Score

1.28 /10
Danger

VIPGlobal Capital

Saint Lucia

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Business Index5.23

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Software Index4.00

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Company Name

VIPGlobal Capital Ltd

Company Abbreviation

VIPGlobal Capital

Platform registered country and region

Saint Lucia

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Warning: Low score, please stay away!
Previous Detection : 2024-11-17
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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VIPGlobal Capital · Company summary
Key Information Details
Company Name VIPGlobal Capital Ltd
Years of Establishment Within 1 year ago
Headquarters Saint Lucia
Office Locations Castries, Saint LuciaTaguig, Philippines
Regulation Unregulated
Tradable Assets Forex, Indices, Commodities, Stocks, Cryptocurrencies
Account Types STANDARD, PRO, VIP
Minimum Deposit $10
Leverage Up to 1:1000
Spread As low as 0.0
Deposit/Withdrawal Bank Wire, Debit/Credit Cards, E-wallets, Cryptocurrency Wallets
Trading Platforms MetaTrader 4
Customer Support Phone, Email

Overview of VIPGlobal Capital

VIPGlobal Capital Ltd is an unregulated financial firm that offers a range of trading services through the MetaTrader 4 platform. Established within the past year, the company operates from its headquarters in Saint Lucia. It provides traders with multiple account options, each with distinct minimum deposit requirements, leverage ratios, and spread ranges.

Tradable assets encompass FX, Indices, ETFs, Bonds, Metals, Commodities, Stocks, and Cryptocurrencies. The company facilitates deposits and withdrawals through various methods, including B2B in Pay, Wire Transfer, and more. Customer support is available via phone and email, while the company's website provides detailed information about its offerings.

Overview of VIPGlobal Capital

Regulation

Under the regulatory framework of the National Futures Association (NFA), VIPGlobal Capital Ltd holds an unauthorized status, signifying that it lacks the necessary approval to operate within the regulatory parameters established by the NFA. This unauthorized status is indicated by the absence of the required license from the NFA. The regulatory agency overseeing VIPGlobal Capital Ltd is the NFA, and its license number is 0553417.

Regulation

The unauthorized status denotes that VIPGlobal Capital Ltd has not met the prerequisites set by the regulatory authority for compliance and authorization. This status can result from the absence of necessary documentation, failure to adhere to established regulations, or non-compliance with regulatory procedures. As a result, traders and investors engaging with an unauthorized entity like VIPGlobal Capital Ltd may face potential risks, including the absence of regulatory oversight, lack of consumer protection, and potential exposure to fraudulent activities.

Pros and Cons

VIPGlobal Capital Ltd offers a range of trading accounts, including STANDARD, PRO, and VIP, suitable for different capital levels. The MetaTrader 4 platform allows access to a variety of tradable assets such as FX, Indices, ETFs, Bonds, Metals, Commodities, Stocks, and Cryptocurrencies. The company provides spreads on its accounts and supports various deposit and withdrawal methods, including digital currencies, enhancing flexibility. The company also has profiles on Facebook, Instagram, LinkedIn and Twitter under the handle “vipglobalcapital”.

VIPGlobal Capital Ltd operates without regulatory oversight, bearing an unauthorized status from the National Futures Association (NFA). This absence of regulatory backing poses inherent risks, as traders may lack the protection and oversight typically associated with regulated entities. Additionally, the company's limited customer support channels, solely offering phone and email options, may lead to potential delays in resolving queries.

Pros Cons
Account Variety Unregulated Status
Tradable Assets Limited Support Channels
Social Media Presence
Pros and Cons

Market Instruments

VIPCapital Global offers trading in Forex, Indices, Commodities, Stocks, and Cryptocurrencies. Details are as follows:

Forex: VIPGlobal Capital Ltd provides access to a variety of major, minor, and exotic currency pairs for trading. The MetaTrader 4 platform enables traders to engage in the dynamic forex market, benefiting from leverage and different account types.

Indices: VIPGlobal Capital Ltd offers trading opportunities in stock indices, enabling clients to speculate on the performance of global markets. A diverse range of indices is accessible through the MetaTrader 4 platform.

Commodities: Commodities trading is available through VIPGlobal Capital Ltd, allowing traders to invest in precious metals, energy contracts, and other raw materials. The MetaTrader 4 platform facilitates trading in this asset class, including metals, energies, and bonds.

Stocks: VIPGlobal Capital Ltd allows traders to engage in trading various stocks from global markets, offering exposure to the equity market. The MetaTrader 4 platform supports stock trading.

Cryptocurrencies: Cryptocurrency trading is available at VIPGlobal Capital Ltd, allowing traders to participate in the volatile digital currency market. The MetaTrader 4 platform enables trading in cryptocurrencies.

