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VisionQuest Forex Broker provides real users with * positive reviews, * neutral reviews and 21 exposure review!

VisionQuest Broker Review

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VisionQuest Review 21

Latest All(21) Exposure(21)
Exposure
Induce and Fraud

VisionQuest's so-called mainland agent - Ivy (Shanghai) Investment Management Center, I was bewitched by their company's so-called teacher Zhao Lingsheng, and assistant Lin Xi, and I opened an account and made a deposit. About two weeks later, my application for withdrawal was rejected and my account was frozen. I asked them and they sent me a notice from HSBC saying that I must re-deposit 50% of the total amount in the account. I have to prove that the source of funds in my account is legal before I can withdraw money. I asked for the address of their company sales department to verify the situation. One moment they said it was on the eighth floor of the DBS Bank Building in Pudong New Area, Shanghai, another moment they said it was on the tenth floor, and now they said it was around the building and they would send a car to pick me up. I asked my Shanghai friend to go to the building. The property management staff of the building said that there was no such unit in the building. He also said that many people have come to inquire about this unit in recent years. Damn liar. There are more than 9,100 US dollars in my account Can’t get money. Now the scam company (maybe a counterfeit) is still live broadcasting, inducing to deceive customers. The name of the live broadcast room is VisionQuest’s official future live broadcast platform. They call themselves "VisionQuest’s mainland agent--Ivy (Shanghai) Investment Management Center In the name of doing business, one of the so-called teachers is called Zhao Lingsheng. Everyone must be careful to avoid being deceived.

王允
2023-09-08
Exposure
Scam. I already report to police

I made a deposit of 7,000, and after earning 21,350, I applied for a withdrawal. The customer service refused to accept the withdrawal on the grounds that the card number was wrong. I checked the trading platform and the card number that was sent to her when the account was opened. It was correct, she said it was wrong and asked me to withdraw 2 A deposit of 10,000 yuan can be used to change the card number to apply for withdrawal.

A王凤德
2022-09-11
Exposure
VisionQuest is a fraud

Unable to withdraw after profiting,

财务人学K线一帆风顺
2021-04-14
Exposure
VisionQuest continues scamming.

VisionQuest continues scamming.

曾37253
2021-03-23
Exposure
Unable to withdraw

The fraud scams in names of Vision Quest and RuiDa. Now the fraud scams in JinNiu and ZhouSi living rooms.

FX3688361241
2020-12-27
Exposure
Can't withdraw funds in VisionQuest

The market hasn't been updated since December 9, 2020 and we can't trade. The customer service said the software was being upgraded. I applied for withdrawal on 11th but the witdhrawal hasn't been to my bank account. The customer service said I should deposit 50,000 to activate my account to withdraw funds for I didn't trade even once.

niw
2020-12-11
Exposure

There was an advertisement of win-win cooperation in November, 2020 of this company. My account was managed by the teacher and the teacher can get a split. I deposited ¥50,000 on November 8 and gave the plit to the teacher after operation. But I was told that the withdrawal channel was blocked and I have to pay ¥30,000 to update the channel.

否极泰来3030
2020-11-29
Exposure
Unable to withdraw

I’ve registered for quite a time. And I invited my friend to register today. My friend is careful and he just deposited a little and then he withdrew the money. The withdrawal arrived after a few minutes. So I though about withdrawing my money. However, the platform reminded me [can’t withdraw now]. I wondered why my friend could withdraw his funds but I can’t? The customer service said the withdrawal channel is upgrading. Is it a special treatment for me? Just my account?

FX3144012182
2020-11-19

  

VisionQuest 2025 Review: Everything You Need to Know

  Summary: VisionQuest has garnered mixed reviews in the forex trading community, with significant concerns about its regulatory status and user experiences. While it offers a range of trading instruments and accessible account types, numerous complaints highlight issues with withdrawals and customer service.

  Note: It is important to note that VisionQuest operates under different entities in various regions, which may affect user experiences and regulatory oversight. This review aims to provide a fair and accurate assessment based on available information.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 4
Tools and Resources 5
Customer Service and Support 3
Trading Setup (Experience) 4
Trustworthiness 2
User Experience 3

  We rate brokers based on user feedback, expert opinions, and factual data.

