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

VS Market Limited Broker Review

1.44

WikiFX monitor

Business

Influence E

License

ASIC Revoked

VS Market Limited Review 3

Latest All(3) Exposure(3)
Exposure
One of my friend induce me to deposit ; "bank executives" guides operations; after high-amount deposits, the positions are liquidated, where did the money go?

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

xwes
2022-07-19
Exposure
Can't withdraw, can't contact the specialist

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.

Daniel6315
2022-07-06
Exposure
BEWARE!!! Unable to withdraw!

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.

FX3274187059
2022-07-02

  

VS Market Limited 2025 Review: Everything You Need to Know

  Summary: The overall evaluation of VS Market Limited is predominantly negative, with numerous reports highlighting concerns about its regulatory status and user experiences that suggest potential fraudulent activity. Key features include a lack of regulatory oversight and a high minimum deposit requirement.

  Note: It is crucial to note that VS Market Limited operates across different jurisdictions, which may complicate regulatory compliance. The assessment is based on various sources to ensure fairness and accuracy.

  

Ratings Overview

Criteria Score (out of 10)
Account Conditions 2
Tools and Resources 3
Customer Service & Support 2
Trading Setup 3
Trustworthiness 1
User Experience 2

  How We Rated the Broker: Our ratings are derived from a comprehensive analysis of user experiences, expert opinions, and factual data from multiple sources.

  

Broker Overview

  Founded in 2021, VS Market Limited is a forex broker based in Hong Kong. It primarily offers trading through the MetaTrader 5 (MT5) platform, which is known for its advanced features and automated trading capabilities. The broker provides access to various asset classes, including forex, cryptocurrencies, precious metals, and futures. However, it is essential to note that VS Market Limited lacks regulation from any recognized financial authority, raising significant concerns about investor protection and trustworthiness.

  

Detailed Analysis

  

Regulatory Status

  VS Market Limited is not regulated by any financial authority, which is a major red flag for potential investors. According to sources, the broker previously held a license from the Australian Securities and Investments Commission (ASIC), but this license has since been revoked, indicating severe regulatory issues (WikiBit). This lack of oversight means that traders have little recourse in the event of disputes or fraud.

  

Deposit and Withdrawal

  The minimum deposit required to open an account with VS Market Limited is reported to be around $10,000, which is significantly higher than many competitors in the industry. Users have reported difficulties with withdrawals, with several claiming that after requesting withdrawals, they experienced significant delays or were outright denied access to their funds (WikiFX). This aligns with broader concerns regarding the broker's trustworthiness.

  

Trading Costs

  The broker claims to offer competitive spreads starting from 0.1 pips, but the lack of transparency regarding commissions and fees raises questions about the overall cost of trading (WikiFX). Additionally, leverage options are reported to be as high as 1:400, which can amplify both profits and losses, particularly for inexperienced traders.

  

Trading Platforms

  VS Market Limited provides access to the MT5 trading platform, which is widely regarded for its functionality and user-friendly interface. However, the absence of a web-based trading option may limit accessibility for some users (Wick Wizards). The platform supports various devices, including Windows, iOS, and Android, but the overall trading experience is marred by the broker's questionable practices.

  

Customer Support

  Customer support at VS Market Limited has received poor reviews, with many users reporting difficulties in reaching representatives and receiving assistance (WikiBit). The primary contact methods include email and WhatsApp, but the responsiveness and effectiveness of the support team are in doubt.

  

User Experience

  User experiences with VS Market Limited are overwhelmingly negative, with numerous accounts of alleged scams and fraudulent practices. Many users have reported that after making substantial deposits, they were unable to withdraw their funds or faced unreasonable restrictions on withdrawals, which has led to significant financial losses (WikiFX). Such experiences have led to a general consensus among users that VS Market Limited is not a trustworthy broker.

  

Repeated Ratings Overview

Criteria Score (out of 10)
Account Conditions 2
Tools and Resources 3
Customer Service & Support 2
Trading Setup 3
Trustworthiness 1
User Experience 2

  

Detailed Breakdown

  •   Account Conditions: The high minimum deposit requirement of $10,000 is a significant barrier for many potential traders, leading to a low score in this category.

  •   Tools and Resources: While the MT5 platform is a robust tool for trading, the lack of transparency regarding trading costs and conditions detracts from its overall utility.

  •   Customer Service & Support: Reports of poor customer service and difficulties in communication have resulted in a low score, indicating that traders may struggle to get the help they need.

  •   Trading Setup: The trading conditions, including high leverage and low spreads, may appeal to some traders, but the associated risks and lack of regulatory oversight raise concerns.

  •   Trustworthiness: The absence of regulation and numerous negative user experiences contribute to a very low trustworthiness score for VS Market Limited.

  •   User Experience: Overall user experiences have been largely negative, with many traders reporting issues with withdrawals and customer service.

  In conclusion, the VS Market Limited review reveals a broker fraught with regulatory issues and negative user experiences. Prospective traders should exercise extreme caution when considering this broker for their trading activities.

VS Market Limited review