The company is trying to carve out a place for itself in the forex industry through generous bonuses, supposed advantages, and appealing marketing language. However, behind all these flashy offers may lie a typical scam. In this Vonway Forex review, we will try to understand what this platform is really about and whether it deserves your trust.
The official website follows a standard brokerage layout. Vonway Forex uses a red, white, and gray color scheme, which overall is visually effective. The top menu includes sections about the company, trading conditions, FAQ, contact information, and additional features.
It cannot be said that this is just another generic template site. No, the company made an effort to create something more unique rather than relying on a ready-made design. However, there are still some shortcomings.
First, the website is available only in English. For greater accessibility, it should have been translated into major Asian, European, and Arabic languages, at the very least. Second, the company uses unoriginal images and stock photos. The site is filled with pictures of people, but they are just random images from the internet, not real employees. Third, Vonway Forex clearly targets inexperienced traders. This is evident in phrases like “Why you should claim our bonus”, “Sign up now and enjoy our exclusive bonus”, and “No initial deposit required”.
All in all, it’s a typical website with some flaws. There is no direct evidence of fraud, but there is also no assurance of reliability.
Vonway Forex provides all the standard communication channels for contacting their managers:
However, messengers like Telegram or WhatsApp are not supported. The live chat feature can leave users waiting a long time for a response, or none at all. Social media activity is also very low. For example, Instagram posts appear only once a month or less. Despite this, the account shows over 10,000 followers, with no engagement on the posts. This is a clear sign that followers are fake and that Vonway Forex is not popular.
The website lists MT4 and MT5 platforms, leverage up to 1:2000, zero spreads, and no commissions. However, let’s dig deeper and see what’s really behind these claims — and most importantly, whether these trading conditions can be trusted.
Let’s start with the minimum deposit. Vonway Forex states that the minimum entry point is $50. A demo account is also available for practice. As for the trading terminal, both MetaTrader 4 and MetaTrader 5 are supported. These platforms are widely used by professional traders — they’re fast and packed with indicators and expert advisors.
However, here’s where it gets suspicious: Vonway Forex claims to host its servers at Equinix NY4 in New York and says it works with 25 liquidity providers. That’s a bold statement. Typically, only brokers regulated by top-tier authorities like the FCA (e.g., Pepperstone or IC Markets) make such claims. Yet here, there is no mention of who these liquidity providers are or any explanation of the company’s business model.
Maximum leverage is 1:2000 on a standard account. That’s extremely high — excessively so. There are three account types:
Order execution is another murky area. The website talks about ECN and STP models, claiming there is no conflict of interest and that orders don’t go through a dealing desk. However, without regulation, these are just empty words. There’s no oversight to verify whether they actually route trades to the market. In other words, it could easily be false.
Additionally, Vonway Forex aggressively promotes bonuses. There are two: a $50 no-deposit bonus and a deposit bonus. These are classic tactics used to lure in novice traders. However, it’s important to understand: that bonuses always come with strings attached. Companies often make it so that withdrawing profits becomes nearly impossible. According to the terms, the bonus is credited to a special account called “NDB Global”, which means it operates under a separate set of internal restrictions. Most likely, you will not be able to withdraw either the bonus or the profits from it without meeting certain turnover requirements or making additional deposits.
At this stage of the review, we cannot say with absolute certainty whether this is a scam. That’s why it’s essential to look into licenses, legal details, and other key aspects of the broker’s operations.
The company claims it is managed by Vonway Global Limited. Formally, this entity is indeed registered in Hong Kong and appears in the corporate registry under CR No. 68042385. However, this is not a brokerage license — it’s merely a registered legal entity. In Hong Kong, all brokerage activities are regulated by the SFC (Securities and Futures Commission), and Vonway Forex does not appear in the SFC database. Moreover, the firm doesn’t even mention any SFC license on its website.
The second so-called “regulator” is the Anjouan Offshore Financial Authority (AOFA) from the Comoros Islands. The license number is L15967/VGL, and yes — it does exist. But only because AOFA issues licenses to practically anyone. There is zero oversight. Zero enforcement. Anyone can buy such a certificate for a small fee and call themselves a broker. This is not a joke. AOFA requires no auditor verification, no disclosure of beneficiaries, no client fund protection, and no financial reporting. In short, this “license” does not regulate the company. It simply allows them to write “we are licensed” on their website.
Offshore registration, lack of oversight, and anonymous owners are not just “formalities”. They represent a direct risk to any trader. Here’s why:
Reviews about Vonway Forex are quite revealing and provide a lot of useful insight. First, the majority of positive reviews are fake. They all sound the same, with no proof that the company plays fair or processes withdrawals. There’s no detail — just empty praise about how great, amazing, and safe everything is. Second, the real reviews are negative. Users complain about various issues, especially with withdrawing funds.
Vonway Forex is an unregulated offshore broker that attracts beginners with aggressive marketing and fake reviews. Formally, the company is registered, but in reality, no one monitors how it operates. There are no legal guarantees, no insurance, and no real protection for your money.
Helen always knew that her passion for journalism was more than just a hobby. It was a potential career. She began her professional journey at a local newspaper in the small town where she was born. Writing on a variety of topics, from local news to financial reviews, her persistence and investigative talent soon caught the attention of editors at larger publications. We are thrilled that Helen accepted our offer and now writes for fincapital-reviews. Her exposés always create a buzz. Sometimes, we think Helen could easily open her own detective agency.
In short: Vonway Forex is an unregulated offshore broker – do not trust these scammers. Their “license” from Anjouan is not a regulation, it’s just a piece of paper. If they drain your account or block it, you will have no way to prove anything. I’m writing this because I got scammed myself: everything seemed smooth at first, then trades started getting rejected, one order froze, and eventually the account went into the red for no clear reason. I contacted support – they ignored me. A friend of mine had a similar experience. I’ve worked with real brokers before, and the difference is massive!
I decided to try Vonway Forex because of the flood of positive reviews, and I liked the $50 no-deposit bonus offer. I opened an account, set everything up, and MT4 worked fine. I traded for a couple of weeks and even made about $90 in profit. But when I tried to withdraw, they told me I had to meet a 25x turnover requirement. That means trading a volume that’s just unrealistic for a beginner. After refusing, the platform began to lag — quotes froze, orders executed with slippage. Now I’m thinking about leaving because I have no idea who these people are or where to file a complaint…
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