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About WikiFX

Score

0 1 2 3 4 5 6 7 8 9
.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10
The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.

VONWAY

Hong Kong Hong Kong | 5-10 years |
ECN Account Regulated in Comoros | Forex Trading License (EP) | Suspicious Operational Region | High Potential Risk | Offshore Regulation

https://vonwayforex.com/

Website

Rating Index

Influence

Influence

D

Influence Index NO.1

Malaysia Malaysia 2.44
Surpassed 16.20% brokers
Business Region Search Statistics Ad Campaigns Social Media Index

Contact

+852 3615 1075
https://vonwayforex.com/
Room 606, 6/F, Hollywood Centre, 77-91 Queen’s Road West, Sheung Wan, Hong Kong
The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.

license Forex License 1

Company Profile 6
5-10 years
Regulated in Comoros
Forex Trading License (EP)
Suspicious Operational Region
High Potential Risk
Offshore Regulation
Warning: Low score, please stay away!
  • WikiFX has recorded a total of 10 user complaints against this broker. Please be aware of the high risks and exercise extreme caution.
3

Basic Information

Registered Region
Hong Kong
Operating Period
5-10 years
Company Name
Vonway Global Limited
Abbreviation
VONWAY
Employees
--
Email
info@vonwayforex.com
Contact Number
+85236151075
Address
Room 606, 6/F, Hollywood Centre, 77-91 Queen’s Road West, Sheung Wan, Hong Kong
AKJin

AKJin

Unverified

Malaysia

Profit a lot in this broker but still can withdraw until now not allowed me to withdraw for no reason and suspended my account. Please away this kind of weak broker that don't have such a big head but wear such a big hat. hahahahaha.

Exposure

FX1551015852

FX1551015852

Unverified

Malaysia

Cannot withdraw, scam, never use vonway again

Exposure

Fariz Nur Rosyid

Fariz Nur Rosyid

Unverified

Indonesia

I made a withdrawal of $3642 but the broker refused on the grounds that I had committed a hedging violation or used an EA but all this time I have been trading manually and not hedging and the broker has caused me losses

Exposure

akhirmali

akhirmali

Unverified

Indonesia

I know this broker and registered solely because someone would share signals with the condition of registering with this broker. However, when I tried to verify and verify, I was rejected and kept asking where I was rejected. Because I was annoyed, I immediately said "stupid cs" to their live chat and my account was immediately suspended. I feel very lucky to be suspended right away. I wouldn't know what would happen if I had already deposited. I would definitely be scammed by this broker.

Exposure

FX4195391785

FX4195391785

Unverified

Malaysia

I cannot withdraw profit 40.42 usd. Scam . They ask you to deposit 50usd to standard acc but after deposit you cannot withdraw that global profit

Exposure

tan8836

tan8836

Unverified

Malaysia

I bought at 2458.08 at 15:29:27 It was closed at 2454.82 at 15:29:27 Meta4 shows that the lowest point at that time was only 2456

Exposure

yvett

yvett

Unverified

Kazakhstan

Their spreads are consistently tight, allowing traders to maximize their potential profits. And when it comes to customer support, they're always there to help, no matter what the issue may be. Highly recommend Vonway for all your trading needs!

Positive

Positive

Mark Martinez

Mark Martinez

Unverified

Netherlands

Transparent fee structure - no hidden costs and everything is upfront. Fast and efficient deposit and withdrawal process keeps my money moving smoothly.

Positive

Positive

Surachai Chatchavalavanic

Surachai Chatchavalavanic

Unverified

Thailand

The overnight interest rates are very reasonable. Also, the trade execution is transparent and fair, greatly boosts my confidence in trading here. However, the stop-loss and limit order features are very basic and often glitchy.

Neutral

Neutral

刘宝齐

刘宝齐

Unverified

Malaysia

After depositing money, the balance is not increased. What should I do? Can you help to solve it?

Exposure

Lucius Teo

Lucius Teo

Unverified

Malaysia

PLEASE STAY AWAY FROM VONWAY!!!! Vonway freeze my account without giving me reasons after i got profit! ive sent them email since two weeks ago which is 2nd sept and not getting any feedback yet! they just freeze my account and not giving me any reasons! VONWAY SCAM !

Exposure

Marco766

Marco766

Unverified

Malaysia

I've placed a withdrawal request of 2380.92USD on 10/8/2023, It's been 7 days since my withdrawal placed, withdrawal status still showing pending check.One of the my friend, Vonway user, placed a withdrawal on 14/8/2023, and his withdrawal approved in just 3 hours.I ask live chat , but they just evading the problem , keep telling me they are facing high traffic.Even when I created a help desk ticket, the Vonway team also replying me the same answer , which they are facing high traffic.When I ask for a specific date or time which they will approve my withdrawal , they just escaping from my question, keep telling me the same answer which "due to  unforeseen circumstance, the withdrawal processing time is currently longer than usual". But thy other user withdrawal can approve immediately? But why mine take 7 days and still in pending check?Please pay me my profits.

