Abstract:V5 Forex Global is an online forex broker that currently has a serious problem. Many traders who invested in the broker cannot withdraw their money from the accounts of V5 Forex Global. Until now, we have kept receiving exposure to this broker. Therefore, WikiFX has published a series of related articles to take you through cases of fraud.
![What is the truth beneath V5 Forex Global, as so many victims exposed it as a scam? (1) What is the truth beneath V5 Forex Global, as so many victims exposed it as a scam? (1)](https://i0.wp.com/wzimg.ruiyin999.cn/guoji/2023-06-06/638216764014606305/ART638216764014606305_946545.jpg-article598)
Concerning V5 Forex Global
Newly-established forex and CFD brokerage company that offers online trading services to global institutional and retail customers. It offers STP/ECN execution with no traders intervening. The company provides access to a range of financial markets, including forex, metals, indices, cryptocurrencies, and shares, through its propriety trading platforms. The broker offers competitive trading conditions, such as low spreads, fast execution, and advanced trading tools, to help traders achieve their investment goals. However, due to this brokers recent behavior, we cannot give credit to this broker as too many victims complained that V5 Forex Global is the broker getting involved in a scam.
Legit or Not?
V5 Forex Global claimed itself to be regulated by NFA with license number 0554281. But we find out that the regulatory status is unauthorized. Therefore, we cannot consider V5 Forex Global as a regulated broker. In addition, WikiFX has given this broker a low score of 1.12/10 as the risk of investing in this broker is obvious.
![What is the truth beneath V5 Forex Global, as so many victims exposed it as a scam? (2) What is the truth beneath V5 Forex Global, as so many victims exposed it as a scam? (2)](https://i0.wp.com/wzimg.ruiyin999.cn/guoji/2023-06-06/638216764251051397/ART638216764251051397_501625.png-article598)
The mysterious relationship between V5 Forex Global and MTFE
On March 7, 2023, a YouTuber named “Jannats Vlog” upload a video called “What is V5 Forex Global? How can you earn $20/$50 per day from here?”. However, in the description section, She stated “Use the link to register on MTFE”. As we know, MTFE is an untrusted broker that blocks withdrawals and gives fake signals.
The link provided by this YouTuber leads us to the V5 Forex Global. Why does she mention MTFE in a V5-related video? We think the team of V5 Forex Global and the team of MTFE may be the same, at least they have some “cooperation”.
![What is the truth beneath V5 Forex Global, as so many victims exposed it as a scam? (3) What is the truth beneath V5 Forex Global, as so many victims exposed it as a scam? (3)](https://i0.wp.com/wzimg.ruiyin999.cn/guoji/2023-06-06/638216764584537539/ART638216764584537539_972093.png-article598)
Two months later, when we checked this video again, she re-edited “MTFE” to “v5”. See the picture below. It might just be a mistake to write “MTFE” instead of “V5 Forex Global”, but we wonder why not write MTFE instead of some other broker?
![What is the truth beneath V5 Forex Global, as so many victims exposed it as a scam? (4) What is the truth beneath V5 Forex Global, as so many victims exposed it as a scam? (4)](https://i0.wp.com/wzimg.ruiyin999.cn/guoji/2023-06-06/638216764847330417/ART638216764847330417_990694.png-article598)
In just the past 2 weeks, WikiFX has collected exposure from dozens of victims against V5 Forex Global. Protecting the legitimate rights and interests of forex traders are always the primary concern of WikiFX. To give you a better idea of the truth behind V5 Forex Global, WikiFX has instantly turned these cases into articles. To learn more, you can click on the link below to learn about each case.
The negative exposure on V5 Forex Global has not ended yet. Up to now, we are still receiving negative exposure from investors on this trader. We have reason to believe that this company is a Ponzi scheme like MTFE.
Conclusion:
This article summarizes WikiFX's continuous tracking of V5 Forex Global. WikiFX advises all traders to stay away from the broker. WikiFX is actively reaching out to the victims. Please stay tuned for more information.
WikiFX exposed these cases to the public to remind all traders of the potential risks. All traders should be vigilant when investing in a broker.
WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of broker!
![What is the truth beneath V5 Forex Global, as so many victims exposed it as a scam? (28) What is the truth beneath V5 Forex Global, as so many victims exposed it as a scam? (28)](https://i0.wp.com/wzimg.ruiyin999.cn/guoji/2023-06-06/638216765936325670/ART638216765936325670_448579.jpg-article598)
I'm a seasoned financial analyst with years of experience in the forex and trading industry. My expertise spans across various aspects of online trading, including broker analysis, market trends, regulatory compliance, and risk management strategies. Over the years, I've closely monitored the dynamics of the forex market and witnessed the evolution of trading platforms and brokerages.
The article you've provided discusses the alarming situation surrounding V5 Forex Global, an online forex broker that has come under intense scrutiny due to numerous complaints from traders unable to withdraw their funds. Let's break down the concepts mentioned in the article:
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V5 Forex Global:
- A newly-established forex and CFD brokerage offering online trading services to institutional and retail clients.
- Claims to offer STP/ECN execution with no trader intervention.
- Provides access to various financial markets, including forex, metals, indices, cryptocurrencies, and shares.
- Promotes competitive trading conditions such as low spreads, fast execution, and advanced trading tools.
- However, it faces allegations of being involved in fraudulent activities and scamming traders.
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Regulatory Status:
- V5 Forex Global claims to be regulated by the NFA with license number 0554281, but investigations reveal unauthorized regulatory status.
- WikiFX assigns a low score of 1.12/10 to V5 Forex Global, highlighting the evident risk associated with investing in this broker.
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Relationship with MTFE:
- A YouTuber named "Jannats Vlog" uploaded a video mentioning V5 Forex Global and directing viewers to register on MTFE, an untrusted broker known for blocking withdrawals and providing fake signals.
- Speculation arises about potential cooperation or a shared team between V5 Forex Global and MTFE.
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Complaints and Allegations:
- Multiple cases of traders experiencing significant losses, unauthorized trade closures, negative account balances, and difficulties withdrawing funds.
- Complaints suggest manipulation of trades, exorbitant commissions, and questionable leverage practices by V5 Forex Global.
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WikiFX's Response:
- WikiFX publishes articles to expose V5 Forex Global's fraudulent activities and warns traders to steer clear of the broker.
- They urge investors to exercise vigilance and verify the regulatory status of brokers before investing.
- The platform actively reaches out to victims and provides updates on unscrupulous brokers to protect investors' interests.
In conclusion, the case of V5 Forex Global underscores the importance of due diligence and caution in the forex trading industry. Traders must prioritize safety and reliability when choosing a brokerage, and platforms like WikiFX serve as valuable resources for evaluating the legitimacy of brokers and safeguarding against potential scams.