VP Markets foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://trader.vpmarkets.com/register, about the company's legal and temporary regulatory information, the company's address .
VP Markets Forex Broker
Basic Information
United Kingdom
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Rating Index
VP Markets Forex Broker - Complete Information Guide
1. Broker Overview
VP Markets Global Ltd, founded in 2019, is an online trading platform headquartered in the United Kingdom. The company operates as a private entity and focuses primarily on retail forex trading, catering to a diverse clientele that includes individual traders and institutional investors. Since its inception, VP Markets has aimed to provide a comprehensive trading experience, offering various financial instruments and an intuitive trading platform.
The company's development has seen several milestones, including the launch of its trading platform and the introduction of multiple account types to suit different trading preferences. However, despite its rapid growth, VP Markets has faced scrutiny regarding its regulatory status. The company claims to be regulated by the National Futures Association (NFA); however, it has been reported that it operates without proper authorization, raising concerns about its legitimacy.
VP Markets primarily operates in the retail forex market, providing services that include forex trading, Contracts for Difference (CFDs), and cryptocurrency trading. The business model focuses on offering a user-friendly platform that allows traders to access various markets and manage their investments efficiently.
2. Regulatory and Compliance Information
VP Markets is currently classified as an unregulated broker, which means it does not hold a valid license from any major regulatory authority. The claims of regulation by the NFA have been disputed, as the NFA has no record of VP Markets as a registered entity. This lack of regulation poses significant risks to clients, as there is no oversight to ensure the safety of their funds.
The NFA license number cited by VP Markets is 0523791, but this is not recognized as a valid regulatory authorization for retail forex dealers. The absence of a legitimate regulatory framework means that the company is not required to adhere to standard practices such as client fund segregation or participation in investor compensation schemes.
VP Markets has not provided detailed information about its Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures. This lack of transparency raises further concerns regarding the safety and security of client funds, as well as the integrity of the trading environment.
3. Trading Products and Services
VP Markets offers a diverse range of trading products, including:
Forex Trading: The platform provides access to a wide array of currency pairs, including major, minor, and exotic pairs. Traders can capitalize on fluctuations in the foreign exchange market with competitive spreads.
Contracts for Difference (CFDs): Clients can trade CFDs on various assets, including indices, commodities, and cryptocurrencies. This allows traders to speculate on price movements without owning the underlying assets.
Cryptocurrencies: VP Markets also offers trading in popular cryptocurrencies such as Bitcoin and Ethereum, catering to the growing demand for digital asset trading.
The platform frequently updates its product offerings and aims to introduce new trading instruments to meet the evolving needs of its clients. However, specific details regarding the frequency of product updates and the introduction of unique trading instruments have not been disclosed.
VP Markets primarily focuses on retail trading services, but there may also be provisions for institutional clients. The company does not explicitly mention any white-label solutions or asset management services, which limits its appeal to a broader range of professional investors.
4. Trading Platform and Technology
VP Markets provides access to the widely recognized MetaTrader 4 (MT4) trading platform, which is known for its user-friendly interface and extensive features. The platform supports both manual and automated trading, allowing traders to execute their strategies effectively.
Key features of the MT4 platform include:
User-Friendly Interface: The intuitive design simplifies navigation and trade execution, making it suitable for both novice and experienced traders.
Charting and Analytical Tools: MT4 offers a variety of technical indicators, chart types, and timeframes, enabling traders to conduct thorough market analysis.
Automated Trading: The platform supports the use of Expert Advisors (EAs), allowing traders to automate their trading strategies and improve efficiency.
VP Markets does not appear to have developed its proprietary trading platform, which may limit its competitive edge in the market. Additionally, there is no mention of a web-based trading platform or mobile application for iOS and Android devices.
The execution model employed by VP Markets is not explicitly stated, but it is believed to operate on a Market Making basis. The specifics regarding server locations and technological infrastructure have not been provided, which raises questions about the reliability and speed of trade execution.
5. Account Types and Trading Conditions
VP Markets offers three main account types to cater to different trading preferences:
Standard Account: Requires a minimum deposit of $100, offers spreads starting from 0.1 pips, and does not charge commissions.
Pro Account: Designed for more experienced traders, this account requires a minimum deposit of $10,000 and provides tighter spreads starting from 0.0 pips without commission fees.
VIP Account: Tailored for high-net-worth individuals, this account mandates a minimum deposit of $50,000 and shares the same trading conditions as the Pro Account.