Exposure

azam2637

azam2637

Unverified

Malaysia

Last June 22, 2023 i traded GBP news. 4 of my orders automatically closed below 180 seconds which already under violation by the Vonway policies . The issue is, i know they are only allowed to trade above than 180 seconds but during this news 4 of my orders was closed automatically below than 180 seconds. It seems like they close my order to start the manipulation and accuse me that i am using the Expert Advisor (EA) technique which is this technique also is under violation. Now they’re declined to withdraw the balance of my account with the reason their system detected that i’m using Expert Advisor (EA) system. They’re simplify accuse me while i’m just using buy and sell stop.

Exposure

FX1218739660

FX1218739660

Unverified

Vietnam

I was introduced to the Vonway platform two years ago by my friends Justin. And I left it due to its increasingly high trading fees and slow withdrawals. Well, I seem to made the right decision.

Neutral

Neutral

FX2046354843

FX2046354843

Unverified

Philippines

If it was this kind of fraud, I tried to withdraw $50 into my account, but it took a long time. In the case that the customer service is not working properly, a message was sent to e-mail to seek support, VonWay Group did not reply at all.

Exposure

FX4853056522

FX4853056522

Unverified

Indonesia

I tried to withdraw my $50 in my acc but it takes a long time. I emailed them but no one answered me

Exposure

16
Account Info
Deposit/Withdrawal
Business Region
Verified Site
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Official Website

Verified Site

  • United States vonwayforex.com
    104.24.117.250
  • United States vonwayfx.com
    104.28.21.233

Relationship Map

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VONWAY

Related Companies

VONWAY GLOBAL LIMITED(Hong Kong)
Hong Kong
VONWAY GLOBAL LIMITED(Hong Kong)
Deregistered
Hong Kong
Registration No. 2563823
Est. Date
Source Official Statement

Company Profile

Company Profile

Review summary

Vonway Review Summary
Founded2020
Registered Country/RegionHong Kong
RegulationAOFA (Offshore Regulated)
Market InstrumentsForex, indices, stocks, commodities, cryptocurrencies
Demo Account
LeverageUp to 1:2000
SpreadFrom 0.6 pips (Standard account)
Trading PlatformMT4
Minimum Deposit$50
Customer Support24/7 support
Live chat, contact form
Tel: +852 3615 1075, +269 39716565
Email: info@vonwayforex.com
Social media: Instagram, Facebook, X
Regional RestrictionsAfghanistan, Coted Ivoire, Cuba, Iran, Libya, Myanmar, North Korea, Puerto Rico clients are not allowed

Vonway Information

Vonway is an offshore regulated broker, offering trading on forex, indices, stocks, commodities and cryptocurrencies with leverage up to 1:2000 and spread from 0.0 pips on the MT4 trading platform. The minimum deposit requirement is $50.

Vonway's homepage

Pros and Cons

Pros Cons
Demo accountsOffshore regulated
Various contact channels
MT4 platform
Low minimum deposit requirement
Live chat support

Is Vonway Legit?

Yes. Vonway is an offshore regulated broker licensed by AOFA to offer services.

Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.
Anjouan Offshore Finance Authority (AOFA)Offshore RegulatedVONWAY GLOBAL LIMITEDRetail Forex LicenseL15967/VGL
Offshore regulated by AOFA
Domain information

What Can I Trade on Vonway?

Vonway offers trading on forex, indices, stocks, commodities and cryptocurrencies.

Tradable Instruments Supported
Forex
Indices
Stocks
Commodities
Cryptocurrencies
Bonds
Options
ETFs
What Can I Trade on Vonway?

Account Type

Here are three account types Vonway offers:

Account TypeMinimum Deposit
Standard $50
Raw Spread$50
Micro$50
Account comparison

Leverage

Vonway offers maximum leverage at 1:2000. The use of leverage can both work in your favour and against you. Leverage magnifies the returns from favorable movements in a currency's exchange rate.

Leverage

Vonway Fees

Account TypeSpreadCommission
Standard From 0.6 pips0
Raw SpreadFrom 0.1 pips$7/lot
MicroFrom 2 pips0

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT4Desktop, IOS, AndroidBeginners
MT5/Experienced traders
MT4 platform

Deposit and Withdrawal

Vonway accepts payments via credit & debit card, Echelon Pay, Walao Pay, Paytrust and Fpx.

Webmoney transactions once processed via bank transfer and accounts funded by Fasapay, Poli/Bpay, Skrill Bitcoin, Rapidpay and Klarna may incur additional charges. Once processed via bank transfer, the funds may take 3-5 business days to reach the bank account.

