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VS FX -

Score

1.38 /10
Danger

VS FX

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

http://www.fxvsvip.com/en

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Comparison

Quantity 22

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index5.99

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

VS FX Financial Limited

Company Abbreviation

VS FX

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-19
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 22 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Exposure

22 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Unable to withdraw

Since the beginning of trading, it requires to pay self-certification fee and margin

2022-07-30 01:19
Unable to Withdraw

Apply for withdrawal on 7/26, but cannot withdraw on 7/29.

Withdrawal of USD 4308, the attachment provides the current status of my account and transaction records. Please help to assist with the withdrawal, thank you.

2022-07-29 10:09
Scam

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?

2022-09-14 13:32
Unable to Withdraw

Manipulated platform that freeze the account and deny withdrawal for no reason

Freeze the account for no reason.. do not withdraw. Require to pay fees to unfreeze the account. The former website is listed as fraud pwebsite. Touyouliujin Club joined the platform. Due to insufficient funds, the account was frozen in August, and it was said that the share was not paid, but the actual profit and loss in July was negative... But I was asked to provide the profit and loss to skip the day of the big loss... No This platform is recommended!!

2022-08-05 10:26
Unable to Withdraw

Fraud platform that cannot withdraw

It is able to withdraw small amount, but not for large amount. Tell you that you need to unfreeze your account.

2022-07-20 11:58
Unable to Withdraw

Unable to withdraw

After applying for withdrawal, the customer manager confirms that it will arrive in T+2 days. Now, I cannot log in due to a malicious report. Customer service is also disappeared.

2022-08-01 18:01
Unable to Withdraw

I can't withdraw at all, and they delete my personal account for fear of being reported.

The agent colluded with the institution and asked others to keep increasing the capital. The institution deliberately let you all the funds, and tried to lure you into the money to bring you back, but the money could not be withdrawn at all, and the personal account was deleted.

2022-07-31 19:46
Scam

VS FX THOUGHT THEY COULD GET AWAY

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 !!

2022-09-02 06:59
Unable to Withdraw

Unable to withdraw!!! Fraud platform

I deposit 11864 usd and follow the order to make some profit. I want to wtihdraw, but cannot do that. I need to pay unfrozen fee to withdraw.

2022-07-20 17:55
Unable to Withdraw

Unable to withdraw

Yang Jin, Liu Guoqiang and Lin Yuxuan, the assistant manager of the Luanjinshe, used the platform to operate international transactions. After a lot of people made deposits, they could not withdraw the money.

2022-08-03 19:11
Unable to Withdraw

Unable to withdraw

I met the manager through the investment community. When I made the deposit, I said that each receiving account must pay a huge deposit in MSB in the United States, which can ensure the safety of investors' funds. It also blocked me. It has been a week since the application, and the status is still pending.

2022-08-09 19:04
Unable to Withdraw

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

2022-09-10 08:55
Unable to Withdraw

Unable to withdraw

There are no updates after the application. It has been several days and there is no progress in withdrawing funds. Please help to withdraw to my bank account

2022-07-26 03:31
Unable to Withdraw

Unable to withdraw

Gilt GOLD SOCIETY Yang JIN lecturer and LIU Guoqiang lecturer, ASSOCIATE Lin YuXUAN asks us to use your platform to operate the international market. When we want to wihtdraw, no one response. On some platforms, people have called the police for help.

2022-08-01 23:14
Scam

Agents are afraid of being reported and delete personal accounts

After the Taiwan agents' joint agency tricked the fund into setting up the bureau to lose all the funds, they tricked the fund into helping to earn back the results, and it was completely impossible to get out of the fund. After the inquiry, they delayed and even deleted their personal account number. The account opening manager also blocked my line

2022-08-01 00:50
Unable to Withdraw

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.

2022-09-05 17:30
    VS FX · Company summary
    Aspect Information
    Company Name VS FX Financial Limited
    Registered Country United Kingdom
    Founded Year 1-2 years
    Regulation No valid regulation
    Maximum Leverage Up to 1:100
    Spreads Start from 0.5 pips
    Trading Platforms MT4 (PC, Android, iPhone), Proprietary Trading App
    Tradable Assets Forex currency pairs, commodities (gold and silver), indices (CN300, A50), oil (Brent, WTI)
    Demo Account Available
    Customer Support Telephone and email
    Deposit & Withdrawal BitWallet, PayRetailers, Wire Transfer, AstroPay, LetKnow,
    PerfectMoney e-voucher, CallPay, and credit cards
    Educational Resources Not specified

    Overview of VS FX

    VS FX is an online trading platform without regulation based in the United Kingdom. It offers a maximum leverage of up to 1:100 and competitive spreads starting from 0.5 pips. Traders can access the popular MT4 platform and a proprietary trading app for PC, Android, and iPhone.

