English

VC GROUP foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://www.vcgroup.com.hk/Module/portal/zL2-6_en-US.aspx, about the company's legal and temporary regulatory information, the company's address 6th Floor, Centre Point, 181 – 185 Gloucester Road, Wanchai, Hong Kong.

VC GROUP Forex Broker

Basic Information

Registered Region

Hong Kong

Operating Period

Company Name

VC GROUP

Abbreviation

VC GROUP

Company employee

Customer Service Email Address

info@vcgroup.com.hk

Contact Number

+85221018163

Company Website

http://www.vcgroup.com.hk/Module/portal/zL2-6_en-US.aspx

Company address

6th Floor, Centre Point, 181 – 185 Gloucester Road, Wanchai, Hong Kong

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Hong Kong Dealing in futures contracts Revoked

High potential risk

Company profile

VC GROUP Review Summary Founded 1986 Registered Country/Region Hong Kong Regulation SFC (Revoked) Products & Services Securities trading, corporate finance and asset management Demo Account Unavailable Trading Platforms N/A Minimum Deposit N/A Customer Support Phone, fax and email What is VC GROUP？ VC GROUP, established in 1986 and headquartered in Hong Kong, falls under the regulatory oversight of SFC, although its regulatory status is currently marked as revoked. Despite this, VC GROUP continues to offer a variety of financial services, including securities trading, corporate finance, and asset management.Clients can access customer support via phone, fax, and email. If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics. Pros & Cons Pros Cons Established Reputation SFC (Revoked) Diverse Financial Services Issues with Withdrawals Unclear Trading Conditions (accounts, funding methods, trading platform) Pros: - Established Reputation: VC GROUP has been operating since 1986, indicating a long-standing presence in the financial services industry, which may instill confidence in clients. - Diverse Financial Services: The company offers a range of financial services, including securities trading, corporate finance, and asset management, catering to various client needs and preferences. Cons: - SFC (Revoked): The fact that VC GROUP's regulatory status is marked as revoked raises significant concerns about its compliance and operational practices, potentially eroding trust among clients. - Issues with Withdrawals: Recent reports indicate problems with withdrawals on VC GROUP's platform, suggesting potential operational inefficiencies or liquidity issues that could negatively impact clients' access to their funds and overall satisfaction with the service. - Unclear Trading Conditions: Lack of clarity regarding trading accounts, funding methods, and the trading platform can lead to confusion and frustration among clients, hindering their trading experience and decision-making process. Is VC GROUP Legit or a Scam？ The Securities and Futures Commission (SFC) in Hong Kong, China, with a license specifically for dealing in futures contracts under the number ADK142, currently faces an unusual regulatory situation, as its official regulatory status has been revoked. This indicates significant regulatory concerns impacting its operations, leading to the withdrawal of its official standing. Products & Services VC GROUP offers a comprehensive suite of financial services tailored to meet the diverse needs of its clients: - Securities Trading: VC Futures facilitates the trading of both local and overseas securities, providing investors with access to a wide range of investment opportunities. They also offer margin financing to leverage investments, placing and sub-underwriting services, securities research, securities lending, and trading of futures, options, derivatives, and structured products. - Corporate Finance: The Corporate Finance Department specializes in providing financial services related to corporate finance and business expansion. This includes mergers and acquisitions (M&A), corporate restructuring, and advisory services. - Asset Management: The Asset Management Department of VC Group offers a range of alternative investment products to investors. Fees & Commissions VC GROUP offers a range of financial services, each associated with specific fees catering to the diverse needs of its clients. For securities trading in the Hong Kong market, clients can expect various charges. These include commission fees, which are a minimum of 0.25% of the gross transaction value (with a minimum of HK$100), a contract stamp duty of 0.1% (rounded up to the nearest dollar), a transaction levy of 0.0027% of the gross transaction value, a trading fee of 0.00565% of the gross transaction value, and a clearing fee of 0.002% (with a minimum of HK$2 and a maximum of HK$100). Fee Type Charge Commission Minimum 0.25% of gross transaction value (Min. HK$100) Contract Stamp 0.1% of gross transaction value (rounded up) Transaction Levy 0.0027% of gross transaction value Trading Fee 0.00565% of gross transaction value Clearing Fee 0.002% of gross transaction value (Min. HK$2, Max. HK$100) Additionally, there are fees related to banking and cash handling. For instance, telegraphic transfers incur a charge of HK$100 for local transactions and HK$250 for overseas transactions, while returned cheques carry a fee of HK$100 per cheque. Stock-related services like stock withdrawals or deliveries also involve specific charges, such as HK$100 per counter for stock withdrawals and HK$5.00 per transfer deed for physical stock deposits. Fee Type Charge Telegraphic Transfers (Local) HK$100 per transaction Telegraphic Transfers (Overseas) HK$250 per transaction Returned Cheques HK$100 per cheque Stock Withdrawals HK$100 per counter Physical Stock Deposits HK$5.00 per transfer deed Custodial services provided by VC GROUP, including monthly CCASS charges and dividend collection, also have associated fees. For instance, custody is generally free of charge, but there's a handling charge of HK$0.012 per board or odd lot. Dividend collection incurs a 0.5% charge on the gross dividend amount (with a minimum of HK$10 and a maximum of HK$10,000) and a HK$1.50 fee per board or odd lot. Other services, such as IPO applications, CCASS sub-account fees, and reprinting of statements, come with their own respective charges. For instance, IPO applications cost HK$50 for cash applications and HK$100 for financing applications. Additionally, there's a HK$50 monthly fee for CCASS sub-accounts and a HK$30 charge for reprints of previous monthly statements. Fee Type Charge Custody Handling HK$0.012 per board or odd lot Dividend Collection 0.5% of gross dividend amount (Min. HK$10, Max. HK$10,000)HK$1.50 per board or odd lot IPO Applications HK$50 for cash applicationsHK$100 for financing applications CCASS Sub-Account Fees HK$50 monthly fee Statement Reprints HK$30 per reprint of previous monthly statement User Exposure on WikiFX On our website, you can see a report of unable to withdraw. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you. Customer Service Customers can visit their office or get in touch with customer service line using the information provided below: Telephone: (852) 2101-8163 Fax: (852) 2913-6373 E-mail: info@vcgroup.com.hk Address: 6th Floor, Centre Point, 181 – 185 Gloucester Road, Wanchai, Hong Kong Conclusion In conclusion, VC GROUP presents a complex situation with both positive and negative aspects. Its long-standing presence in the financial industry and diverse range of services can appeal to clients seeking comprehensive financial solutions. However, the company's revoked regulatory status, issues with withdrawals, and lack of clarity regarding trading conditions raise significant concerns about its reliability and transparency. Frequently Asked Questions (FAQs) Question 1: Is VC GROUP regulated by any financial authority？ Answer 1: No. It has been verified that this broker currently has no valid regulation. Question 2: How can I contact the customer support team at VC GROUP？ Answer 2: You can contact via telephone: (852) 2101-8163, fax: (852) 2913-6373 and e-mail: info@vcgroup.com.hk. Question 3: Does VC GROUP offer demo accounts？ Answer 3: No. Question 4: What services and products VC GROUP provides？ Answer 4: It provides securities trading, corporate finance and asset management. 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 provided in this review may be subject to change due to the constant updating of the company's services and policies.