The platform offers a demo account for traders to practice their strategies without financial risk. Leverage of up to 1:500 is available across all account types, allowing traders to control larger positions with a smaller initial investment. However, this high leverage also increases the risk of significant losses.
Minimum trade sizes and overnight fees are not explicitly detailed, which may affect traders' decision-making processes when considering this broker.
6. Fund Management
VP Markets provides various deposit methods to facilitate fund management, including:
- Bank Transfers
- Credit/Debit Cards
- E-Wallets (such as Skrill and Neteller)
- Cryptocurrencies
The minimum deposit requirements vary by account type, with the standard account requiring $100. Deposit processing times are generally quick, although specific timeframes have not been disclosed.
There are no stated fees for deposits; however, traders should be aware that their banks or payment providers may impose charges. Withdrawal methods include similar options to deposits, but specific withdrawal limits and processing times have not been provided.
Withdrawal processing times are reported to vary based on the chosen method, with typical durations ranging from 1 to 5 business days. The platform's withdrawal fees and any associated costs have not been explicitly outlined, which could impact traders' overall profitability.
7. Customer Support and Educational Resources
VP Markets offers limited customer support options, primarily through email communication at support@vpmarkets.com. The absence of a live chat feature or phone support may hinder timely assistance for traders seeking help.
The company's support hours and language capabilities are not clearly defined, which could pose challenges for international clients. Additionally, the educational resources available to clients are minimal, consisting mainly of basic trading guides and video tutorials.
Market analysis services, such as daily market updates and research reports, have not been mentioned, indicating a lack of comprehensive support for traders looking to enhance their knowledge and skills.
Trading tools, such as calculators and economic calendars, are not detailed, which may limit traders' ability to make informed decisions based on market conditions.
8. Regional Coverage and Restrictions
VP Markets primarily serves clients in the United Kingdom and potentially other regions. However, specific details regarding the distribution of regional offices have not been provided.
The broker does not accept clients from certain countries, although the exact list of restricted regions is not disclosed. This lack of transparency regarding geographical limitations may affect potential clients' ability to engage with the platform.
Overall, while VP Markets offers a range of trading products and services, the significant concerns regarding its regulatory status, customer support, and educational resources necessitate careful consideration by potential clients. The lack of proper oversight and transparency raises questions about the safety and security of funds, making it essential for traders to conduct thorough research before engaging with this broker.
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Latest Reviews
Hiroaki
Japan
Introducing by a person named Naomi (account name: Chihori) on Line, I deposited 0.12 BTC to vp-marketfx.com and my account reflected $5810. In XRP futures trading, Naomi has a financial analyst teacher who says that if you follow his trading instructions, you will definitely make a profit, and the first MT4 trading made a profit of $960. I was urged to make an additional investment of 1 million yen to Naomi, but if I said that I didn't have such a large amount of money, it was reduced to 300,000 yen, and Naomi made a deposit of $4,400 even though I hadn't asked for it. After depositing 300,000 yen, I received a reply when I sent a trading order four times a week, but I traded in my own way and earned up to $16610. When I asked how to withdraw, there was a dedicated withdrawal link, and I was urged that the balance would not be withdrawn unless I paid 300,000 yen by the deadline. After continuing the transaction, the password was changed without permission and the transaction became unavaliable. When I asked Naomi, I wanted him to invest 300,000 yen, so I asked my teacher to change my password, and if I wanted a password, I was urged to deposit 300,000 yen. Before I knew it, there was a password re-registration form, so when I logged in for the first time in 10 days, the password was changed, and the transaction was made without permission that night, and I was in bankruptcy.
Exposure
2021-12-31
厚德载物95531
Hong Kong
Now it was renamed loacl bank. Software changed to MT4, MT5. Some people can't withdraw. Now it's called local fin. Enter local and check it. It continued to cheat. VP was previously entered. It's also the liar company.
Exposure
2021-11-16
FX1379760751
Japan
At the beginning, I was introduced by a Taiwanese woman, and when I tried withdrawal, I was able to withdraw, so I was relieved, I made an additional investment, and when I tried to withdraw, I could not do it, so when I consulted with her, I can not withdraw because tax is required I was told that it would be. I couldn't prepare it because it was a considerable amount of money, but until the beginning of this year I was able to contact her, but I couldn't get it at all, and I couldn't open an MT4 account. The woman is worried about being censored when it comes to the Chinese government and seems to be a Chinese woman rather than a Taiwanese woman. I opened this account, so I tried to withdraw again, but it didn't work.
Exposure
2022-02-04