    The broker provides a range of tradable assets, including forex currency pairs, commodities (gold and silver), indices (CN300, A50), and oil (Brent, WTI). A demo account is available, and customer support is provided via telephone and email. Various deposit and withdrawal methods are accepted, but specific educational resources are not specified.

    Is VS FX Legit or a Scam？

    It has been verified that VS FX Financial Limited does not have any valid regulation. This lack of regulation raises concerns and indicates a potential risk for traders.

    Additionally, there have been 22 complaints received by WikiFX regarding this broker within the past 3 months, further highlighting the need for caution and the potential for fraudulent activities. The claim made by the broker regarding United States NFA regulation (license number: 0541241) is also suspected to be a clone, adding to the doubts about the legitimacy and credibility of VS FX Financial Limited.

    Traders should exercise extreme caution and thoroughly evaluate the risks before engaging in any trading activities with this broker.

    Pros and Cons

    VS FX Financial Limited offers several advantages to traders. Firstly, it provides a wide range of tradable assets, including forex, commodities, indices, and oil, allowing traders to diversify their investment portfolio. The maximum leverage of up to 1:100 offers flexibility for traders to enhance their trading positions. Additionally, competitive starting spreads from 0.5 pips provide potentially cost-effective trading conditions. The availability of popular trading platforms like MT4 and a proprietary trading app offers convenience and advanced features. Traders can also benefit from a demo account to practice their strategies, and the acceptance of multiple payment methods facilitates easy deposits and withdrawals.

    However, a major disadvantage is the lack of valid regulation, which poses a risk for traders. Additionally, there is limited information on educational resources, and the extent of customer support is not clearly specified.

    Pros Cons
    Wide range of tradable assets including forex, commodities, indices, and oil No valid regulation
    Maximum leverage of up to 1:100 for flexible trading Lack of specified educational resources
    Competitive starting spreads from 0.5 pips Limited information on customer support
    Availability of popular MT4 trading platform and proprietary trading app
    a demo account for practicing trading strategies
    Multiple payment methods accepted for deposits and withdrawals

    Market Instruments

    VS FX Financial Limited provides a diverse range of trading options across multiple asset classes. Traders can access various Forex currency pairs, including popular pairs such as EUR/USD, USD/JPY, AUD/USD, NZD/USD, GBP/USD, and more. In addition, the broker offers trading opportunities in commodities such as gold and silver, allowing traders to participate in the precious metals market. Traders can also trade on indices like CN300 and A50, enabling them to speculate on the performance of specific market indices. Furthermore, VS FX Financial Limited offers trading opportunities in oil, specifically Brent and WTI. These multiple asset classes provide traders with flexibility and the ability to tailor their investment portfolios based on their preferred trading style and market preferences.

    products

    Leverage

    Traders using the VS FX Financial Limited platform have the opportunity to utilize a maximum trading leverage of up to 1:100. This high leverage ratio can cater to the needs of even the most aggressive traders, providing them with the potential to amplify their gains. However, it is important to note that while leverage can increase profits, it also exposes traders to higher risks, particularly for inexperienced traders. It is essential for traders to fully understand the implications of leverage and exercise caution when using high leverage ratios to manage their trading strategies effectively and mitigate potential losses.

    leverage

    Spreads & Commissions

    VS FX Financial Limited offers variable spreads on its trading platform. While specific spreads for different instruments are not specified, the broker provides typical spreads for some currency pairs and precious metals. The typical spreads are approximately 3 pips for USD/CHF and USD/JPY, 2.5 pips for GBP/USD, EUR/USD, USD/CAD, and NZD/USD, and 0.5 pips for Gold and Silver.

    Traders should note that spreads can vary based on market conditions, liquidity, and other factors, and it is advisable to check the actual spreads on the platform before executing trades.

