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Vonway

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Operating status: SCAM

Website: https://vonwayforex.com/

Broker violations and abnormal records
  • 2022-07-27 BrokersView has Reviewed that Vonway is an Unregulated Forex Broker

    Vonway is a total scam. Vonway claims it is a trading name of Vonway Global Limited, a company registered in Saint Vincent and Grenadines Financial Service Authority (SVG FSA) under registration number 24611 IBC 2018. When we searched in SVG FSA, we found the number belongs to a company named "TradingPro International Ltd" and there are no match results to Vonway Global Limited. Besides, SVG FSA is not a regulatory body that issues licenses for forex trading or regulates entities involving forex services. The truth is that Vonway is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

    Vonway is a total scam. Vonway claims it is a trading name of Vonway Global Limited, a company registered in Saint Vincent and Grenadines Financial Service Authority (SVG FSA) under registration number 24611 IBC 2018. When we searched in SVG FSA, we found the number belongs to a company named "TradingPro International Ltd" and there are no match results to Vonway Global Limited. Besides, SVG FSA is not a regulatory body that issues licenses for forex trading or regulates entities involving forex services. The truth is that Vonway is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
  • 2023-08-21 BrokersView discovers the change in Vonway's registration information

    According to BrokersView's records, Vonway used to claim to be registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA), which turned out to be a false statement.

    Recently, this scam updated its registration information on its website, saying Vonway Forex is a trading name of Vonway Global Limited, a company incorporated in Hong Kong under CR No 2563823 2017. We searched the Companies Registry of Hong Kong (CR) and did find matching entries. However, it is crucial to note that the mere registration with the CR doesn't mean being authorized to legally offer financial services/products in or from this jurisdiction.

    Since Vonway serves as a forex broker, it is required to obtain the license from the Hong Kong Securities and Futures Commission (SFC). But there is no name matched with "Vonway Global Limited" in the SFC Register.

    In essence, despite the change in its registration information, Vonway remains unsupervised by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. 

    Vonway is unequivocally a scam.

    According to BrokersView's records, Vonway used to claim to be registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA), which turned out to be a false statement.Recently, this scam updated its registration information on its website, saying Vonway Forex is a trading name of Vonway Global Limited, a company incorporated in Hong Kong under CR No 2563823 2017. We searched the Companies Registry of Hong Kong (CR) and did find matching entries. However, it is crucial to note that the mere registration with the CR doesn't mean being authorized to legally offer financial services/products in or from this jurisdiction.Since Vonway serves as a forex broker, it is required to obtain the license from the Hong Kong Securities and Futures Commission (SFC). But there is no name matched with "Vonway Global Limited" in the SFC Register.In essence, despite the change in its registration information, Vonway remains unsupervised by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Vonway is unequivocally a scam.

13 comments

farzana
In the past few months, I've traded with vonway. They have low spreads and good trading environment. I've taken advantage of their no-deposit bonus. They are helpful. You can have a try.You won't get disappointed.
2023-08-29
4
Reply
jessica
Vonway is one of the better broker out there today. The accounts are easy to open and the customer service people are pretty straight forward and helpful.
2023-08-29
4
Reply
Mark aiden
Here's my overall review of this broker, if you take the time to read all of their Terms and regulations you would know that this is a strict broker and i wouldn't call them a scammer. There are many broker that have issue but as far as vonway goes they are a trust worthy broker.Other than being able to withdraw 24/7, their customer support can help you with almost anything. Personally i would recommend this broker as long as you know what do to and not to do
2023-08-28
4
Reply
asiyah
A good broker.They have really fast withdrawals and the bonuses are quite nice. I got my payments very fast after I ordered the withdrawal.
2023-08-28
4
Reply
Paulina
Absolutely loving this broker for almost 2 years now... no issues at all. Plus, their customer support? Totally on point! They always answer my inquiries in a few minutes....🙌💯
2023-08-28
4
Reply
anne
I had some concerns before making my purchase, but the customer support team was incredibly helpful and answered all my questions promptly.
2023-08-28
4
Reply
Fendy Skipper
For me personally.. nothing wrong , i been using this broker almost 8 months, not to bad, only few times server down, this only my personal opinion.
2023-08-28
4
Reply
bunga
This broker manipulates a lot, when the client maintains profit they don't want to pay.
2023-08-27
2
Reply
keven chin
Please do not trust this vonway broker, you will get withdraw ur money fast on early stage when come to 7 time withdraw they will become slow and they will find a way to supended your accont like they have did it to me. Last I have 1,126 USD unable to withdraw. One thing they have hidden rule and they have send it to me TRADE BELOW 180 SEC is invalid the rules they send me 6.20 and the funny thing is you may not find it in clint aggreement there have only 6.18 show , I still dont noe what is the 6.19 but i Know the 6.20. conclusion withdraw all your money ASAP
2023-12-22
1
Reply
Hi Ming
low spread but I experienced lost my account around 5 days, poor customer service, live agent no reply at all, after I got back my account I immediate changed the broker (happened August 2023)
2023-09-05
1
Reply

1-10 of 13 comments

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