for him, and that he Daniel will make sure my money gets to me, after a day or 2, he called and told me he have contacted the bank on my behalf, that the bank is requesting another 226.12 euros, it’s funny, but I told him that I’m done paying. David told me that after the second 350 dollars I paid that I dont have to pay more to receive my money! All is scam, please people do not register with vexxsel, they are criminals. Here is my telephone number: +46723109991, I live in sweden and I can provide evidence and provide my claims. The day I’ll got my 4042 euros in my Swedish bank account that I have provided, I’ll come back here and make a new report. The is my vexxsel account number: 143654
Date of experience: September 28, 2022
(1/5)
They are scammers and a ghost company. Withdrawal is impossible, I made 4042 euros and they took 710 euros from me through a company called blockchain and bank of marshals island for the withdrawal, I paid this 710 euros still I did not get my money and the blockchain and bank of marshals stopped replying my mails, now someone else from vexxsel called few days ago telling me that this bank of marshals is requesting another 226.12 euros,it’s funny how stupid I was. they are all connected, please anyone reading this do not trust any words that comes out of any of their workers mouth. Vexxsel online is a heavy scam run run run
Vexxsel ist eine Bande von Betrügern. ich bin Leider drauf eingefallen. direkt nach dem ich eingezahlt habe. hat der angebliche Mitarbeiter angefangen für mich zu handeln und machte unglaubliche Gewinne. darauf hin habe ich noch eingezahlt und es ging so weiter. er wollte, dass ich mehr einzahle, damit er mehr gewinne für mich erzielen kann. als ich den verdacht hatte, dass ich betrogen wurde, versuchte ich ich erstmal mit eine Auszahlung. mir wurde die Auszahlung verweigert. ich wurde an weitere personen weitergeleitet, die mir die Auszahlung ermöglichen wollten. lange Geschichte kurze Sinn! ich sollte 6400€ Einzahlen um die Auszahlung tätigen zu können. zum Glück meine Dummheit war nicht so weit. und so bin ich 2400€ in 0,nichts losgeworden. also Leute passt gut auf und kein einziges Cent bei denen investieren.
(1/5)