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License

ASIC Revoked

Is VS Market Limited markets regulated?

The regulatory license is the strongest proof.

ASIC Appointed Representative(AR)

Australia Securities & Investment Commission

Regulatory Agencies Introduction

Current Status:

Revoked
License Type:
Appointed Representative(AR)

53762:

HLK GROUP PTY LTD

Australia ASIC STP

Licensed Entity:
VS MARKET PTY LTD
Effective Date:
2022-01-14
Email Address of Licensed Institution:
jason@hlkgroup.com.au
53748:
No Sharing
Website of Licensed Institution:
--
Expiration Time:
2022-10-17
Address of Licensed Institution:

19 Allengrove Cres North Ryde NSW 2113
Phone Number of Licensed Institution:
1300 669 605
Licensed Institution Certified Documents:

Annex1 Annex2 Annex3 More

Is VS Market Limited A Scam？

Introduction

　　In the vast and often volatile world of forex trading, brokers play a crucial role in facilitating transactions and providing access to financial markets. VS Market Limited is one such broker that has gained attention in recent years for its offerings in foreign exchange, commodities, and cryptocurrencies. However, the importance of carefully assessing forex brokers cannot be overstated. With numerous reports of scams and fraudulent activities within the industry, traders must be vigilant in choosing a reliable partner for their investments. This article aims to provide a comprehensive evaluation of VS Market Limited, focusing on its regulatory status, company background, trading conditions, and customer experiences to determine whether it is a safe trading option or a potential scam.

　　The investigation into VS Market Limited was conducted through an analysis of online reviews, regulatory databases, and user feedback. This assessment framework allows for a balanced exploration of the brokers legitimacy and operational practices, ensuring that potential traders can make informed decisions.

Regulation and Legitimacy

　　One of the primary factors in determining the safety of a forex broker is its regulatory status. Regulation serves as a protective measure for investors, ensuring that brokers adhere to specific standards and practices. VS Market Limited operates without any formal regulation from recognized financial authorities, which raises significant concerns regarding its legitimacy and the safety of client funds.

Regulatory Body	License Number	Regulatory Region	Verification Status
ASIC	001294889	Australia	Revoked

　　The above table highlights that VS Market Limited was previously licensed by ASIC (Australian Securities and Investments Commission), but this license has since been revoked. This lack of a valid regulatory framework means that there is no oversight to protect investors, making it a major red flag for potential clients. The absence of regulation indicates that if any issues arise, traders may have no recourse to recover their funds or seek legal action.

　　Historically, unregulated brokers are often associated with high-risk trading environments and potential scams. Without the assurance of regulatory compliance, investors may find themselves vulnerable to fraudulent practices. Therefore, the question remains: Is VS Market Limited safe？ Based on its regulatory status, the answer leans towards no.

Company Background Investigation

　　Understanding the background of a broker is essential to gauge its reliability. VS Market Limited claims to have been established to facilitate trading across various markets, including forex, commodities, and cryptocurrencies. However, details about the company's history, ownership structure, and management team remain scarce.

　　The lack of transparency regarding its ownership and the professional backgrounds of its management raises concerns about the broker's credibility. A reputable broker typically provides clear information about its founders and key personnel, along with their qualifications and experience in the financial sector. In contrast, the vague nature of VS Market Limited's disclosures does little to inspire confidence among potential traders.

　　Moreover, the company's operational history is relatively short, with reports indicating it has been active for only a few years. This limited track record, combined with its unregulated status, poses significant risks for investors. In a market where trust is paramount, the opacity surrounding VS Market Limited's operations further complicates its standing as a safe trading option.

Trading Conditions Analysis

　　When evaluating a forex broker, understanding its trading conditions is vital. VS Market Limited offers various trading instruments, including forex pairs, commodities, and cryptocurrencies. However, the overall cost structure and fees associated with trading can significantly impact profitability.

Fee Type	VS Market Limited	Industry Average
Major Currency Pair Spread	Starting from 0.1 pips	1-2 pips
Commission Model	Not specified	Varies widely
Overnight Interest Range	Not disclosed	Typically 2-5%

　　The table above illustrates that VS Market Limited advertises competitive spreads, starting from 0.1 pips on major currency pairs, which is significantly lower than the industry average. However, the lack of transparency regarding commissions and overnight interest rates raises concerns. Unusual or hidden fees can erode potential profits and lead to unexpected costs for traders.

