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Saint Vincent and the Grenadines|2-5 years|
Regulated in United States|Suspicious Regulatory License|MT4/5 full license|Regional Brokers|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|


Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

Server Name
VanavelCryptoTech-DEMO MT4
Server Location Singapore


+1 784 485 6124
First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and The Grenadines.


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

Single Core



Open Now

Contact number


+1 784 485 6124

Broker Information


Company Name

Vanavel Crypto Technology LLC

Company Abbreviation


Platform registered country and region

Saint Vincent and the Grenadines

Company website

Pyramid scheme complaint


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Warning: Low score, please stay away! 3
Previous Detection : 2023-11-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • United StatesNFA (license number: 0545180) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!

WikiFX Verification

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Vanavel · Company Summary

Note: Vanavels official site - is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

Vanavel Review Summary
Registered Country/Region Saint Vincent and the Grenadines
Regulation NFA (Unauthorized)
Market Instruments Over 100 forex asset pairs, CFDs and cryptocurrencies
Demo Account Unavailable
Trading Platforms MT4
Minimum Deposit $1,000
Customer Support Phone, email

What is Vanavel?

Vanavel, a trading platform based in Saint Vincent and the Grenadines, claims to offer a diverse range of trading instruments across various asset classes. Their platform of choice is MT4 (MetaTrader 4), a widely recognized and popular trading platform known for its stability and extensive functionality. However, it is important to note that Vanavel's regulatory status is deemed abnormal, as they currently operate without valid regulation from any government or financial authority. This lack of oversight raises concerns about the safety and security of the trading platform and its operations. Additionally, it is worth mentioning that their official website is currently inaccessible, which may indicate potential red flags and the possibility that the platform has absconded.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros & Cons
Pros Cons
• MT4 supported • Website is unavailable
• Phone and email support available • High minimum deposit requirement
• Diverse trading instuments • Not regulated
• No social media presence

Vanavel Alternative Brokers

There are many alternative brokers to Vanavel depending on the specific needs and preferences of the trader. Some popular options include:

  • XGLOBAL Markets - An online forex and CFD broker providing traders with access to a wide range of markets, advanced trading technologies, and competitive trading conditions through its innovative platforms and liquidity network.

  • AETOS - A global forex and CFD broker providing competitive trading services and advanced trading platforms to traders worldwide.

  • LIGHT FX - An innovative online brokerage that prides itself on offering competitive trading conditions, cutting-edge technology, and a user-friendly interface to empower traders of all levels.

Is Vanavel Safe or Scam?

United States NFA (license number: 0545180) The regulatory status is abnormal, so the official regulatory status is unauthorized. Vanavel currently has no valid regulation, which means that there is no government or financial authority oversighting their operations. Besides, the official website of Vanavel is inaccessible, indicating that the trading platform may have absconded. These make investing with them risky.

If you are considering investing with Vanavel, it is important to do your research thoroughly and weigh the potential risks against the potential rewards before making a decision. In general, it is recommended to invest with well-regulated brokers to ensure your funds are protected.

unauthorzied NFA license

Market Instruments

Vanavel offers a variety of trading instruments across different asset classes, including over 100 forex asset pairs, CFDs and cryptocurrencies.

- Forex: Vanavel offers a comprehensive range of Forex pairs for traders to invest in, including major, minor, and exotic currency pairs. Foreign exchange, or Forex refers to the trading of currencies. Countries, businesses and individuals all participate in this market, making it the most heavily traded market. Forex trading holds low entry barriers due to the fact that it is accessible to clients without requiring significant amounts of capital by trading on margin. The continuously fluctuating exchange rate enables market participants to make profits by executing successful trades.

- Cryptocurrencies: The platform offers traders access to major cryptocurrencies such as Bitcoin, Ethereum, and Ripple. Cryptocurrencies present the opportunity to trade 24/7. Cryptocurrencies only exist in the blockchain and are accessible through codes called private and public keys. Cryptocurrencies are not affected by central bank policies and are regarded as a highly accessible instrument.

- CFDs : CFDs, or Contract for Difference, are a type of trading instrument that allows traders to speculate on price movements of various financial assets without owning the underlying asset.

Trading Platforms

Vanavel provides its clients with the popular trading platform MT4 (MetaTrader 4). MT4 is a powerful and user-friendly platform that offers a range of features and tools for traders of all levels of experience. It is renowned for its stability, robustness, and extensive functionality.

The MT4 trading platform offers a comprehensive charting package with a wide range of technical indicators and charting tools. Traders can analyze price movements, identify trends, and make informed trading decisions. The platform also supports the use of custom indicators, allowing users to further enhance their analysis.

MT4 also provides a secure and reliable trading environment, with advanced security measures in place to protect clients' accounts and data. Traders can access their accounts on MT4 from different devices, including desktop computers, smartphones, and tablets, allowing for flexibility and convenience in trading.


See the trading platform comparison table below:

Broker Trading Platform
Vanavel MT4
XGLOBAL Markets MT4, MT5

Customer Service

Customers can visit their office or get in touch with customer service line using the information provided below:

Telephone: +1 784 485 6124


Address: First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and The Grenadines


In conclusion, Vanavel is a trading platform that offers a range of services to its clients. The platform provides access to various financial markets, allowing traders to diversify their portfolios and capitalize on different trading opportunities. With its user-friendly interface and advanced charting tools, Vanavel's trading platform, MT4, caters to the needs of both beginner and advanced traders.

However, Vanavel has many problems. First, it doesn‘t have regulation. Second, it is because the official website of Vanavel is inaccessible that the relevant information doesn’t be provided, which makes trade not transparent enough. Therefore, traders should verify the regulatory status of Vanavel or any broker they choose to work with to ensure compliance with industry standards and regulatory requirements.

Frequently Asked Questions (FAQs)

Q 1: Is Vanavel regulated?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: How can I contact the customer support team at Vanavel?
A 2: You can contact via telephone, +1 784 485 6124 and email,
Q 3: Does Vanavel offer demo accounts?
A 3: No.
Q 4: Does Vanavel offer the industry leading MT4 & MT5?
A 4: Yes. It supports MT4.
Q 5: What is the minimum deposit for Vanavel?
A 5: The minimum initial deposit to open an account is $1,000.
Q 6: Is Vanavel a good broker for beginners?
A 6: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website and too high initial deposit.

User Reviews

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more than one year
SCAM. They refused to refund any of my deposits- thousands of dollars. Although they have absconded with the inaccessible website, I will never give up and I am in the process of taking further action to recover my money.
2022-12-08 15:08
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