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VS FX Forex Broker provides real users with * positive reviews, 3 neutral reviews and 22 exposure review!

VS FX Broker Review

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VS FX Review 25

Latest All(25) Neutral(3) Exposure(22)
Neutral
Flexible Leverage, Low Spreads & Mobile Trading: Explore MT4 & Custom App with Demo Option

The leverage is decent at up to 1:100, and starting spreads from 0.5 pips sound pretty sweet. Plus, you can use the well-known MT4 platform and their own app for trading on the go. Oh, and a demo account is in the mix for some risk-free practice. Cheers!

SaSali
2023-12-11
Neutral
Unregulated & Red Flags Galore: VS FX Financial Ltd. Raises Concerns

Hold up! Before you dive into VS FX Financial Limited, here's the deal. They're not regulated, which is a bit of a bummer for the safety-conscious trader. Watch out for that. And, um, there have been complaints – like 22 in the past 3 months. That's a red flag. Also, the claim about US NFA regulation seems fishy. They're a bit tight-lipped about educational resources and customer support, so, not too cool. Take a sec and think twice before jumping in!

Mohammed H. Ali
2023-12-08
Neutral

At first, when I saw that his website couldn’t be opened, I thought it might be a new website, but then when I saw a lot of complaints on wikifx, I knew that he was just a scam company... really I hope that the victims can recover their funds as soon as possible, and I will also take it as a warning not to deal with this kind of company!

FX1147331693
2022-12-14
Exposure
Cooperate with scam syndicate to lure investors with stocks

This incident has not been resolved. How did the previous complaint become resolved? It took a long time before the previous complaint was made public on the platform. The reply was that the account was not queried. The website has been removed. How can I find the account?

blackheart
2022-09-14
Exposure
Induced fraud that can not withdraw money

At the beginning of this year, I met Fu Xuanya Han Zheng Jiajia, a Hong Kong BlackRock fund manager, in the stock market group. The beginning of a nightmare. They recommended this trader. Advocating that operating the original universe index with them can achieve financial freedom. Did not stand the temptation. Multiple deposits of US$175,000. Under their leadership, the positions have been liquidated many times. There is still principal in the account. But brokers have run away and cannot be withdrawn. Please help. These unscrupulous liars will be punished by god

LiLi22510
2022-09-10
Exposure
Induced fraud, unable to withdraw

At the beginning of this year, I met Fu Xuanya and Han Zheng Jiajia of Hong Kong BlackRock Fund through the stock market group (now suspected of impostor). This is the beginning of my nightmare. They preached that following their operator Cosmic Index would achieve financial freedom. Unable to resist temptation and control your desires. under their leadership. I have made many deposits and liquidated many times. And gave a very attractive help plan. The deposit is as high as nearly 1.1 million RMB. On the morning of August 31, the platform server was unable to log in. The deposit and withdrawal website is also cancelled. Customer service cannot be reached. And I still have my own capital in my account.

LiLi22510
2022-09-05
Exposure

VS FX thought they could get away with my investments and lure me to put in more funds in the name of "paying tax before withdrawal' . They were wrong because i realized about their scam operations earlier and this saved me from getting deeper in their scam scheme.. Instead of paying tax, I did a personal and tailored research and the result of that is what made me encounter the team at Finrecoup .org whose expertise saved my investment from being whisked away by VS FX..New investors should be careful and should not trust any single word of VS FX !!

Treolar
2022-09-02
Exposure
Withdrawal was rejected, unable to withdraw

Beginning in May this year, Fu Xuanya of Hong Kong BlackRock Company bewitched the operation of the Metaverse Index. After many times of liquidation and assistance, he won back the capital from a loss of 1.35 million, and he will give it to me after the return is signed in the agreement. , but now they won't let me withdraw money.

简.an
2022-08-22

  

VS FX 2025 Review: Everything You Need to Know

  The VS FX broker has garnered significant attention in the forex trading community, often characterized by a mix of alarming reviews and limited regulatory oversight. This review synthesizes various sources to provide a comprehensive analysis of VS FX, highlighting user experiences, expert opinions, and critical features that potential traders should consider.

  Note: It is crucial to recognize that the regulatory status of VS FX varies by region, and discrepancies in user experiences may arise due to different operational entities. This review aims for fairness and accuracy by drawing from multiple sources.