Payment OptionsMinimum DepositMinimum WithdrawalProcessing Time
Credit & Debit Card$50$251 working day
Echelon Pay
Walao Pay
Paytrust
Fpx
Deposit and Withdrawal
Deposit and Withdrawal

Company Profile

  • 5-10 years
  • Regulated in Comoros
  • Forex Trading License (EP)
  • Suspicious Operational Region
  • High Potential Risk
  • Offshore Regulation

News

Vonway Review: A Series of Unfair Account Suspension & Withdrawal Denial Complaints

Exposure Vonway Review: A Series of Unfair Account Suspension & Withdrawal Denial Complaints

Have made substantial profits through Vonway, but could not withdraw? Initiated the Vonway withdrawal request, but the same was denied on the grounds of hedging violation? Were your trade orders executed at an unfair price? Have you faced a trading account suspension by the broker without any explanation? These have allegedly become regular for many traders here. In this Vonway review article, we have shared a list of the top complaints against the forex broker.

Trade Smarter: MetaTrader 5 Now Available on Vonway

News Trade Smarter: MetaTrader 5 Now Available on Vonway

Introduction to MetaTrader 5MetaTrader 5 (MT5) is a world-renowned trading platform acclaimed for its powerful tools, multi-asset capabilities, and superior performance. As the successor to MetaTrader

WikiFX Broker Assessment Series | Vonway: Is It Trustworthy?

News WikiFX Broker Assessment Series | Vonway: Is It Trustworthy?

In this article, we will conduct a comprehensive examination of Vonway, delving into its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service. WikiFX endeavours to provide you with the essential information required to make an informed decision about utilizing this platform.

Vonway Wins "Best Online Global Broker" Award at Money Exhibition Asia 2024

News Vonway Wins "Best Online Global Broker" Award at Money Exhibition Asia 2024

Vonway, a leading figure in the financial services industry for South East Asia Region, has clinched the coveted "Best Online Global Broker" award at the Money Exhibition Asia 2024. This prestigious recognition highlights Vonway's exceptional performance, innovative services, and unwavering commitment to customer satisfaction in the fiercely competitive online brokerage sector.

Singaporean Millionaire Takes the Forex World by Storm: Seals Deal as New Owner of Vonway

News Singaporean Millionaire Takes the Forex World by Storm: Seals Deal as New Owner of Vonway

In a thrilling turn of events that has left the financial world buzzing with excitement, a millionaire from Singapore has made a bold move by acquiring Vonway, one of the hottest of forex brokerage in 2023. This groundbreaking deal not only solidifies the Singaporean tycoon's stature as a major player in the global financial scene but also signals the dawn of a new era for Vonway and the entire forex industry.

WikiFX Review: VonWay - If you don’t know now you know

Exposure WikiFX Review: VonWay - If you don’t know now you know

VonWay is an online forex broker offering a variety of financial instruments to its fellow clients all over the world. However, many of you still don’t know if this broker is reliable. Due to the recent complaints, we think it is a good time to make a comprehensive review of this broker so that you can have a clear understanding of this broker before you made a decision.

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Wiki Q&A

Is it risky to trade with VONWAY?

According to WikiFX data, Vonway holds a WikiFX Score of 1.61, indicating a profile with significant risk considerations. The broker's primary regulation is a single Forex Trading License (EP) from the Anjouan Offshore Finance Authority (AOFA) in Comoros, an offshore jurisdiction that provides limited client protection mechanisms compared to major financial centers.

04-02
United States

What regulatory licenses does VONWAY hold?

Vonway's regulatory standing is anchored to a Forex Trading License (EP) issued by the Anjouan Offshore Finance Authority (AOFA) in Comoros, bearing the registration number L15967/VGL. This is an offshore regulatory framework, and the broker operates without a license from top-tier authorities such as the FCA, ASIC, or CySEC.

04-02
United States

What is the full company name of VONWAY?

The broker operates under the full legal name Vonway Global Limited, which is registered in Hong Kong and has been in operation for an estimated 5 to 10 years.

04-02
United States

What is the minimum trade size at VONWAY?

The minimum trade size is defined by the account minimum deposit, which is $20 for a Standard account and $100 for an ECN/Raw account. The Standard account offers leverage up to 1:500 with spreads from 0.6 pips, while the ECN/Raw account provides leverage up to 1:300 with raw spreads starting from 0 pips.

04-02
United States

What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

04-02
United States

How can I determine if a forex broker is regulated?

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

04-02
United States

How is the WikiFX Score calculated?

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.

04-02
United States

How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

04-02
United States

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

04-02
United States
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※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qa@wikifx.com
Cooperation:business@wikifx.com