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 * Veonco Forex Review – Is Veonco Forex a Scam?


VEONCO FOREX REVIEW – IS VEONCO FOREX A SCAM?

Business
By admin Last updated Oct 11, 2022

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VEONCO FOREX IS A SCAM.

There is a lot of evidence to suggest that Veonco is a scam. The website looks
slick and offers a professional layout, but the truth is that the site isn’t as
legitimate as it seems. Although Veonco claims to use a custom-made platform,
this platform lacks security and features and is not tested by professionals. It
also suffers from slow execution speeds and is not compatible with specific
devices.

The company isn’t a legitimate broker if it contacts potential traders on social
networks or through cold calling. A legitimate broker will only contact you
after you’ve registered. In addition, a scammer will usually ask you to leave
comments or write down account numbers after you’ve paid. These fake deposits
don’t even count as actual money. They are only a fake version of a demo
account. The money you deposit will go straight to the scammer.


IT OFFERS TRADERS TO LEVERAGE UP TO 1:200

Veonco forex offers traders to leverage up to one hundred and twenty percent,
which means you can deposit $100 and receive up to ten thousand dollars to
invest. This high leverage is beneficial for traders since it helps you to earn
more profits while keeping your risk capital to a minimum.

This high leverage benefits traders who wish to try high-risk trading, but it is
essential to remember that you’re also risking your capital. Higher leverage
limits can lead to higher losses, so trade conservatively. However, if you’re
confident in your trading skills, leverage can help you earn more money faster.




IT IS AN OFFSHORE BROKER.

Veonco forex is an offshore broker that offers a web-based trading platform. The
platform does not support the MT4 trading platform, but it has excellent
charting capabilities and the ability to use Expert Advisors for automated
trading. Veonco also offers various CFDs, including currency pairs and stocks.
You can also trade cryptocurrencies, including Bitcoin and Ethereum, with this
broker.

Traders should always perform due diligence before investing in any forex
broker. Fortunately, the NFA and other regulatory bodies have implemented new
laws and procedures to keep the forex market safe for traders. These changes
have helped drive out a few crooks and made the system more legitimate for good
firms. However, it is still essential to look for new forex scams. The
possibility of huge profits will always attract sophisticated scammers.


IT IS NOT LICENSED OR REGISTERED.

Veonco forex is an offshore broker that offers clients an internet-based trading
platform. It does not offer the popular MT4 trading platform but has many
advantages. Its leverage is generous, up to 1:200, and the minimum deposit is
much lower than industry standards. The spread is a low three pips.

However, the company has not been licensed or registered and does not disclose
ownership information. There is also no information on its website about the
company’s ownership. This leaves more questions than answers. Beware of trading
with unlicensed and unregistered companies. You could lose your money and get
scammed.

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