  

Rating Overview

Category Rating (out of 10)
Account Conditions 3
Tools and Resources 4
Customer Service and Support 2
Trading Setup (Experience) 3
Trustworthiness 1
User Experience 2

  How We Rate Brokers: Our ratings are based on a combination of user reviews, expert analyses, and factual data regarding the broker's offerings.

  

Broker Overview

  Founded in 2022, VS FX operates under the name VS FX Financial Limited and is based in the United Kingdom. The broker provides access to a range of trading platforms, including the widely used MetaTrader 4 (MT4). Traders can engage in various asset classes, including forex currency pairs, commodities like gold and silver, and indices. However, the broker lacks valid regulatory oversight, which raises concerns about the safety of client funds.

  

Detailed Breakdown

  

Regulatory Status and Geographic Reach

  VS FX's regulatory status is a significant concern, as it has been flagged for operating without valid licenses. The Australian Securities and Investments Commission (ASIC) has revoked its regulatory status, and there are no indications of compliance with major financial authorities. This lack of regulation suggests a high risk for traders, especially those new to the forex market.

  

Deposit/Withdrawal Methods and Currencies

  VS FX accepts various payment methods, including Bitwallet, wire transfers, and credit cards. However, the specifics regarding withdrawal processes have raised alarms among users, with many reporting difficulties in accessing their funds. The absence of clear policies on withdrawal times and fees contributes to a negative perception of the broker.

  

Minimum Deposit

  The minimum deposit requirement for opening an account with VS FX is unspecified in the available reviews, which can deter potential traders looking for transparency in account conditions.

  

Bonuses/Promotions

  There is limited information on any bonuses or promotions offered by VS FX, which is not uncommon for brokers with questionable regulatory status. This lack of promotional offers may reflect a cautious approach to attracting new clients.

  

Tradable Asset Classes

  VS FX allows trading in various asset classes, including forex pairs, commodities, and indices. However, the absence of cryptocurrencies and other popular trading instruments may limit opportunities for traders looking to diversify their portfolios.

  

Costs (Spreads, Fees, Commissions)

  The broker offers competitive spreads starting from 0.5 pips for certain forex pairs, but users have reported hidden fees and unclear commission structures. This lack of transparency can lead to unexpected costs, further complicating the trading experience.

  

Leverage

  VS FX offers a maximum leverage of up to 1:100, which can be appealing to traders looking to maximize their potential returns. However, high leverage also poses significant risks, especially for inexperienced traders who may not fully understand the implications.

  

Allowed Trading Platforms

  Traders can access the MT4 platform, which is known for its robust features and user-friendly interface. However, the availability of a proprietary trading app raises questions about the overall trading experience offered by VS FX.

  

Restricted Regions

  There is no clear information on restricted regions for trading with VS FX, but the lack of regulation may deter traders from certain jurisdictions, particularly those with stringent financial regulations.

  

Customer Service Languages

  Customer service at VS FX is reportedly limited, with many users citing poor support and long response times. The availability of customer service in multiple languages is not well-documented, which could be a barrier for non-English speaking traders.

  

Rating Recap

Category Rating (out of 10)
Account Conditions 3
Tools and Resources 4
Customer Service and Support 2
Trading Setup (Experience) 3
Trustworthiness 1
User Experience 2

  

Detailed Analysis of Ratings

  •   Account Conditions (3/10): Users have reported vague terms regarding minimum deposits and withdrawal processes, creating a lack of trust in the broker's account management practices.

  •   Tools and Resources (4/10): While the MT4 platform provides essential trading tools, the absence of educational resources or proprietary tools limits its effectiveness for new traders.

  •   Customer Service and Support (2/10): Numerous complaints highlight the slow response times and inadequate support, making it challenging for traders to resolve issues when they arise.

  •   Trading Setup (3/10): The overall trading experience is marred by reports of difficulties in fund withdrawals and a lack of clarity in trading conditions.

  •   Trustworthiness (1/10): The absence of valid regulation and numerous negative reviews significantly undermine the broker's credibility.

  •   User Experience (2/10): Overall user sentiment is negative, with many traders expressing frustration over their inability to withdraw funds and the lack of support from customer service.

  In conclusion, the VS FX review indicates a broker that poses considerable risks for traders, particularly due to its lack of regulatory oversight and poor user experiences. Potential traders are advised to approach with caution, considering the significant concerns raised by existing users and the absence of robust regulatory frameworks.

VS FX review