Read our Vip Global Markets review to see if we recommend this broker for trading. Just to clear doubts, this is a vipglobalmarkets.com review. They also use vipcryptoxpress.com domain.
Is Vip Global Markets Legit?
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 infamous for scamming schemes.
So, Vip Global Markets is just another unregulated forex broker, which means the customers aren’t 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 the scam work?
Usually, unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit. And they will try 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, they transfer clients to a smarter scammer, called a “retention agent”, who will try to get more money out of you. Also, one thing we need to add here is: don’t trust the good Vip Global Markets reviews you might see online. They pay websites and services to improve their online reputation by posting good reviews about them.
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 doesn’t 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 Vip Global Markets?
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 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 they deceived you into depositing money for a non-regulated trading company. Mention also that 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 [email protected] but don’t let your broker know they you read this article or that you are contacting 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 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 where you live, you can search google to find the regulatory agency for Forex brokers in your country. After that you can prepare a letter or an email describing how they deceived you. 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 don’t know where to start, reach us at [email protected] and we’ll help you with this step as well.
Make sure you leave Vip Global Markets reviews in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites. See what other sites have posted reviews about Vip Global Markets, 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, mention it in the comment or let us know about it. That would be really appreciated by us by our users. Also, if you get phone calls from other companies, please put the name of these companies also in the comment. Or you can send them to us and we will expose them too.
Vip Global Markets Review Conclusions
Making the Vip Global Markets review was our pleasure, and we hope to save as many people 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 Vip Global Markets 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.
I’ve been scammed by them , I’m try to retrieve my money
Don’t listen to their fast talk. They are scammers and you will loose your money if you invest as they say.
We just got scammed 4,600 and when we asked for money back they said we have to pay insurance an that was another 2,800 an we refuse it an they said they would send money back an never heard from them again!!Alert they ask you to zoom an turn off camera!,they ask to share screen when you go into your bank account!!HANG UP it’s SCAM!!!!!!!!!!
He said his name was John Stevens
Thanks Tammy for your reply, I’ve just been scammed, they are very good i must admit, I have a friend in England and he check it out but came back with no red flags, but like I said they are very good, a lesson learnt, I have shares in the Australian market hope I came make up for what I have lost.
Again thank you,
William Currell
The frist red flag is zoom an no camera -make big money $$$
– share screen he sees in your bank account so go to bank an cancel bank account!!!!
The names they have been using will me are….Micheal carter. Luc lorent and Tony, and they all sound like South Africans
I have also just been scammed… my account manager was Jason Banks. I feel like an idiot… they sounded so bloody good… website dashboard to follow trades etc. Is there any way of getting anything back?.
(1/5)
Hi Trish we are trying a site for this hopefully it will work
Hi
Can you help me also? Please?
Thanks
Trish go to my chargeback.com they may help
Absolute scammers Do not trade with these people. Zoom email allows them
To take control of computer and gain acres to your bank details. They then take Al your money . Be carful .
(1/5)
Do NOT trade with these people, they are absolute SCAMMERS they ask you to zoom and share screen they then tell you they have made a lot of money for you and want to send it to you through Binance but instead of sending it to you they clean out your whole bank account and leave you with only a few dollars I was scammed of $55,000. I can’t believe this…..I feel like a bloody idiot too. They sound so believable, they are all South Africans and they told me they were working in London, I don’t really believe anything they say, maybe they are calling from South Africa the time isn’t so different. the names they used with me were Ryan Hart, John Stevens and Shane Andrews, and another one called Marcus who was supposedly the Binance genius and takes all your money (if these are really their names) They are a pack of absolute bastards…..Karma will eventually get them and I hope soon…..Well I hope I can save someone else from falling for this SCAM…..BEWARE OF THE SOUTH AFRICANS THEY ARE SCAMMERS
You can phone them everyday with their toll free # +442035193499. Since they still owed me over USD 2K kèep contacting them everyday. I just received my initial investment of USD 200.
Wow, good on you
I will start calling them
Cheers
Hello again
How did you get the 200 back? Did you have to log into their/your trading account and you click transfer icon on the left and it allowed the 200 and not more? Please let me know, OK?
Thank you very much
They refund back to my bank account as I am calling them bunch of thieves but they didn’t give back all my Cdn$ 2k deposit.
Jason Banks my Acct. Mngr. is a LIAR.
Hmmm interesting
thanks for sharing
I was scammed for 10,2393, the same story , Bitcoin grew in the trading account and I requested withdraw of at least my deposit and they said I have to pay upfront 6,135USD
we asked for a guarantee in writing , they said they will email it, nothing emailed to us.
(1/5)
Just wondering who’s your Account Mngr.?
We could humiliate him here..
Hi
Manager is Jason Banks, another one pushing me to put in more money was Tony Griffin.
another one calling me saying is my manager was Emma and another one asking to put in 6,135US was a woman, I do not have her name, she was very rude.
Jason’s email worked previously, today I emailed him [email protected] – it bounced 2x – does not exist. Tried [email protected] – also bounced. Their dungeon is in India and fake HQ office in London – does not exist.
Thankyou for being interested.
Much appreciated