VS Market Limited foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://clientportal.vsmarket-fx.com/register/trader/multi-step, about the company's legal and temporary regulatory information, the company's address .
VS Market Limited Forex Broker
Basic Information
Hong Kong
2-5 years Suspicious Regulatory License Suspicious Scope of Business Australia Appointed Representative(AR) Revoked High potential riskRating Index
VS Market Limited Forex Broker - Complete Information Guide
1. Broker Overview
VS Market Limited is a forex brokerage firm that was established in 2021. The company is headquartered in the Hong Kong SAR, operating as a private entity. It primarily serves retail clients interested in trading various financial instruments, including forex, commodities, and cryptocurrencies. Since its inception, VS Market Limited has aimed to provide a diverse range of trading options to its clients, facilitating access to global financial markets.
The company has evolved over its short history, focusing on expanding its market reach and enhancing its service offerings. Key milestones include the launch of its trading platform and the introduction of various account types to cater to different trading needs. VS Market Limited operates under the brand name of VS Market Pty Ltd, which is associated with its parent company. The business model of VS Market Limited is primarily centered around retail forex trading, offering both STP (Straight Through Processing) and ECN (Electronic Communication Network) services.
2. Regulatory and Compliance Information
VS Market Limited operates in a regulatory environment that raises concerns regarding oversight and compliance. The brokerage claims to have a license under the Australian Securities and Investments Commission (ASIC) with license number 001294889. However, this license has been revoked, indicating that the broker is currently unregulated. This lack of regulation poses significant risks for investors, as there is no governing body to oversee their operations or protect client funds.
The firm does not participate in any investor compensation schemes, which further heightens the risk for traders. Client funds are reportedly kept in segregated accounts, but the absence of regulatory oversight means that there is no guarantee of the safety of these funds. Furthermore, VS Market Limited adheres to basic Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, although specific details on these policies are not extensively disclosed.
3. Trading Products and Services
VS Market Limited offers a diverse array of trading products, catering to various investment strategies and preferences. The broker provides access to a wide range of forex currency pairs, including major pairs like EUR/USD, GBP/USD, and USD/JPY, among others. Additionally, clients can trade CFDs (Contracts for Difference) across multiple asset classes, including:
- Indices: Major global indices such as the S&P 500 and DAX.
- Commodities: Precious metals like gold and silver, as well as energy products like oil.
- Cryptocurrencies: Popular digital currencies including Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP).
The firm is committed to updating its product offerings regularly, ensuring that clients have access to the latest market trends and investment opportunities. VS Market Limited also provides retail trading services, while institutional client services and white-label solutions are available for eligible partners.
4. Trading Platforms and Technology
VS Market Limited supports the MetaTrader 5 (MT5) trading platform, which is widely recognized for its advanced features and user-friendly interface. The MT5 platform is available on multiple devices, including Windows, iOS, and Android, allowing traders to access their accounts and execute trades from anywhere.
The brokerage employs an ECN execution model, which facilitates direct market access and ensures competitive pricing. The servers are strategically located to enhance trading speed and execution times. Additionally, VS Market Limited offers API access for automated trading, allowing clients to implement algorithmic trading strategies seamlessly.
5. Account Types and Trading Conditions
VS Market Limited provides several account types designed to accommodate different trading styles and preferences. The standard account conditions include:
- Minimum Deposit: The minimum deposit requirement is set at $10,000.
- Spreads: Competitive variable spreads starting from 0.1 pips on major currency pairs.
- Commissions: Details regarding commissions are not extensively disclosed.
Higher-tier accounts, such as VIP or professional accounts, may offer additional benefits, including lower spreads and enhanced trading conditions. The broker also provides demo accounts for traders to practice without risking real capital.
Leverage options range from 1:100 to 1:400, allowing traders to amplify their positions. The minimum trade size is set at 0.01 lots, and overnight fees apply to positions held beyond the trading day.
6. Fund Management
VS Market Limited supports various deposit methods, including bank transfers, credit cards, and electronic wallets. The minimum deposit requirements differ based on the account type, with the standard minimum being $10,000. Deposits are typically processed within 1 to 5 business days, although specific processing times may vary depending on the chosen method.
The brokerage does not publicly disclose any deposit fees, which may lead to uncertainty for potential clients. Withdrawal methods are similar to deposit options, and clients are encouraged to contact customer support for assistance. Withdrawal processing times are generally within the same 1 to 5 business day timeframe, but again, specific details on fees and limits remain unclear.
7. Customer Support and Educational Resources
VS Market Limited offers customer support through various channels, including email and telephone. The support team is available to assist clients with inquiries and issues that may arise during trading. The company provides services in English, catering to a global clientele.
Educational resources are somewhat limited, but the broker does offer market analysis services, including daily updates and research reports. Traders can also access trading tools such as calculators and economic calendars to enhance their trading experience.
