Trade Vision Group Review 2025
What is Trade Vision Group?
Trade Vision Group is an entity that operates in the realm of online trading. It is owned by Lencher ExPro LLC. The firm’s registered address is on the First Floor of the First St Vincent Bank LTD Building, located on James Street, Kingstown, in Saint Vincent and the Grenadines. The Trade Vision Group portrays itself as an upstanding brokerage located in Saint Vincent and the Grenadines. However, it’s important to note that the Saint Vincent and the Grenadines Financial Services Authority (SVGFSA) has publicly stated that they do not regulate the forex market. This implies that Trade Vision Group operates without any regulatory oversight within the region. Trade Vision Group offers trading and investment services in many countries without having a license from any regulatory authority in its country like CySec, ASIC, FCA, CNMV, etc. This unregulated status automatically raises red flags for traders seeking genuine and secure platforms. It’s also worth noting that Lencher ExPro LLC, the company that owns Trade Vision Group, is known to own other brands such as Onyx Trade Group and Novo Trade. These brands have been flagged as scams directed towards the UK and German citizens. In conclusion, while Trade Vision Group operates as an online trading broker, potential traders should proceed with caution due to its unregulated status and association with known scam companies. It’s always recommended to thoroughly investigate the credibility of any online trading platform to ensure a safe and informed investment decision.
What is the Review Rating of Trade Vision Group?
- Trustpilot: Trustpilot rated Trade Vision Group with a score of 46. This rating was last checked at 2024-01-06 00:19:02.
What are the Pros of Trade Vision Group?
Based on the available information, it’s challenging to identify clear advantages of Trade Vision Group. The company has been flagged by multiple sources as potentially problematic. However, it’s important to note that the company does offer a range of trading instruments. These include Forex (FX), commodities, indices, shares, and cryptocurrencies. This variety could be seen as a benefit as it provides traders with a wide range of options for diversifying their portfolio. Another potential advantage could be the company’s self-developed trading platform. This could offer unique features or user experiences not found on other platforms. However, without further information, it’s difficult to assess the quality or effectiveness of this platform. It’s crucial for potential investors to conduct thorough research and consider multiple sources of information before deciding to engage with any financial institution, particularly those involved in high-risk sectors like Forex trading.
What are the Cons of Trade Vision Group?
Trade Vision Group, a forex brokerage, has several notable drawbacks that potential investors should be aware of:. 1. Unregulated Status: Trade Vision Group is unregulated. It is owned by Lencher ExPro LLC, a company known for fraudulent activities. The broker is based in Saint Vincent and the Grenadines, a location known for its lack of forex trading regulation. 2. Lack of Transparency: The broker does not provide sufficient information on their website. Details about trading conditions, platforms, and minimum deposit requirements are not clearly stated. 3. Negative User Feedback: There have been negative feedback and scam reports associated with Trade Vision Group. This indicates a lack of trust and satisfaction among its users. 4. High Risk: Given its unregulated status and the negative feedback from its users, investing in Trade Vision Group could be risky. It’s always advisable to conduct comprehensive research and choose platforms that offer safety, security, and genuine trading experiences. 5. Connection to Other Suspicious Platforms: Trade Vision Group is connected to other suspicious platforms, further raising concerns about its legitimacy. 6. No Access to Trading Platform: There is no access to a trading platform, which is a major red flag. 7. Shaky Regulations: The broker is managed by a company that has been warned against by the German financial regulator BaFin. In conclusion, while forex trading can be a profitable venture, it’s crucial to choose a platform that is regulated, transparent, and has a positive reputation in the market. Trade Vision Group, unfortunately, does not meet these criteria.
Is Trade Vision Group Regulated and who are the Regulators?
Trade Vision Group is a forex brokerage that has been the subject of scrutiny due to its regulatory status. The company is owned by Lencher ExPro LLC, which is known for its involvement in fraudulent activities. Lencher ExPro LLC also owns two other brands, Onyx Trade Group and Novo Trade. The Trade Vision Group is based in Saint Vincent and the Grenadines. , a location often favored by scam brokers due to its lack of stringent regulation. The Financial Services Authority of Saint Vincent and the Grenadines is known for registering but not regulating companies. This lack of oversight has led to a proliferation of scam companies in the region. Despite its claims, Trade Vision Group is not regulated by any recognized financial authority. A review of registers from several Tier 1 regulators, including the FCA, CySEC, and ASIC, found no information on Trade Vision Group’s regulation. This lack of regulation implies that the firm is operating fraudulently. Furthermore, the German financial regulator, BaFin, has issued a warning against Lencher ExPro LLC for offering financial services in Germany without the necessary licensing. This further underscores the dubious nature of Trade Vision Group’s operations. In conclusion, Trade Vision Group is not regulated, and its operations raise serious concerns about the safety of funds invested with them. It is always advisable to deal with brokers that are regulated by respected financial authorities to ensure the safety of your investments.