The following is a table that compares VIPGlobal Capital Ltd to competing brokerages:

Broker Market Instruments
VIPGlobal Capital Ltd Forex, Indices, Commodities (Metals, Energies, Bonds), Stocks, Cryptocurrencies
OctaFX Forex, Indices, Metals, Cryptocurrencies
FXCC Forex, Indices, Metals, Energies, Cryptocurrencies
Tickmill Forex, Indices, Metals, Bonds, Cryptocurrencies
FxPro Forex, Indices, Energies, Metals, Cryptocurrencies

Account Types

VIPGlobal Capital Ltd offers three distinct account types: STANDARD, PRO, and VIP. Specifics are as follows:

Account Types

STANDARD Account: VIPGlobal Capital Ltd offers the STANDARD account type, suitable for traders seeking access to a diverse range of instruments without commissions. With a minimum deposit of $10, this account type provides leverage of up to 1:1000. The spread can be as low as 1.7 pips, and trading is executed in a market-based manner. Margin call and stop out levels are set at 50% and 20% respectively, while no commissions are applied.

PRO Account: The PRO account type offered by VIPGlobal Capital Ltd caters to traders interested in intraday trading with low commission rates. With a minimum deposit of $500 and leverage of up to 1:1000, it allows traders to access the markets with a range of tradable assets. The spread can be as low as 0.0 pips, and the execution type is market-based. Margin call and stop out levels are set at 50% and 20% respectively, with commissions applicable.

VIP Account: Designed for traders interested in low commissions, the VIP account type requires a minimum deposit of $3000. With leverage of up to 1:500, this account offers access to various tradable assets. The spread can be as low as 1.0 pip, and trading is executed in a market-based manner. Margin call and stop out levels are set at 100% and 50% respectively, with commissions applicable.

The specifics of the account types are as follows:

Account Minimum Deposit Leverage Spread Execution Type Margin Call / Stop Out Commission
STANDARD Account $10 Up to 1:1000 As low as 1.7 Pips Market 50% / 20% No
PRO Account $500 Up to 1:1000 As low as 0.0 Pips Market 50% / 20% Yes
VIP Account $3000 Up to 1:500 As low as 1.0 Pips Market 100% / 50% Yes

How to open an account?

  1. To initiate an account opening process on the brokerage website, start by navigating to the official VIPGlobal Capital Ltd website. Locate and click on the “Open Account” or “Register” button, typically positioned prominently on the homepage. This action will redirect you to a registration page where you'll be required to provide your personal details, including your full name, email address, and contact information. Follow the prompts to create a username and password for your account.

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2. After selecting the account type, proceed to complete the application by providing additional information such as your country of residence, date of birth, and employment status.

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3. Once you've entered all the required information, carefully review the terms and conditions provided by VIPGlobal Capital Ltd. Ensure that you understand and agree to the terms before proceeding. Some brokerages may require verification documents to confirm your identity and address. If needed, upload the necessary documents as instructed.

4. Finally, submit your application for review. The brokerage will typically send you a confirmation email with further instructions to activate your account. Follow the email instructions to complete the verification process, and your account with VIPGlobal Capital Ltd will be successfully opened, allowing you to begin trading. Always remember to keep your account credentials secure and avoid sharing them with anyone.

Minimum Deposit

VIPGlobal Capital Ltd offers different account types with varying minimum deposit requirements. The STANDARD account has a minimum deposit of $10, the PRO account requires a minimum deposit of $500, and the VIP account demands a minimum deposit of $3000. These minimum deposit rates provide traders with options based on their capital availability and trading preferences.

Commission

VIPGlobal Capital Ltd implements a commission structure for its PRO and VIP account types. For every 100,000 units traded, the PRO account will have a commission of $3, whereas the VIP account will entail a commission of $2. This commission-based approach applies to specific trading activities and provides transparency regarding the costs associated with trading on these account types.

Leverage

VIPGlobal Capital Ltd offers varying leverage ratios for different account types. The STANDARD account provides leverage of up to 1:1000, the PRO account offers leverage of up to 1:1000, and the VIP account provides leverage of up to 1:500. These leverage options cater to traders with different risk appetites and trading strategies.