8. Regional Coverage and Restrictions
VS Market Limited primarily serves clients in the Asia-Pacific region, with a focus on markets in Hong Kong and surrounding areas. The firm operates without a physical presence in many key financial centers, which may limit its appeal to certain traders.
Certain countries are restricted from accessing the services of VS Market Limited, particularly those with strict regulatory environments or where the broker does not hold necessary licenses. Specific details on these restrictions are not explicitly outlined, leaving potential clients to inquire directly with the brokerage.
In conclusion, the VS Market Limited broker presents a mixed offering of trading products and services, but the lack of regulatory oversight raises significant concerns for potential investors. While the firm provides access to a range of financial instruments and utilizes a reputable trading platform, the risks associated with trading through an unregulated broker should be carefully considered by all potential clients.
VS Market Limited Similar Brokers
Latest Reviews
Daniel6315
United States
I opened an account with VS market limited on May 24th this year via WhatsApp. Account: 80100131. Every time I make a deposit (deposit), I have to ask the commissioner for bank remittance information. Each time it is a different company or private account. (both in Hong Kong). The WhatsApp account of the commissioner of VS Market Limited is 85257003310 1) Deposited $109,905 on May 27, bought 109 lots of EUR on May 30, and made a profit of $23,871; 2) Deposited $102,381 on June 2 and bought it on June 3 236 lots of AUD, profit of $46,020; 3) Deposit $27,246 on June 14, buy 309 lots of AUD on June 17, profit of $46,350; 4) Buy 355 lots of EUR on June 23, profit of $74,550; 5)6 Apply for withdrawal of USD 430,000 on June 26, 6) Deposit $44,842 on June 27; 7) Buy 45 lots of EUR on June 28, and make a profit of $9,045; 8) Received an email on June 30 that the withdrawal was successful, 9) However, on July 1st, I deposited it back into the account, because it did not meet the standard turnover. In order to prevent money laundering, I had to wait until my turnover reached the standard before I could withdraw! 10) On July 3rd, I bought 10 lots of ether each , making profits of $834 and $465, respectively. 11) Later bought 485.5 lots and 498.47 lots of Ether on July 5, making profits of $12,962.85 and $8,374.30, respectively. 12) On July 5th, because the current flow rate has reached the standard, the commissioner did not respond to the information at all when he wanted to withdraw money. The current balance in the account is $506,846.15. I don’t know if this money can be withdrawn, or if I encounter fraud, I would also like your professional assistance to see if you can help me get the money back. I would be very grateful! people suffer! The attached photo is the last conversation with the commissioner on Whatsapp, please refer to it. If you need more detailed information, please feel free to contact me, and it will be sent immediately.
Exposure
2022-07-06
FX3274187059
United States
I went to the bank to wire $50k to the broker. I received notification from VS MARKET that the $50k has been deposited into the broker account. Made $23k profit and when I try to withdraw they asked for bank information and then told me they submitted. They said once is complete they will withdraw the balance from the broker account. I received email stating that the money was removed from the broker account, but it never reached my bank account! Today I got an email stating that the money was deposited into the broker account. I was very confused and messaged the representative and they started making excuses saying I can’t withdraw and need to do more trade. That withdrawing is criminal activities such as money laundering.
Exposure
2022-07-02
VS Market Limited
News
Exposure VS Market Ltd: Withdrawal is Late or Never Coming?
The withdrawal process is always the stage wherein trading clients realize that they had been scammed by their respective forex brokers. However, once your money is in the hands of such a forex broker, there is no guarantee to retrieve it back entirely. Hence, due diligence is much needed to prevent any upcoming issues in the future.
xwes
Germany
Liars use the national karaoke software to attract the attention of deceived people, and then chat in the way of boyfriend and girlfriend. He claimed that his relatives worked at the top of the Bank of New York in the United States, knew insider trading information, and could conduct illegal foreign exchange manipulation. In the end, the deceived person is induced to download MetaTrader5. A specific customer service is introduced separately, and the so-called deposit and withdrawal are carried out through the customer service. The customer service claimed to use a random account with cooperation to recharge and deposit (multiple accounts filled in above). After being cheated, the customer service notified MletaTrader5 that the recharge was successful. Then, under the leadership of the crooks, I made several foreign exchange transactions on MetaTrader5, and the first few times were successful, and each time I made a profit of 20%. So the deceived people continue to deposit money wildly. Then, on the fourth time, the scammer deliberately selected a volatile foreign exchange transaction, which eventually caused the illusion that the market was volatile and led to liquidation. In fact, the money has already entered various so-called random accounts when the deceived people make money. Afterwards, the scammer claimed that the deceived person had insufficient funds to cause the liquidation, and even asked the deceived person to continue to borrow money (deposit). The deceived wakes up after losing more than 100,000
Exposure
2022-07-19