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Trade Vision Group

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Operating status: SCAM

Website: https://www.tradevision-group.net/

Broker violations and abnormal records
  • Sep 12, 2021 The German BaFin Added Lencher ExPro LLC into Its Warnings and Alerts

    On 13 Sep 2021, the German BaFin issued a warning that Lencher ExPro LLC is not licensed to conduct banking business or provide financial services, you may visit: https://www.bafin.de/SharedDocs/Veroeffentlichungen/DE/Verbrauchermitteilung/unerlaubte/2021/meldung_210913_novo-trade.html

    On 13 Sep 2021, the German BaFin issued a warning that Lencher ExPro LLC is not licensed to conduct banking business or provide financial services, you may visit: https://www.bafin.de/SharedDocs/Veroeffentlichungen/DE/Verbrauchermitteilung/unerlaubte/2021/meldung_210913_novo-trade.html
  • Apr 24, 2022 BrokersView has reviewed that Trade Vision Group is an Unregulated Forex Broker

    Trade Vision Group claims it is owned and operated by Lencher ExPro LLC, a company registered in St Vincent and the Grenadines under the registration number: 1005 LLC 2021. We do find a match result to Lencher ExPro LLC in St Vincent and the Grenadines Financial Services Authority (SVG FSA). But SVG FSA does neither issue licenses for forex trading nor regulate any forex activities. Having registration in SVG FSA does not mean having regulation. This broker is merely a registered firm without any regulation.

    Besides, the company "Lencher ExPro LLC" is a well-known scam company which already been blacklisted by the German regulator Federal Financial Supervisory Authority (BaFin) in 2021. BaFin issued a warning that Lencher ExPro LLC is not authorized or regulated to conduct banking business or provide financial services. That means Trade Vision Group is not regulated by any regulators. Investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam.

    Trade Vision Group claims it is owned and operated by Lencher ExPro LLC, a company registered in St Vincent and the Grenadines under the registration number: 1005 LLC 2021. We do find a match result to Lencher ExPro LLC in St Vincent and the Grenadines Financial Services Authority (SVG FSA). But SVG FSA does neither issue licenses for forex trading nor regulate any forex activities. Having registration in SVG FSA does not mean having regulation. This broker is merely a registered firm without any regulation.Besides, the company "Lencher ExPro LLC" is a well-known scam company which already been blacklisted by the German regulator Federal Financial Supervisory Authority (BaFin) in 2021. BaFin issued a warning that Lencher ExPro LLC is not authorized or regulated to conduct banking business or provide financial services. That means Trade Vision Group is not regulated by any regulators. Investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam.

Related Complaints

Q&A

Who regulate Trade Vision Group? Is it safe?

Alex
Bolivia
Jun 02, 2022
ANSWER Trade Vision Group is not a licensed or regulated broker even though it states offers that look good to be true. Trade Vision Group is owned and operated by Lencher ExPro LLC, a company registered with the St Vincent and the Grenadines Financial Services Authority (SVG FSA) with registration number: 1005 LLC 2021. We do find a match result to Lencher ExPro LLC in SVG FSA. However, SVG FSA does neither issue licenses for forex trading nor regulate brokers offering forex activities. What's more, the German regulator Federal Financial Supervisory Authority (BaFin) issued a warning that Lencher ExPro LLC is not authorized or regulated to conduct banking business or provide financial services. You can check the full warning from here.The truth is that Trade Vision Group is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Trade Vision Group and trade with licensed brokers.
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15 comments

Irina Zlabys
Warning, this company Trade Vision Group does not have any regulatory license, I advise everyone to stay away from such companies. It is very likely to be a scammer.
Sep 15, 2023
Reply
Lenin Mohammadi
It was working fine for the first 3-4 months. But one day, it stop my refunds. Even after crossing 25 working day i have got nothing. They are not capable to track your payments. They just provide you the confirmation letter & tell you this much only they can give proof.
Sep 15, 2023
Reply
Feras Nassar
I felt pressured to make quick trading decisions based on Trade Vision Group's signals, which resulted in financial losses.
Sep 13, 2023
Reply
Krystian Sophocleous
I've contacted the customer service in the app 2 times and sent an email, they told me that the problem will be solved in 5 days, but nothing changed.
Sep 13, 2023
Reply
Binbin McIntyre
For your peace please stay away from Trade Vision Group. I was deceived to keep paying without any form of giving me back my investment or profit. I was smart enough to move faster and yes I got my whole money refund.
Sep 12, 2023
Reply
lukasz Giannobi
I've experienced slippage on trades, causing my orders to be executed at prices far from what I intended.
Sep 11, 2023
Reply
Alon Tsionoglou
Trade Vision Group's marketing hype didn't live up to reality. The actual performance of their trading signals was subpar.
Sep 01, 2023
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Mohammad Soo
The educational resources provided were outdated and didn't match the current market trends, making them less useful.
Aug 29, 2023
Reply
Hrishikesh Lu
I expected more in-depth analysis from Trade Vision Group, but their recommendations often seemed vague and lacking in detail.
Aug 25, 2023
Reply
Zoe Scognamiglio
The promises made by Trade Vision Group about potential returns didn't align with my actual experience, resulting in disappointment.
Aug 22, 2023
Reply

1-10 of 15 comments

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Risk Warning

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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