Is Fake Exness (vipexnessfx.com) Legit or a Scam? 5 Key Questions Answered (2025)

You are likely looking at this broker because you saw an advertisement for “Exness” or a similar high-yield opportunity. However, you need to be extremely careful right now.

According to WikiFX data, this specific platform (operating at vipexnessfx.com) has a Score of 1.27 out of 10. This is a “low score” warning.

The data indicates this entity was established in 2024 and is registered in Seychelles. Crucially, WikiFX has labeled this entity as “Fake Exness” (a clone), meaning it is impersonating a well-known brand to confuse investors.

Here is what the data reveals about their safety and fees.

Question 1: Is my money safe with this broker?

The Evidence

According to the WikiFX regulatory database:

• Regulator: The broker claims regulation by the Seychelles FSA (License No. SD018).
• Status: WikiFX marks this status as “Unverified” (Unauthorized).
• Identity: The system has flagged this broker specifically as a “Fake/Clone” of the legitimate brokerage “Raw Trading Ltd” (Exness).

The Verdict

No. Your money is at extreme risk.

What this means for you

This is a classic “Clone Broker” scenario. Legitimate brokers operate under strict oversight. However, this platform is using the name and details of a real company to trick you into depositing. Because their regulatory status is Unverified, there is no legal separation between your money and the broker's accounts. If they shut down the website vipexnessfx.com tomorrow, there is likely no government authority you can call to get your money back.

Question 2: Are the trading fees and leverage fair?

Leverage Analysis

The platform offers a maximum leverage of 1:1000.

While professional traders use leverage to amplify gains, for a beginner, 1:1000 is extremely dangerous. It means a market move of just 0.1% against your position could instantly wipe out your entire account balance. Combined with the “Clone” status, high leverage is often used as a tool to drain client accounts quickly.

Cost Analysis

• Standard Account: The main spread is listed as 0.8.
• Raw Spread Account: The main spread is listed as 0.0.
• Entry Condition: The minimum deposit is $200.

While a 0.0 spread sounds attractive, you must ask yourself: “So what?” If the broker is unregulated or a clone, low fees are often a “honey trap” designed to lure you in. Cheap trading costs do not matter if you cannot withdraw the principal.

Question 3: Why aren't there any complaints?

We checked the WikiFX database and found 0 complaints so far.

Does this mean it's safe?

Absolutely not. The lack of complaints is likely because:

1. It is too new: The broker was established in 2024. Scams often operate for a few months before users realize they cannot withdraw funds.
2. Low Volume: Only a few people may have signed up so far.

Do not mistake silence for safety. In the financial world, a new, unregulated broker with zero feedback is a high-risk gamble, not a hidden gem. Always refer back to the License (Question 1)—that is the only true measure of safety.

Final Verdict: Should I open an account?

Based on the WikiFX Score of 1.27 and the “Unverified” regulatory status, we strongly advise you to AVOID this platform.

The data explicitly labels this broker as a “Fake” or “Clone” entity. It is attempting to mimic a famous brand to gain your trust. There are many fully regulated brokers available; there is no reason to risk your capital with an imitation platform.

Brokers change their terms often. Before you click 'Deposit', take 5 seconds to verify their live status and latest certificate on the WikiFX App.