VC GROUP broker review

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Vc Group Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a Vc Group Account Registering for a Vc Group account is the first step towards accessing their services. Follow these detailed steps to complete the Vc Group re

Vc Group Forex Broker - Complete Information Guide

1. Overview of the Broker

　　Vc Group, officially known as Value Convergence Group, was established in 1986 and is headquartered in Wan Chai, Hong Kong. The company operates as a publicly listed entity, with its holding company, VC Holdings Limited, listed on the main board of the Hong Kong Stock Exchange under stock code 821. Vc Group primarily serves the Asian financial markets, catering to a diverse clientele that includes retail investors, institutional clients, and corporate entities.

　　Over the years, Vc Group has evolved significantly, marking several milestones in its development. Initially focused on corporate finance advisory, the company expanded its operations to include securities brokerage services in 1996 and futures and options trading in the subsequent year. The establishment of its asset management division in 2005 further diversified its service offerings, allowing Vc Group to provide clients with various alternative investment products.

　　The business model of Vc Group encompasses a range of financial services, including retail forex trading, institutional brokerage services, and asset management. As a recognized player in the financial services industry, Vc Group broker has built a reputation for its commitment to compliance and regulatory standards.

2. Regulatory and Compliance Information

　　Vc Group is regulated by the Securities and Futures Commission (SFC) of Hong Kong, holding the regulatory license number ADK 142. This license, however, has faced scrutiny, as there have been reports of its revocation in the past, raising concerns about the broker's compliance status. The regulatory license is crucial for maintaining investor confidence and ensuring the integrity of the financial services offered.

　　The scope of Vc Group's operations is primarily within Hong Kong, and it adheres to the local financial regulations that govern securities and futures trading. The company implements strict Know Your Customer (KYC) and Anti-Money Laundering (AML) measures to ensure compliance with international standards and protect against fraud and financial crime.

　　Client funds are held in segregated accounts, providing an additional layer of security for investors. However, the absence of a robust investor compensation fund raises concerns about the potential risk to clients' investments in the event of financial difficulties faced by the broker.

