Veonco Group Ltd Review: Is veonco.com a scam? Is it Legit? How much do you know about this broker? Read our review to know what our experts have to say about this broker. We have had a lot of readers sending us mails to tell us of their experience with Veonco trading platform. As a result of this, we decided to write this review, to answer the questions we know you’re asking.
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What is Veonco?
veonco.com claims it is one of the most secure online trading environments available anywhere in the forex industry. That their extra measures in safety have positioned them as the front runner in responsible trading, and they are now setting new standards in safety amongst their counterparts in the FX industry.
They allegedly offer clients of all experience levels opportunities to be sustainably successful in the online trading of forex, commodities, energies and indices. As can be seen from their homepage, Veonco offers trading in stocks, commodities, Cryptocurrency, forex, Indices, trading margins and trading products.
What Veonco Say They Offer
Veonco.com claims to offers potential traders the following:
- Latest Trading platform
- 100+ Trading Instruments
- Funds Security
- Tight Spreads
- Maximum value and Reliability
- Negative Balance Protection
- Superior Trade Executions
- Multiple Account Options
Veonco Trading Software- The Truth They Wouldn’t Tell You
Veonco claims to use two types of trading platforms, MT5 and their custom made platform- Apple Mobile MT5, Andriod Mobile MT5 and Web Trader. However, these custom made platform has a lot of problems as it was not tested by professionals. It also does not offer ample security as with an established platform such as Meta Trader 4 or Meta Trader5.
Most members have been complaining of slow speeds when executing. This means that the platform is unstable as it is not compatible with certain devices such as Mac and tablets. .
Veonco Withdrawal and Deposit Methods & Fees
Veonco minimum deposit requirement is $100. You can deposit funds either Credit/Debit card or Wire Transfer. However, the problem we have with this platform is that no member has ever withdrawn funds with this platform. Without withdrawing funds, it makes this platform a clear scam.
Is Veonco Group Ltd Licensed?
Not only are the owners of this brokerage anonymous, background information like contact address, date of creation, regulation and licensing are also lacking.
Veonco Group Is neither regulated nor licensed by any trusted financial body like the Australian Securities and Investments Commission, FCA andCySEC. What this means is that there are no watch dogs overseeing that they keep to the end of their bargain.
Also, in terms of security, though this platform claims it offers maximum security, It lacks DDOS and SSL Certificate. Yeah, you heard us well. This platform is very much vulnerable to hackers.
Veonco Group Ltd makes use of hired call agents as Account managers. These Account managers know next to nothing about trading. Their job is to convince you into investing with this platform. If you show concern about inability to withdraw funds, they would keep on feeding you lies, brianwashing you into thinking everything is under control.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website