  

Broker Overview

  Founded approximately 5 to 10 years ago, VisionQuest is a Hong Kong-based trading platform that has gained attention for its diverse offerings. However, it operates in an unregulated environment, raising significant concerns about investor protection. The platform supports popular trading tools such as MetaTrader 4 and 5, allowing traders to engage in various markets, including forex, commodities, and futures contracts.

  

Detailed Breakdown

  •   Regulatory Status: VisionQuest operates without proper regulation, which has resulted in numerous complaints regarding withdrawal issues and overall trustworthiness. According to WikiFX, the broker has faced allegations of being a scam, with users reporting difficulties in accessing their funds.

  •   Deposit/Withdrawal Currencies: The platform primarily supports bank transfers for deposits and withdrawals. This limited method can be a drawback for traders looking for more flexible payment options.

  •   Minimum Deposit: The minimum deposit required to open an account with VisionQuest is $100, making it accessible for new traders. However, this low entry point may attract less experienced traders, which could lead to negative experiences.

  •   Bonuses/Promotions: There is limited information regarding bonuses or promotional offers on the VisionQuest platform, which could be a disadvantage compared to competitors that provide such incentives.

  •   Asset Classes: VisionQuest offers a variety of trading instruments, including global index futures, agricultural futures, foreign exchange futures, energy futures, and precious metals. This diverse range allows traders to explore various markets.

  •   Costs: The platform's costs, including spreads and commissions, are not explicitly detailed in the available reviews, which may lead to uncertainty for potential users.

  •   Leverage: VisionQuest offers a maximum leverage of 1:200, which can be appealing for traders looking to maximize their positions. However, high leverage also increases risk, especially for inexperienced traders.

  •   Allowed Trading Platforms: The primary trading platforms offered are MetaTrader 4 and 5, which are well-regarded in the trading community for their robust features and user-friendly interfaces.

  •   Restricted Regions: There is no specific information on restricted regions, but the unregulated nature of the broker may pose risks for traders in certain jurisdictions.

  •   Available Customer Support Languages: VisionQuest provides customer support in both Traditional and Simplified Chinese, which may limit accessibility for non-Chinese speaking users.

      

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    Ratings Revisited

    Category Rating (out of 10)
    Account Conditions 4
    Tools and Resources 5
    Customer Service and Support 3
    Trading Setup (Experience) 4
    Trustworthiness 2
    User Experience 3

      

    Detailed Analysis

    •   Account Conditions: VisionQuest's account conditions are somewhat flexible, allowing for various account types, including retail and professional accounts. However, the lack of regulation raises concerns about the safety of funds, as noted in multiple user reviews.

    •   Tools and Resources: The availability of MetaTrader 4 and 5 provides users with advanced trading tools. However, the platform lacks additional educational resources or market analysis tools that could benefit traders, particularly beginners.

    •   Customer Service and Support: Numerous user complaints highlight significant issues with customer service, particularly regarding withdrawal requests. Many users report being unable to access their funds, leading to accusations of the platform being a scam. According to WikiFX, this lack of responsiveness is a major red flag for potential users.

    •   Trading Setup (Experience): The trading experience on VisionQuest is mixed. While the platform offers a range of instruments, the unregulated environment and withdrawal issues overshadow its potential benefits. Users often report difficulties in executing trades and managing their accounts effectively.

    •   Trustworthiness: VisionQuest scores low on trustworthiness due to its unregulated status and the numerous fraud allegations against it. As noted in various reviews, the platform has been labeled as a scam by users who faced challenges in withdrawing their funds.

    •   User Experience: Overall user experience is marred by negative feedback regarding customer service and withdrawal issues. Many users express frustration over being unable to access their funds, which significantly impacts their trading activities.

      In conclusion, while VisionQuest presents itself as an accessible trading platform with a variety of instruments, the overwhelming concerns regarding its regulatory status, customer service, and user experiences cannot be overlooked. Traders should exercise extreme caution and consider the potential risks before engaging with this broker.

VisionQuest review