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VEONCO -

Score

1.54 /10
Danger

VEONCO

United Kingdom

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

http://veonco.com

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Comparison

Quantity 27

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.26

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

MY SCM
2020-01-01
INVESTOR ALERT LIST
VEONCO

Broker Information

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Company Name

Veonco Group Ltd

Company Abbreviation

VEONCO

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 3
Previous Detection : 2025-04-30
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 26 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Exposure

27 pieces of exposure in total
Pyramid scheme complaint
Expose
Others

He is the founder of VEONCO

He cheats me of over RM50,000. Now he disappeared.

FX2539982092
2021-03-30 15:25
Others

VEONCO

Scam group cheated many of us money, don’t come out to mislead others without proper foreign exchange knowledge

FX2539982092
2021-06-04 16:19
Unable to Withdraw

Group

Every time I was asked to believe him and 10%-20% of the money would be received every month. As a result, I lost more and lost less. I haven't been able to get my money back. I keep saying that I ran away and called the police. If you lied to me, you can still drive a luxury car to buy a new home I lose, and I can’t withdraw money afterwards

FX2061649186
2021-05-22 18:31
Scam

This broker is a scam and they already closed their website!

Edit in backdoor mt4 Later. who deposit to join under Veonco ib, it will trade and burn your account. Then it will edit new account customer name to show you profit to trap you join repeat and repeat Editing in backdoor mt4. Inbox if u not convenience to post. Let page help u post all your losing money caused by Veonco ib. U can see no one yet deposit, so never trade to edit. Once u deposit veonco ib will start trade till lose all your capital. Now they already closed their website! Beware of their IB!

Gustavo@Fring
2021-12-30 11:46
VEONCO · Company summary

Note: VEONCO's official website: https://veonco.com is currently inaccessible normal.

VEONCOReview Summary
Founded2019
Registered Country/RegionUnited Kingdom
RegulationNot regulated
Market InstrumentsForex, indices, commodities, stocks, precious metals, and cryptocurrencies
Demo Account/
LeverageUp to 1:200
SpreadFrom 3 pips (Classic account)
Trading PlatformMT5, web-based
Min Deposit$100
Customer SupportEmail: support@veonco.com
Address: HugeDomains 2635 Walnut St. Denver, CO 80205

Veonco is an online Forex and CFD broker and is not currently subject to any effective regulation.

Pros and Cons

Pros Cons
Wide variety of trading assetsInaccessible website
Four types of trading accounts to choose fromNo regulation
Popular trading platform MT5Wide spreads
Few ways to deposit and withdraw funds
Only email support

Is VEONCO Legit?

The prerequisite of measuring the safety of a broker is to see if it is formally regulated.

Veonco is currently an unregulated broker, which means that clients' funds and trading activities on the Veonco platform are completely unprotected compared to those regulated well.

no regulation.jpg
domain.PNG

What Can I Trade on VEONCO?

Tradable Instruments Supported
Forex✔
Indices ✔
Commodities ✔
Precious metals✔
Stocks ✔
Cryptocurrencies ✔
Bonds❌
Options ❌
ETFs❌

Account Type

VEONCO offers four account types: Classic, Standard, Premium and Tailored.

Account TypeMin Deposit
Classic $100
Standard$3 000
Premium $10 000
Tailored $100 000

Leverage

The leverage of VEONCO is up to 1:200. High leverage always comes with high returns and high losses.

Spread and Commission

Spread on the Classic accounts starts at 3 pips, which is much higher than the industry standard, while spreads and commissions on other accounts are not known at this time.

Trading Platform

Trading PlatformSupported Available Devices Suitable for
Webtrader✔Web/
MT5✔Desktop, Mobile and WebExperienced traders
MT4❌/Beginners

Deposit and Withdrawal

VEONCO accepts deposits and withdrawals via the standard Visa and MasterCard, as well as bank wire.

News

NewsIs veonco.com scam or good forex broker?

Veonco is a forex and CFD broker who doesn’t disclose much details about the entity behind the operation. This, of course is a major issue, as well as the fact that this brokerage doesn’t hold a lgit forex license. So, if you are tempted by the seemingly attractive offer of Veonco, be sure to read the following lines first.

WikiFX
2021-12-16 23:12
Is veonco.com scam or good forex broker?
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User Reviews

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User comment

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チャンミン
more than one year
After I was defrauded of money by the scammer VEONCO, someone found me and said that he was also a victim and invited me to join the rights protection WhatsApp group chat. Unexpectedly, I was cheated out of money again in this so-called victim alliance group... I have lost my trust in human beings now.
After I was defrauded of money by the scammer VEONCO, someone found me and said that he was also a victim and invited me to join the rights protection WhatsApp group chat. Unexpectedly, I was cheated out of money again in this so-called victim alliance group... I have lost my trust in human beings now.
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2023-03-16 17:32
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