Score
VP Markets
United Kingdom|5-10 years| http://www.vpmarkets.com/?zh_cn=zw
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
United Kingdom
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed VP Markets also viewed..
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Website
vpmarkets.com
Server Location
Hong Kong
Website Domain Name
vpmarkets.com
Server IP
47.75.117.37
Company Summary
| Aspect | Information |
| Company Name | VP Markets Global Ltd |
| Registered Country/Area | United Kingdom |
| Founded Year | 2019 |
| Regulation | Unauthorized by the NFA |
| Minimum Deposit | $100 |
| Maximum Leverage | Up to 1:500 |
| Spreads | As low as 0.0 pips |
| Trading Platforms | MetaTrader 4 (MT4) |
| Tradable Assets | Forex, CFDs, Cryptocurrencies |
| Account Types | Standard, Pro, VIP accounts |
| Customer Support | Email support@vpmarkets.com |
| Deposit & Withdrawal | Credit cards, bank transfers, e-wallets, and cryptocurrencies |
| Educational Resources | A basic trading guide and a video tutorial |
Overview of VP Markets
VP Markets Global Ltd, founded in the United Kingdom in 2019, is a prominent player in the world of online trading. This global trading platform offers a diverse array of financial instruments, spanning forex, CFDs, and cryptocurrencies.
Operated and owned by VP Markets Global Ltd, a company incorporated in the United Kingdom, VP Markets provides traders with access to a range of trading opportunities. However, it's important to highlight that VP Markets Ltd currently operates without authorization, relying on a Common Financial Service License (License No. 0523791) in the United States.
Is VP Markets legit or a scam？
VP Markets Ltd is currently unauthorized and operates under a Common Financial Service License in the United States with License No. 0523791. The regulatory oversight is administered by the National Futures Association (NFA). However, it is important to note that the institution does not possess the authorization to share this license type.
Pros and Cons
| Pros | Cons |
| Wide variety of financial instruments | Some allegations of fraud and scams |
| Competitive spreads and commissions | Limited educational resources |
| User-friendly trading platform | Regulation unauthorized |
| Slow response times for customer support |
Pros:
Wide Variety of Financial Instruments: VP Markets offers a diverse range of financial instruments, allowing traders to diversify their portfolios and explore various market opportunities.
Competitive Spreads and Commissions: The platform provides competitive spreads and commissions, contributing to cost-effective trading.
User-Friendly Trading Platform: An intuitive interface simplifies the trading process, making it easier to execute trades and manage investments effectively.
Cons:
Some Allegations of Fraud and Scams: There have been allegations of fraud and scams associated with VP Markets. These allegations can raise concerns about the platform's credibility and reputation in the industry, prompting traders to exercise caution and conduct thorough due diligence.
Limited Educational Resources: For traders seeking to enhance their knowledge and skills, the lack of educational materials and support can be a drawback, potentially hindering their ability to make informed trading decisions.
Regulation Unauthorized: VP Markets operates without proper regulatory authorization, which can be a significant concern for traders.
Slow Response Times for Customer Support: The platform may experience slow response times for customer support inquiries.
Market Instruments
VP Markets provides an extensive range of financial instruments to cater to diverse trading strategies and preferences. These offerings encompass:
Forex Trading: Access the world's major currency pairs, including the US dollar, euro, Japanese yen, and more. Benefit from the dynamic foreign exchange market to trade with precision and flexibility.
CFDs (Contracts for Difference): Engage in CFD trading, which enables traders to speculate on the price movements of various assets, including stocks, indices, commodities, and cryptocurrencies. This versatile trading option allows you to diversify your portfolio and capture opportunities across multiple markets.
Cryptocurrencies: Dive into the world of digital assets with cryptocurrencies like Bitcoin, Ethereum, and a selection of other popular digital currencies. Stay ahead of the evolving cryptocurrency market and explore potential returns in this innovative asset class.
VP Markets empowers traders with a comprehensive suite of financial instruments, ensuring they have the tools and opportunities to pursue their investment goals across various markets.
Account Types
VP Markets provides three distinct account types to suit various trading preferences:
Standard Account: This account type is ideal for traders looking for a low entry point, with a minimum deposit of $100. It offers leverage of up to 1:500, spreads as low as 0.1 pips, and no commission fees. Traders can also utilize a demo account and MetaTrader 4 for trading.
Pro Account: For more experienced traders, the Pro account offers tighter spreads at 0.0 pips and the same leverage of up to 1:500. The minimum deposit requirement is $10,000, but traders benefit from commission-free trading. Like the Standard account, it includes a demo account and access to MetaTrader 4.