The following table compares the maximum leverage ratios offered by VIPGlobal Capital Ltd with other brokerages:

Broker Forex Indices Commodities Stocks Cryptocurrencies
VIPGlobal Capital Ltd Up to 1:1000 Up to 1:1000 Up to 1:500 Up to 1:500 Up to 1:500
OctaFX Up to 1:500 Up to 1:500 Up to 1:125 Up to 1:20 Up to 1:100
FXCC Up to 1:300 Up to 1:200 Up to 1:200 Up to 1:10 Up to 1:10
Tickmill Up to 1:500 Up to 1:500 Up to 1:125 Up to 1:20 Up to 1:20
FxPro Up to 1:500 Up to 1:200 Up to 1:50 Up to 1:5 Up to 1:20

Spread

VIPGlobal Capital Ltd provides varying spread ranges for different account types. The PRO account offers spreads as low as 0.0 pips, the STANDARD account provides spreads as low as 1.7 pips, and the VIP account offers spreads as low as 1.0 pips. These spread options accommodate different trading preferences and market conditions, allowing traders to make informed decisions based on their strategies.

Deposit & Withdrawal

VIPGlobal Capital Ltd offers a range of deposit and withdrawal methods. For deposits, traders can choose from various options, including B2B in Pay, Bank Wire, Credit/Debit Cards like, Visa and Mastercard, and E-wallets/Cryptocurrency wallets, enabling pay through methods of PayPal, Ethereum, Bitcoin, Tether, and LocalDeposit. These methods provide flexibility for clients to manage their trading accounts and transactions in a manner that suits their preferences and needs.

Deposit & Withdrawal

For withdrawals, traders are limited to Debit Card, Bank Wire, Tether and PayPal.

Deposit & Withdrawal

Trading Platforms

VIPGlobal Capital Ltd offers the MetaTrader 4 trading platform for its clients. The MetaTrader 4 platform is well-known for its user-friendly interface, advanced charting tools, and reliable execution, making it a popular choice among traders.

Trading Platforms

The following table compares the trading platforms offered by VIPGlobal Capital Ltd with other brokerages:

Broker Trading Platforms
VIPGlobal Capital Ltd MetaTrader 4
OctaFX MetaTrader 4, MetaTrader 5
FXCC MetaTrader 4, MetaTrader 5
Tickmill MetaTrader 4, MetaTrader 5
FxPro MetaTrader 4, MetaTrader 5, cTrader

Customer Support

VIPGlobal Capital offers customer support on Monday through Friday during business hours. The options are as follows:

Phone: VIPGlobal Capital Ltd offers a customer support option through phone communication. Traders can reach out to customer support by dialing +63 2-8-849-2833. This direct communication channel allows traders to seek assistance, address concerns, and receive prompt responses from the brokerage.

Email: For those seeking customer support via written communication, VIPGlobal Capital Ltd provides an email option. Traders can send inquiries, questions, and concerns to support@vipglobalcapital.com. This email channel enables traders to receive timely responses and clarification on various matters related to their trading activities.

Conclusion

In conclusion, VIPGlobal Capital Ltd emerges as an unregulated brokerage offering a range of trading opportunities to clients. Established within the past year, the company operates with a notable absence of regulatory oversight. While the trading platform, MetaTrader 4, provides a user-friendly interface and advanced tools for executing trades across multiple market instruments.

Traders can explore different account types catering to various capital levels and leverage preferences. However, the lack of regulatory backing raises concerns about the protection and transparency offered to traders. With customer support accessible via phone and email, traders can seek assistance as needed. The inclusion of multiple deposit and withdrawal methods, including various digital currencies, enhances flexibility for clients managing their trading accounts.

FAQs

Q: What kind of trading accounts does VIPGlobal Capital Ltd offer?

A: VIPGlobal Capital Ltd provides a selection of trading accounts, including STANDARD, PRO, and VIP options.

Q: How does VIPGlobal Capital Ltd's leverage differ among its account types?

A: Leverage varies across account types: PRO and STANDARD offer up to 1:1000, while VIP provides up to 1:500.

Q: What trading platform is available for clients at VIPGlobal Capital Ltd?

A: Clients have access to the MetaTrader 4 trading platform for executing their trades.

Q: What are the primary methods for contacting customer support at VIPGlobal Capital Ltd?

A: Customer support can be reached through both phone (+63 2-8-849-2833) and email (support@vipglobalcapital.com).

Q: What tradable assets can traders access through VIPGlobal Capital Ltd?

A: Traders have the opportunity to engage in trading a wide range of instruments, including forex, indices, commodities, stocks, and cryptocurrencies.

Q: What is the notable regulatory status of VIPGlobal Capital Ltd?

A: VIPGlobal Capital Ltd operates without regulatory oversight, holding an unauthorized status from the National Futures Association (NFA).

News

NewsWikiFX Review: Is It Okay to Invest in VIPGlobal Capital?

VIPGlobal Capital Ltd was founded in 2023 and registered in Saint Lucia. In this article, we will delve into what this broker has to offer, from its account types to its regulatory status and WikiFX rating.

WikiFX
2023-09-14 16:12
WikiFX Review: Is It Okay to Invest in VIPGlobal Capital?

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