Search

VP Markets Forex Broker provides real users with * positive reviews, * neutral reviews and 13 exposure review!

VP Markets Broker Review

1.53

WikiFX monitor

Business

Influence E

License

No license

VP Markets Review 13

Latest All(13) Exposure(13)
Exposure
I can't withdraw even if I try to withdraw!

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.

FX1379760751
2022-02-04
Exposure
After changing the password of the account without permission, the transaction was also carried out without permission and forced bankruptcy

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 When I asked how to withdraw, there was a dedicated withdrawal link, and I was urged that the balance would not be withdrawn unless I paid 300,000 yen by the deadline.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.

Hiroaki
2021-12-31
Exposure
VP market was a scammer

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.

厚德载物95531
2021-11-16
Exposure
Unable to withdraw

I have already raised I'm unable to give whole information, after paying the tax also they asked me to pay 250 dollars as I withdrew 2500 dollars, after paying the tax they told some robot has detected the shift of orders they asked me to pay 500dollars but initially, I reluctant to pay they told if don't pay 500 withdrawal can't happen and they told 500 dollars are refundable, I asked after payment within how many hours I'll receive the money I asked they told in 2 to 3hrs later after 2hrs she said it will take 2 to3 days after 3 days she said system maintenance is happening it will take 10 to 15days now its almost a month I still didn't receive please help me to get my money back.

FX3058322792
2021-09-29
Exposure
This Fraudster Scammed me.

I am quite new to Forex trading on VPMarkets and very enthusiastic about it. I was playing with a demo account provided by a broker in Hong Kong. Somebody who had a real account with the same broker introduced me to it and was showing me how to use it. Thanks to their trading instructions, in few days I made $142K. That sounded awesome and of course too good to be true. So, I opened other demo accounts with different brokers without telling them, to compare results and see how real was the pricing behavior that gave me the $142K profit. These spikes in the bottom image happened at the same time I was instructed to whether buy or sell and it seems that was what gave me these crazy profits. So I believe they were manipulating their server and the pricing. Therefore, I am 99.99999% sure the broker in Hong Kong is a scam. How prevalent is this situation in the industry? These spikes in the bottom image happened at the same time I was instructed to whether buy or sell and it seems that was what gave me these crazy profits. So I believe they were manipulating their server and the pricing. Therefore, I am 99.99999% sure the broker in Hong Kong is a scam. How prevalent is this situation in the industry?

FX2681578713
2021-09-10
Exposure
Unable to withdraw

I withdrew on July 14, and the account showed it was successful on the night of July 19. But the capital was not transferred after a week. The balance on the platform reduced.

李英豪
2021-07-21
Exposure
Scam and can't withdraw

I deposited 1100 dollars and now I have a profit of 9000 dollars, and the requested for tax fee which I paid 1240 dollars, and I placed a withdraw of 6200 dollars ever since last week I haven't see my money [d83e][dd26]

FX2343171242
2021-06-22
Exposure
Can't withdraw money from VP-Markets

I got in contact with a person named Gina thru social media and then got in contact with a specialist trader called Peter.Peter did guide me how to insert money from my Swedish account into Binance and then transfer it VP-Markets.When I first told Peter that I did wanna withdraw to see how secure this thing was it wasn't a problem.And he told me to just withdraw $150 due to the fees during every withdraw.Now Peter dosn't want me to withdraw money and even want me to insert more money into the website.I tried to withdraw higher amount than before at 3 diffrent times.....They all got rejected.....I'm afraid that I have been scammed but I still see the money on the website (https://account.vp-markets.net/login) and in the app MetaTrader4I would appreciate it if someone can look into this and solve this matter. Thank you.

FX3555197091
2021-05-30

  

VP Markets 2025 Review: Everything You Need to Know

  Summary: VP Markets has garnered significant scrutiny within the trading community, with many sources labeling it as an unregulated broker posing potential risks to traders. Key features include the use of the popular MetaTrader 4 platform and a variety of tradable assets, yet concerns about its legitimacy and customer support persist.

  Note: It's important to highlight that there are different entities operating under the name "VP Markets," which can lead to confusion. This review aims for fairness and accuracy by relying on various sources to present a comprehensive overview.

  

Rating Overview

Category Score (out of 10)
Account Conditions 5
Tools and Resources 4
Customer Service and Support 3
Trading Setup (or Experience) 6
Trustworthiness 2
User Experience 4

  We assess brokers based on a combination of user feedback, expert opinions, and factual data.