VIP Account: Tailored for high-net-worth individuals and advanced traders, the VIP account boasts the same leverage and spreads as the Pro account but requires a minimum deposit of $50,000. Traders enjoy commission-free trading, access to a demo account, and the powerful MetaTrader 4 platform.
| Feature | Standard | Pro | VIP |
| Leverage | Up to 1:500 | Up to 1:500 | Up to 1:500 |
| Spread | 0.1 pips | 0.0 pips | 0.0 pips |
| Commission | $0.00 per 1,000 traded units | $0.00 per 1,000 traded units | $0.00 per 1,000 traded units |
| Minimum Deposit | $100 | $10,000 | $50,000 |
| Demo Account | Yes | Yes | Yes |
| Trading Tools | MetaTrader 4 | MetaTrader 4 | MetaTrader 4 |
How to Open an Account？
Opening an account with VP Markets is a straightforward process that can be broken down into seven clear steps:
Visit VP Markets Website:
Go to the official VP Markets website (www.vpmarkets.com) in your web browser.
Registration:
Click on the “Sign Up” or “Register” button to begin the account creation process.
Choose Account Type:
Select the type of trading account you wish to open (e.g., Standard, Pro, VIP).
Provide Personal Information:
Fill out the registration form with your personal details, including your full name, email address, phone number, and residential address. Ensure all information is accurate.
Verify Identity:
VP Markets may require you to verify your identity by providing valid identification documents, such as a passport or driver's license, as well as proof of address (e.g., utility bill).
Fund Your Account:
Deposit funds into your trading account using one of the available payment methods. VP Markets typically accepts deposits via bank transfers, credit/debit cards, and various e-wallets.
Start Trading:
Once your account is funded and verified, you can log in to the trading platform (e.g., MetaTrader 4) provided by VP Markets.
Leverage
VP Markets offers leverage up to 1:500 on forex and CFDs. Leverage allows traders to control a larger position with a smaller deposit. However, it is important to use leverage responsibly, as it can amplify losses as well as profits.
| Feature | Standard | Pro | VIP |
| Leverage | Up to 1:500 | Up to 1:500 | Up to 1:500 |
Spreads & Commissions
VP Markets' spreads are floating, which means they vary depending on market conditions. Here are the typical spreads for each account type and currency pair:
| Account Type | Currency Pair | Typical Spreads |
| Standard | EUR/USD | 0.1 pips |
| Pro | EUR/USD | 0.0 pips |
| VIP | EUR/USD | 0.0 pips |
VP Markets' commissions are fixed, which means they do not vary depending on market conditions. Here are the commissions for each account type and currency pair:
| Account Type | Currency Pair | Commissions |
| Standard | EUR/USD | $0.00 per 1,000 traded units |
| Pro | EUR/USD | $0.00 per 1,000 traded units |
| VIP | EUR/USD | $0.00 per 1,000 traded units |
Additional notes:
In some cases, VP Markets may offer promotions that reduce spreads or waive commissions.
When calculating spreads and commissions, it is important to note that they are calculated based on the trading volume, not the trade amount. For example, if you trade 100,000 EUR/USD units and the spreads are 0.1 pips, you will need to pay 10 USD in spreads.
Trading Platform
VP Markets Global Ltd provides access to the widely recognized MetaTrader 4 (MT4) trading platform, known for its popularity and reputation in the global trading community. MT4 offers several features that enhance the trading experience.
Firstly, MT4 features a user-friendly interface suitable for traders of all levels. Its intuitive layout simplifies navigation, trade execution, and access to a variety of analytical tools. The platform's extensive charting capabilities include numerous technical indicators, chart types, and timeframes, aiding traders in making well-informed decisions.
Another notable aspect of MT4 is its support for automated trading via Expert Advisors (EAs). Traders can create, test, and deploy automated trading strategies, streamlining trading processes and improving efficiency.
Deposit & Withdrawal
VP Markets offers a variety of payment methods, including:
Credit and debit cards (Visa, Mastercard, Maestro)
Bank transfer
E-wallets (Neteller, Skrill, PayPal)
Cryptocurrencies (Bitcoin, Ethereum, Litecoin)
VP Markets offers flexible minimum deposit options to cater to varying trader preferences. For the Standard account, the minimum deposit requirement is just $100, making it accessible to traders looking to start with a modest investment. The Pro account, with a minimum deposit of $10,000, is ideal for those seeking enhanced trading capabilities. For seasoned traders and high-net-worth individuals, the VIP account offers exclusive benefits with a minimum deposit of $50,000.
| Feature | Standard | Pro | VIP |
| Minimum Deposit | $100 | $10,000 | $50,000 |
There are no fees for depositing and withdrawing funds into your VP Markets account. However, there may be fees charged by your bank or payment provider. Please note that the processing times for withdrawals may vary depending on the payment method you choose. For example, withdrawals to credit and debit cards typically take 3-5 business days to process, while withdrawals to e-wallets typically take 1-2 business days to process.