　　Moreover, clients have reported difficulties in withdrawing their funds, with some experiencing significant delays or outright refusals. This pattern of behavior is often indicative of unregulated brokers, who may use such tactics to retain client funds. Therefore, it is crucial for potential investors to ask themselves: Is VS Market Limited safe？ Based on the available information, the trading conditions may not be as favorable as they appear at first glance.

Customer Fund Security

　　The security of client funds is paramount when choosing a forex broker. VS Market Limited claims to implement various measures to protect client funds, including the use of encryption technology and fund segregation. However, the lack of regulatory oversight raises serious questions about the effectiveness of these measures.

　　Traders need to be aware of the risks associated with unregulated brokers, particularly concerning fund safety. Without regulatory bodies enforcing strict guidelines, there is no guarantee that client funds are adequately protected. Furthermore, historical reports indicate that clients have faced challenges in accessing their funds, which amplifies concerns about the broker's commitment to safeguarding investor capital.

　　In summary, while VS Market Limited may present itself as a legitimate trading platform, the absence of regulatory oversight and the lack of transparency regarding fund security measures lead to skepticism about its safety.

Customer Experience and Complaints

　　Customer feedback is another critical aspect of evaluating a forex broker. VS Market Limited has garnered mixed reviews from users, with many expressing dissatisfaction regarding their experiences. Common complaints include difficulties in withdrawing funds, delayed responses from customer support, and issues related to account management.

Complaint Type	Severity Level	Company Response
Withdrawal delays	High	Poor
Unresponsive customer support	Medium	Poor
Account management issues	High	Poor

　　The table above categorizes the primary complaints against VS Market Limited, highlighting significant issues related to withdrawal delays and unresponsive customer support. Many users have reported feeling trapped with their investments, unable to access their funds after submitting withdrawal requests. This pattern is particularly concerning, as it suggests a lack of accountability from the broker.

　　For instance, one trader reported depositing a significant amount of money only to encounter repeated delays in withdrawing their profits. After numerous attempts to reach customer support, they were met with vague responses and ultimately left without access to their funds. Such experiences raise serious red flags about the reliability of VS Market Limited.

Platform and Trade Execution

　　The performance of a trading platform is crucial for a seamless trading experience. VS Market Limited utilizes the popular MetaTrader 5 (MT5) platform, known for its advanced features and user-friendly interface. However, reports of execution issues, including slippage and rejections, have surfaced among users.

　　Traders expect quick and efficient order execution, particularly in a fast-paced market like forex. Unfortunately, many users have reported experiencing delays and inconsistencies in trade execution, which can result in significant financial losses. The potential for platform manipulation, particularly with unregulated brokers, further complicates the situation.

Risk Assessment

　　Engaging with VS Market Limited presents several risks that potential traders should be aware of.

Risk Category	Risk Level	Brief Explanation
Regulatory Risk	High	No regulatory oversight; high fraud potential.
Fund Security Risk	High	Lack of transparency regarding fund protection.
Customer Service Risk	Medium	Poor response to inquiries and complaints.
Execution Risk	High	Reports of slippage and rejected orders.

　　The table above summarizes the main risks associated with trading with VS Market Limited. Each risk category presents significant concerns for potential investors, particularly the absence of regulatory oversight and the historical issues related to fund security and customer service.

　　To mitigate these risks, traders should consider using regulated brokers with a proven track record of reliability and transparency. Researching broker reviews and seeking recommendations from experienced traders can also help in making informed decisions.

Conclusion and Recommendations

　　In conclusion, the evidence gathered regarding VS Market Limited raises serious concerns about its legitimacy and safety as a forex broker. The absence of regulation, combined with reports of withdrawal issues and poor customer service, suggests that VS Market Limited may not be a safe option for traders.

　　Potential investors should exercise caution and consider alternative brokers that are regulated and have a solid reputation in the industry. For those looking for reliable trading options, it is advisable to explore brokers with transparent practices, strong regulatory oversight, and positive customer feedback. Ultimately, the question of whether VS Market Limited is safe leans heavily towards skepticism, and traders are encouraged to prioritize their financial security by choosing reputable trading partners.

Is VS Market Limited a scam, or is it legit?

The latest exposure and evaluation content of VS Market Limited brokers.

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

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.

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.

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.

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