When you open their website, you are greeted with in-your-face text with large fonts and captivating images to incentivize your trading desires. But beyond the appealing design lies a dark secret.

This is not a legitimate trading platform. It’s a Forex and CFD hoax like Mega26. Therefore, we encourage you to read our Verbex Group review and learn the truth about this despicable scheme.

Legal Info: Is Verbex Group Regulated?

There is no valid legal documentation that would shed light on the background of this trading business, and there is no license or address, either. We only found two phone numbers corresponding to the UK and US area codes.

After consulting the internet, we discovered that the Ontario Securities Commission (OSC) recently warned against this fraudulent entity. Verbex Group is undoubtedly an anonymous website and not a legitimate trading firm. Sending them money is a terrible idea.

Instead, we recommend choosing firms regulated by recognized financial authorities like the FCA (UK), CFTC (US), ASIC (Australia), IIROC (Canada), and MAS (Singapore). These companies follow strict regulations, ensuring they provide clients with negative balance protection, segregate funds in top-tier banks, and sometimes offer compensation schemes.

Who Are Verbex Group’s Targets?

According to WHOIS, the verbexg.com website domain was created on January 18, 2024. Since then, the virtual thieves behind the platform have mainly been targeting traders and investors from the following countries: 

• United States
• United Kingdom
• Canada
• Switzerland

These countries have heavily regulated financial markets, enforced by stringent laws to prevent virtual scams and maintain financial stability. The regulation prohibits unauthorized entities like Verbex Group or SwissBorg from operating within their jurisdictions. Following the OSC’s warning, these fraudulent actors are unwelcome everywhere.

Trader Reviews – Sharing Experiences

We checked several forums for Verbex Group reviews. As of writing, the Forex black hats have received 26 comments and an average score of 2.5/5 (poor) on trustpilot.com. Many users expressed dissatisfaction regarding the platform and accused the firm of shady practices. 

“Investing in this platform should have been my greatest mistake ever. Everything turned out so bad. I begged for a withdrawal, but their support team did nothing,” one user wrote.

When looking for a transparent brokerage firm, it’s vital to consider the experiences of fellow traders and investors. Their candid reviews and straightforward feedback offer valuable insights. Before committing to a new investment, take the time to review genuine user testimonials and consult regulatory warning lists.

Which Trading Platform Is Available?

The Verbex Group trading platform’s website lacks detailed information about its functionalities. No app or download link is available, preventing us from evaluating it directly. We suspect it’s a web-based trading terminal, but the Verbex Group login page restricted our access to certain areas.

Typically, web platforms feature basic interfaces, limited tools, and advanced trading capabilities. They are also prone to manipulation, particularly if the broker is unlicensed. For this reason, we recommend opting for a regulated provider that supports established third-party software like MetaTrader 4, MetaTrader 5, or cTrader. These platforms offer advanced features such as automated and algorithmic trading, sophisticated charting, multiple timeframes, live market reports, and expert advisors.

Verbex Group Account Types

Trading Info – Leverage, Spreads, Commissions

Verbex Group offers a maximum leverage of 1:400, which is extremely high and risky. Such leverage can lead to substantial losses, so regions like Europe and Australia limit leverage for retail clients to 1:30 and North America to 1:50. Only experienced traders should consider using high leverage.

The website does not disclose trading costs, i.e., spreads and commissions. It’s alarming how negligent these crooks are. Although the minimum deposit for a classic Verbex Group account is 250 USD, which may seem reasonable, we strongly caution against trading with this untrustworthy provider.

Can Traders Use a Free Demo Account?

It’s unwise to risk your money immediately. Testing the platform with virtual funds before committing real capital is a smart strategy, allowing you to spot potential cyber risks early. 

Reputable brokers recognize this and typically offer risk-free demo accounts. Unsurprisingly, Verbex Group does not provide such an option, which is a significant omission, particularly for novice traders.

Deposit and Withdrawal Process

The website lists several payment methods for depositing and withdrawing funds:

• Credit/debit cards
• Wire transfers

If you cannot get a withdrawal, it’s time to explore other ways to recover your funds. Allow us to explain how to go about it.

If you funded your account using a MasterCard or Visa credit/debit card, you can request a chargeback through your bank if the transaction occurred within the last 120 days. For wire transfers, you may be able to recall the transaction through your bank, but only if the funds haven’t yet reached the scammer’s account.

If you’ve lost crypto on the platform, that’s tough. Recovering cryptocurrency payments is considerably more difficult. It requires advanced tools like CipherTrace and expert assistance. Fortunately, our experienced team is ready to guide you through this complex process.

Key Facts To Consider About Verbex Group

Verbex Group is an anonymous website posing as a legitimate Forex/CFD brokerage firm. The Canadian OSC exposed this scheme to prevent traders from falling victim to it. The con artists mainly target American, British, Canadian, and Swiss users.

We do not recommend trading on such platforms due to their unregulated status. If you have fallen prey to the Verbex Group scam, seek our professional help to recover your funds! A chargeback is your best option. Use the form below to book your free consultation with Scam Brokers Reviews and tell us more about your case. Our team will gladly guide you through the fund recovery process and assist you every step of the way.

Book your free consultation here and start the chargeback process.

FAQ Section

What is Verbex Group?

It is an anonymous website with no regulatory credentials or trading license deceiving users.

Is Verbex Group Legit?

No, this platform is not legitimate. The OSC has issued a regulatory warning against the platform.

Who Owns Verbex Group?

The Verbex Group broker is owned by a group of anonymous cyber fraudsters, not a legal entity..