Customer Support
VP Markets faces a deficiency in market support, with official contact limited to email correspondence at support@vpmarkets.com. Unfortunately, response times have been reported as slow, which can be a significant drawback for traders seeking timely assistance and support.
Educational Resources
VP Markets provides a modest selection of educational materials, consisting of a fundamental trading guide and a video tutorial. These resources aim to assist traders in developing a foundational understanding of trading principles and strategies. However, for those seeking more comprehensive educational support, it's worth considering additional external learning sources to enhance their trading knowledge and skills.
Conclusion
In conclusion, VP Markets offers a diverse range of financial instruments and a user-friendly trading platform, making it appealing to traders. However, significant concerns arise due to its lack of proper authorization and allegations of fraudulent activities. Traders should exercise caution when considering this platform, especially given the limited educational resources and slow email support response times.
FAQs
Q: What financial instruments can I trade on VP Markets？
A: VP Markets offers a variety of financial instruments, including forex, CFDs, and cryptocurrencies.
Q: Is VP Markets a regulated platform？
A: VP Markets operates without proper authorization or regulation, which is a point of concern for traders.
Q: Are there any allegations of fraud associated with VP Markets？
A: Yes, there have been allegations of fraud and scams related to VP Markets.
Q: What is the minimum deposit requirement for VP Markets？
A: The minimum deposit varies based on the account type, ranging from $100 to $50,000.
Q: Does VP Markets provide educational resources for traders？
A: VP Markets offers limited educational resources, potentially leaving traders seeking more in-depth learning opportunities.
Q: How can I contact customer support on VP Markets？
A: You can contact VP Markets customer support via email at support@vpmarkets.com, although response times may be slow.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
Review 14
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FX1379760751
Japan
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.
Exposure
2022-02-04
Hiroaki
Japan
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.
Exposure
2021-12-31
厚德载物95531
Hong Kong
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.
Exposure
2021-11-16
FX3058322792
India
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.
Exposure
2021-09-29
FX2681578713
Philippines
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?
Exposure
2021-09-10
李英豪
Hong Kong
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.
Exposure
2021-07-21
FX2343171242
Nigeria
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]
Exposure
2021-06-22
FX3555197091
Sweden
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.
Exposure
2021-05-30
FX1423344670
Nigeria
i requested for $250 from my deposited fund and I've been debited but I've not seen my money I've contacted the customer care service but they are not responding ive been scammed VP market is a scam
Exposure
2021-05-01
FX1540845430
Indonesia
i've been withdraw my funds from saturday (3/4/2021) about $733 via wire but it still not send to my bank account in indonesia. i cant chat online with the CS and I've send an email to support service and other email but still no response. account MT4 : 2100494 order number : 2021040311182584
Exposure
2021-04-09
AA汇市萌新
Hong Kong
I applied for the withdrawal of $179.74, while the fraud only gave 179.74 RMB.
Exposure
2020-05-05
大空头85
Hong Kong
VP Markets gave no access to withdrawal and even blocked me. The customer service closed the online chatting. My account number is 70960335. I deposited 127 thousand dollars in total, 20 thousand dollars was deducted. I received 20 thousand dollars, with remaining 87 thousand dollars on hold.
Exposure
2020-04-08
弹簧
Hong Kong
The scam platform manipulated the market and orders and even canceled my account! I placed an order on DJI lat night, while the platform didn’t allow setting stop-loss and even controlled the market still at about 6:00 or 7:00. Thus, I couldn’t close my position. At 9:30, my account became forced liquidation due to the so-called circuit breaker. There was a merely 20-pip fluctuation during 19:00 to 21:30. When I wanted to set the stop-loss, the surface was the index of nzdusd. After making my account liquidated, the platform canceled my account directly, which could be seen from the following pic. Be careful.
Exposure
2020-03-13
FX1124654999
India
I didn't want to use this word but the longer I wait the more I believe they are just a scam! I don’t know what to do with this stupid *** company...
Positive
2022-12-11