VINS FX has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.vinsfx.pro.
VINS FX offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: High security standards|Clean UI|Multiple order types
Cons: Inactivity fee applies after 12 months
My card was charged twice by VINS FX on the same day. I had to dispute it with my bank. VINS FX then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Tax reports included|Social trading features|Regular updates
Cons: Minor UI glitches occasionally
Do not use VINS FX for anything serious. I used them since I retired last year for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Easy withdrawals|Risk management tools
Cons: Desktop app not available on Linux
The reporting at VINS FX is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Professional team|Fast execution|Smooth onboarding
Cons: No fractional shares|Account statements could be more detailed
If you are reading this considering VINS FX - run. I wish I had read more negative reviews after hearing about them at a conference. I thought the positive ones were real. Maybe some are. My experience over for close to eighteen months has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Quick verification|Customizable dashboard
Cons: Minor UI glitches occasionally|Onboarding videos are outdated
I requested my data from VINS FX under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Regular updates|Tax reports included|Helpful community forum
Cons: Live chat only during business hours|Charting tools need more indicators
After doing some research AFTER the fact (I know, I should have done this first), I discovered that VINS FX is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Professional looking website
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
I was about to invest with VINS FX but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Conduct Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Flagged by Financial Conduct Authority|Cannot verify credentials
VINS FX locked my account without warning and demanded documents I had already submitted. for just over a year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Clear documentation|Smooth onboarding
Cons: Cannot customize dashboard fully|None so far
The platform itself is okay, but the customer service at VINS FX is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Good analytical tools|Low minimum deposit|Responsive team|Full transparency
Cons: Nothing significant|No fractional shares