Read our VCexchange review to see if we recommend this broker for trading. Just to clear doubts, this is a vcexchange.com review.
Is VCexchange 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, VCexchange 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 VCexchange 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 VCexchange?
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 VCexchange 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 VCexchange, 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.
VCexchange Review Conclusions
Making the VCexchange 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 VCexchange 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.
Vcexchange is nothing but a scam invested only $390 to start they promise high returns
Have been trying for 3 week to withdraw my money they refused
Do Not Invest with Vcexchange you won’t get your money back
Vcexchange are nothing more than Scammers
Bruce
Yes, I had the same issue
Do not invest any money with VCEXCHANGE when it comes time to withdraw your fund they won’t mKe all kind of excuses they are scammers
Warning to all do not invest with VCEXCHANGE
Do not invest with VCEXCHANGE it is a scam
Vcexchange wil not allow you to withdraw your funds want you to give more and more money
Vcexchange is a fraud it is a SCAM
One of Vcexchanges so called accounts manger Tomas do not trust him and any from Vcexchange it is a scam
Vcexchange is a Scam do buy into the high returns when it comes to withdrawing your funds they won’t allow it Tomas Body Foster is my so called account manager don’t trust him or any other account manager from Vcexchange nothing but Scammers
Vcexchange is a Scam great sell on high returns on investment Don’t give them your money they won’t allow you to withdraw your funds make all sort of excuses why you can’t have your money Vcexchange is a fraudulent scam
Vcexchange are the lowest of low in scamming that are abusive when you try to withdraw funds
4K Aud I am trying to recover from theses parasites
Vcexchange is a Scam!! great sell on high returns on investment only $250, You find out that it’s US dollars when they take the $390 off your card. Don’t give them your money they won’t allow you to withdraw your money, make all sort of excuses, like you have to pay commission and 20% tax. Vcexchange is a fraudulent scam
(1/5)
Massive scams avoid like the plague. They ring you from uncontactable phone numbers. Their agents are thieves and conmen who will try an entice you to deposit more money. You CANNOT withdraw your proceeds WITHOUT approval which supposedly takes 24 hours Theft pure and simple.
Your account manager is nothing more than a grifter
(1/5)
If I could rate this broker, they would get ZERO, seriously avoid VCExchange people.
If I could rate this broker, they would get ZERO, save your money and go to a properly registered brokerage
Vcexchange Thomas foster and Charles were great at taking my money . And all of it $200,000 never will I get it back.smooth talkers and even tho I had been through a flood and lost everything they both knew about my loss and still took my money, they are vulchers.
VCExchange is a rude scammer I’ve invested with them according to their charts I have US$35000 there they will NOT let me withdraw.
(1/5)
Have you paid your settlement tax in order for your funds within VCexchange to be transferred to your bank account and the funds have never been received on your end, post tax settlement?
That’s bullshit they are scammers.
(1/5)
Yes I have paid my taxes and they said they would refund it to my bank account and also paid escrow and then some guy called saying he was from binance and I needed to pay a settlement fee of $599 paid it twice
Still never seen it
They are all criminals
Don’t give anymore money it’s a scam .
Ask them for their licence.
They will send you v&cexchange which is a hair dressers in Melbourne Australia.
Vccurrency.com is the same SCAM DONT SEND THEM MONEY
(1/5)
Vcexchange is a scam
After 6 months of relentless pursuit I finally agreed to us$10,000 payment. My mistake. I actually felt sorry for her not making any commissions on my account! January 2023.
I said I was going to increase my account to $50,000 if I could successfully withdraw my money including the profits. They then asked for me to pay capital gains tax and commissions and closing fees. This in addition and not refunded from my profits. I knew then this was a scam. Since then I have said keep my profits and just refund my deposit. This never occurred and money is lost.
The website I can no longer access it says the IP address is not there
Don’t go anywhere near them completely scammers scum of the earth