  

Broker Overview

  Founded in an unspecified year, VP Markets operates as a forex and CFD broker that claims to be registered in the United Kingdom. However, it lacks valid regulatory oversight, making it a risky option for traders. The broker primarily offers the widely-used MetaTrader 4 platform, which is known for its user-friendly interface and robust trading tools. VP Markets provides access to a range of tradable assets, including forex pairs, commodities, indices, and cryptocurrencies. Despite its claimed registration, multiple sources indicate that it is unregulated and potentially operates as a scam.

  

Detailed Analysis

  

Regulatory Status

  VP Markets is reported to be unregulated, with claims of being registered with the National Futures Association (NFA) being disputed. According to sources, there is no evidence of its legitimacy on the NFA's official website, which raises serious concerns about its operational transparency and client protection. This lack of regulation is a significant red flag for potential investors, as it exposes them to high risks without any safety nets in place.

  

Deposit and Withdrawal Methods

  VP Markets accepts various deposit methods, including credit cards, Neteller, Skrill, UnionPay, and Alipay. However, the minimum deposit requirement is set at $200, which may not be accessible for all traders. Withdrawal methods are not thoroughly detailed, but users have reported issues with the speed and efficiency of the withdrawal process. The absence of clear information on withdrawal fees further complicates the user experience.

  

Minimum Deposit

  The minimum deposit required to start trading with VP Markets is $200, which is relatively standard compared to other brokers. However, the lack of flexibility in deposit options may deter some potential traders.

  

Bonuses and Promotions

  There is no clear information regarding any bonuses or promotions offered by VP Markets. This absence of incentives could be a drawback for traders looking for additional value in their trading experience.

  

Tradable Asset Categories

  VP Markets offers a diverse range of trading instruments, including forex, precious metals, indices, commodities, and cryptocurrencies. This variety allows traders to diversify their portfolios, but the unregulated status casts doubt on the reliability of the trading environment.

  

Costs (Spreads, Fees, Commissions)

  The trading costs at VP Markets vary depending on the account type. The average spread on the EUR/USD is reported to be around 1.3 pips for the standard account, while the raw ECN account offers a more competitive spread of approximately 0.7 pips. However, the lack of transparency regarding commissions and additional fees may lead to unexpected costs for traders, impacting their overall profitability.

  

Leverage

  VP Markets provides leverage options of up to 1:500 for professional clients, which is significantly higher than what many regulated brokers offer. While this may appeal to experienced traders looking to maximize their potential gains, it also increases the risk of substantial losses.

  

Allowed Trading Platforms

  The primary trading platform offered by VP Markets is MetaTrader 4, which is well-regarded in the trading community for its extensive features and functionality. However, the reliance on a single platform may limit options for traders who prefer alternative platforms.

  

Restricted Regions

  There is limited information regarding specific regions where VP Markets is restricted. However, the unregulated nature of the broker suggests that it may not be suitable for traders in jurisdictions with strict regulatory requirements.

  

Available Customer Service Languages

  Customer support at VP Markets appears to be limited, with some sources indicating that communication is primarily conducted via email. The absence of live chat or phone support can hinder timely assistance for traders facing issues.

  

Repeated Rating Overview

Category Score (out of 10)
Account Conditions 5
Tools and Resources 4
Customer Service and Support 3
Trading Setup (or Experience) 6
Trustworthiness 2
User Experience 4

  

Detailed Breakdown

  • Account Conditions: The minimum deposit requirement of $200 is relatively standard, but the lack of regulatory oversight diminishes confidence in the account conditions.
  • Tools and Resources: While the MetaTrader 4 platform is a strong point, the absence of educational resources or additional trading tools limits the support provided to traders.
  • Customer Service and Support: The reliance on email for customer support, without additional contact methods, can lead to delays in resolving issues.
  • Trading Setup (or Experience): The trading experience on the MT4 platform is generally positive, but concerns about transparency and reliability overshadow this.
  • Trustworthiness: Multiple sources label VP Markets as unregulated and potentially a scam, making it a risky choice for traders.
  • User Experience: Users have reported mixed experiences, with some highlighting issues with withdrawals and customer service.
  •   In conclusion, while VP Markets offers a variety of trading options and the popular MetaTrader 4 platform, the significant concerns regarding its regulatory status and customer support make it a risky choice for traders. Potential users should exercise caution and conduct thorough research before engaging with this broker.