3. Trading Products and Services

　　Vc Group offers an extensive range of trading products, catering to various investor needs. The broker provides access to a wide array of forex currency pairs, including major, minor, and exotic pairs. The number of forex pairs available for trading is substantial, allowing clients to diversify their trading strategies effectively.

　　In addition to forex trading, Vc Group also offers Contracts for Difference (CFDs) across multiple asset classes, including indices, commodities, and equities. While specific details about the availability of cryptocurrency trading were not mentioned, the broker is known to provide access to traditional asset classes that appeal to a broad spectrum of investors.

　　The company frequently updates its product offerings, introducing new trading instruments to meet market demand. Vc Group broker also provides retail trading services, focusing on individual investors, as well as institutional services tailored to meet the needs of larger clients. Furthermore, the broker offers white-label solutions and asset management services, enhancing its appeal to a diverse clientele.

4. Trading Platforms and Technology

　　Vc Group supports the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, which are favored by many traders for their user-friendly interface and advanced trading capabilities. These platforms provide a comprehensive suite of tools for technical analysis, automated trading, and risk management.

　　In addition to MT4 and MT5, Vc Group has developed its own proprietary trading platform, offering clients a unique trading experience tailored to their needs. The broker also provides a web-based trading solution, enabling clients to trade seamlessly from any device with internet access.

　　Mobile trading applications for both iOS and Android are available, allowing traders to manage their accounts and execute trades on the go. The broker employs various execution models, including ECN and Market Making, to enhance trade execution quality.

　　The technological infrastructure of Vc Group is supported by robust servers located in secure data centers, ensuring reliable and fast order execution. Additionally, the broker offers API access for automated trading, catering to algorithmic traders looking to implement their strategies effectively.

5. Account Types and Trading Conditions

　　Vc Group provides several account types to accommodate different trading preferences and capital requirements. The standard account typically requires a minimum deposit, with competitive spreads and commission structures. Specific details regarding the minimum deposit, spreads, and commissions are available on the broker's website.

　　For more experienced traders, Vc Group offers premium accounts that provide enhanced features and benefits, such as lower spreads and personalized support. The availability of Islamic accounts for clients adhering to Sharia law is also a notable aspect of the broker's offerings.

　　The broker provides a demo account policy, allowing potential clients to practice trading without risk before committing real capital. Leverage ratios vary depending on the asset class, with different products offering distinct leverage options to suit traders' risk appetites.

　　The minimum trade size is set to accommodate both small and large traders, ensuring accessibility for all. Vc Group's overnight fees are clearly outlined, providing transparency regarding the costs associated with holding positions overnight.

6. Fund Management

　　Vc Group supports a variety of deposit methods, including bank transfers, credit cards, and e-wallets, making it convenient for clients to fund their accounts. The minimum deposit requirements vary by account type, with specific details provided on the broker's website.

　　Deposit processing times are generally quick, ensuring that clients can access their funds without unnecessary delays. However, any applicable deposit fees should be reviewed in advance to avoid surprises.

　　Withdrawal methods are also diverse, offering clients flexibility in managing their funds. The processing times for withdrawals are competitive, but clients should be aware of any potential fees associated with withdrawing their funds.

　　Overall, the fund management policies at Vc Group are designed to provide clients with a seamless experience while ensuring the security of their investments.

7. Customer Support and Educational Resources

　　Vc Group offers multiple support channels, including telephone, email, live chat, and social media, ensuring that clients can reach out for assistance whenever needed. The broker's service hours align with the trading sessions, providing timely support for traders operating in different time zones.

　　The broker supports multiple languages, catering to its diverse clientele and enhancing the overall customer experience. Educational resources are plentiful, with offerings that include webinars, tutorials, and e-books, designed to help clients improve their trading skills and market knowledge.

　　Market analysis services are also provided, including daily updates, news, and research reports, giving clients valuable insights into market trends and developments. Additionally, Vc Group offers various trading tools, such as calculators and economic calendars, to assist traders in making informed decisions.

8. Regional Coverage and Restrictions

　　Vc Group primarily serves clients in Asia, with a strong presence in the Hong Kong market. The broker has regional offices strategically located to support its operations and client base effectively.

　　However, there are specific countries and regions from which Vc Group does not accept clients, reflecting compliance with international regulations and local laws. Detailed information regarding these restrictions can typically be found on the broker's website or by contacting customer support.

　　In summary, Vc Group broker has established itself as a significant player in the financial services sector, offering a comprehensive range of products and services while adhering to regulatory standards. With a focus on customer support and education, the broker aims to empower its clients to navigate the complexities of the financial markets successfully.

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