VQinvest attempts to portray itself as a regulated forex broker you can trust without worry. However, the reality is far from that. During our review, we found no grounds to regard VQinvest as anything other than another online scam. In this review, we’ll explain why it’s best to avoid VQinvest and guide you towards more reliable financial service providers.
VQinvest Regulation
| Guaranteed Funds | Segregated Accounts | Negative balance protection | |
| VQinvest | ❌ | ❌ | ❌ |
| UK regulated brokers | £85 000 | Yes | Yes |
| EU regulated brokers | €20 000 | Yes | Yes |
| AU regulated brokers | No | Yes | Yes |
| US regulted brokers | Yes | Yes | No |
The most crucial information about a financial services provider is its regulatory status. Licensed brokers offer comprehensive details about the company managing them, their location, the jurisdictions in which they are authorized, and the regulatory bodies overseeing their activities.
According to the customer agreement, VQinvest is operated by a company called VQinvest Limited, based in St. Vincent and the Grenadines (SVG).
VQinvest claims on its website that this makes it a regulated broker. But claims that the local Financial Services Authority in SVG regulates forex brokers are not true.
Upon visiting the website of the financial institution, it becomes immediately apparent that this jurisdiction does not oversee the activities of brokers. Consequently, brokers operating from this offshore area are not regulated.
Additionally, we could not find VQinvest among the companies incorporated in SVG. It is evident that this website is attempting to deceive us, and we do not actually know who we are dealing with.
The financial authorities in Russia have blacklisted VQinvest as an unauthorized broker.
Trading Platform
After registering an account, we gain access to the web-based trading software. Here is what it looks like:
It should be noted that the presence of trading software does not guarantee that the broker is genuine. Financial scammers often use manipulated trading platforms to convince victims that their money is being invested. However, this trading is entirely fictitious, with the money going directly into the scammers’ pockets.
While the platform provides basic features for placing orders, customizing charts, and applying technical indicators, it lacks the advanced functionality found in the industry’s most widely used trading platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms have become industry standards because they offer a wide range of features, including various customization options, multiple account usage, the ability to design and implement custom scripts for automated trading, and backtesting trade strategies.
Minimum Deposit
On the VQinvest website, we see two different versions of the required minimum deposit—100 USD and 1000 EUR. Such contradictions are typical of scam websites. Leading brands in the industry offer beginner traders starter accounts with very low minimum deposits. There is no good reason to take chances with shady brokers like VQinvest.
Payment Methods
| Deposit time | Withdrawal time | Price | |
| Bank wire | 2-5 business days | 5-10 business days | $25+ |
| Credit card | Instant | 24 hours | Free |
| PayPal | 1 hour | 24 hours | 2% |
| Skrill | 1 hour | 24 hours | 2% |
| Neteller | 1 hour | 24 hours | 2% |
| Crypto | 24 hours | 24 hours | Fee depends on crypto |
On the homepage of the website, we see credit card and wire transfer logos. However, in the deposit menu, the only available option is cryptocurrencies. This is typical of financial scammers. Cryptocurrencies are their preferred payment method because they offer a degree of anonymity to the scammer and do not allow the scammed to request a refund.
Genuine brokers usually provide clients with a broad selection of transparent payment methods, including bank transfers, credit/debit cards, and established e-wallets like PayPal, Skrill, or Neteller. If you’re interested in legitimate brokers that accept digital currency payments alongside conventional methods, there are options available.
Trading Instruments
The VQinvest trading platform purportedly includes currency pairs, cryptocurrencies, equities, indices, and commodities. However, we have no valid reason to believe this fraudulent website offers genuine trading opportunities. It is in your best interest to engage in financial markets only through diligently licensed brokers.
VQinvest Spread
In the trading platform, we observe a spread of 0.4 pips. However, VQinvest fails to provide supporting information on trading parameters, such as the availability of additional commissions. Consequently, we do not have a clear understanding of the actual cost of trading.
VQinvest Leverage
| Currency | Stocks | Crypto | Gold | Indices | |
| VQinvest | 1000:1 | 1000:1 | 1000:1 | 1000:1 | 1000:1 |
| UK regulated brokers | 30:1 | 5:1 | ❌ | 20:1 | 20:1 |
| EU regulated brokers | 30:1 | 5:1 | 2:1 | 20:1 | 20:1 |
| AU regulated brokers | 30:1 | 5:1 | 2:1 | 20:1 | 20:1 |
| US regulated brokers | 50:1 | ❌ | ❌ | ❌ | ❌ |
When registering an account, you have the option to select a leverage ratio of up to 1:1000. Such high leverage is not typically offered by regulated brokers. While trading with high leverage can lead to higher profits, it also significantly increases the risk of sudden and excessive losses. Leading regulators impose limits on leverage for retail traders. For instance, in the EU, UK, and Australia, the maximum permitted leverage is typically 1:30, and in the US, it’s 1:50. These maximum levels usually apply to trading major currency pairs, with even stricter limits on leverage for more volatile assets.
Withdrawal Requirements
| Trading volume requirement | Fee/Tax on withdrawal | Minimum withdrawal | |
| VQinvest | Bonus x40 | $30 | $10 |
| UK regulated brokers | No | No | No |
| EU regulated brokers | No | No | No |
| AU regulated brokers | No | No | No |
| US regulated brokers | No | No | No |
The minimum withdrawal amount is USD 10 with VQinvest, and they permit one withdrawal per month without commission fees. However, subsequent withdrawals will incur a fee of USD 30/EUR 25, which is considerably high. Legitimate brokers typically do not charge any transaction fees.
Furthermore, if the account has received a bonus, funds can only be withdrawn after meeting the minimum traded volume requirement of 40 times the bonus amount.
VQinvest Pros and Cons
| Pros | Cons |
| Notning to mention | False claims of regulation |
| Fake legal details | |
| Blacklisted | |
| Only crypto payments | |
| Very high withdrawal fees |