    Swaps

    VS FX Financial Limited applies overnight interest charges for traders who hold positions overnight. The calculation formula for forex positions is as follows: Closing price * unit * volume * interest rate * (1/360) / closing price.

    For gold trading, the overnight interest rates are -1.5% for buy positions and 1.5% for sell positions.

    For silver trading, the rates are -3.5% for buy positions and -1.5% for sell positions.

    It's important for traders to consider these overnight interest charges when holding positions for an extended period and factor them into their trading strategies and calculations.

    Trading Platforms

    VS FX Financial Limited provides its clients with access to the widely popular MT4 trading platform, which is available on various devices including PC, Android, and iPhone. Traders can enjoy the full functionality of the MT4 platform, including charting tools, technical indicators, and expert advisors to enhance their trading experience. In addition to MT4, the broker offers a proprietary trading app that can be downloaded by traders. This app serves as a comprehensive tool for account opening, transaction execution, account management, and accessing the latest news and information. With these trading platforms and apps, clients of VS FX Financial Limited have the flexibility and convenience to trade and manage their accounts from anywhere and at any time.

    trading-platform

    Customer Support

    VS FX Financial Limited provides multilingual customer support to assist clients with their inquiries and concerns. Traders can reach out to the customer support team via telephone or email. The customer support hours are from Monday to Friday, operating between 07:30 and 23:30. This extended support window ensures that clients have access to assistance during most trading hours. Whether traders have questions about their accounts, trading platforms, or any other related matters, the customer support team is available to provide timely and helpful support.

    Trading Hours

    VS FX Financial Limited provides clear trading hours for different trading instruments to ensure traders are aware of the specific timeframes in which they can trade. Here are the trading hours for each instrument:

    1. Forex Trading Hours: The trading hours for forex are based on Beijing time. During winter, trading is available from Monday at 07:03 AM until Saturday at 04:00 AM. During summer time, trading is available from Monday at 07:03 AM until Saturday at 03:00 AM.

    2. Brent and WTI Trading Hours: The trading hours for Brent and WTI are also based on Beijing time. After Brent and WTI close at 04:00 AM (winter) or 03:00 AM (summer), all pending orders, including stop loss and take profit orders, will be cancelled. The specific trading hours are as follows: Brent - Monday from 09:05 AM until Saturday at 04:00 AM (winter) or 08:05 AM until Saturday at 03:00 AM (summer); WTI - Monday from 07:03 AM until Saturday at 04:00 AM (winter) or 07:03 AM until Saturday at 03:00 AM (summer).

    3. Index Trading Hours: The trading hours for the CA50 and CN300 indices are based on Beijing time. After the CA50 index closes at 01:30 AM, and after the CN300 index closes at 15:00 PM, all pending orders, including stop loss and take profit orders, will be cancelled. The specific trading hours are as follows: A50 - Monday to Friday from 09:15 AM to 16:15 PM, and from 17:15 PM to 01:30 AM the next day; CN300 - Monday to Friday from 09:35 AM to 11:30 AM, and from 13:00 PM to 15:00 PM.

    By providing clear trading hours for different instruments, VS FX Financial Limited ensures that traders are well-informed about when they can engage in trading activities and when certain orders may be canceled.

    Conclusion

    In conclusion, VS FX is an online trading platform based in the United Kingdom that offers traders access to a wide range of tradable assets, competitive spreads, and a maximum leverage of up to 1:100. The platform supports the popular MT4 trading platform and provides a proprietary trading app for convenient trading across devices. However, it is important to note that VS FX lacks valid regulation, which may raise concerns about investor protection. Additionally, the absence of specified educational resources may limit the support available for traders seeking educational materials. Traders should carefully evaluate the advantages of the platform, such as the diverse asset selection and user-friendly trading tools, against the potential risks associated with the lack of regulation and limited educational resources.

    FAQs

    Q: Is VS FX regulated by any financial authority？

    A: No, VS FX does not have any valid regulation.

    Q: What is the maximum leverage offered by VS FX？

    A: Traders can access a maximum leverage of up to 1:100 with VS FX.

    Q: What are the starting spreads offered by VS FX？

    A: The spreads at VS FX start from as low as 0.5 pips.

    Q: What trading platforms are available with VS FX？

    A: VS FX provides the popular MT4 trading platform for PC, Android, and iPhone, as well as a proprietary trading app.

    Q: What types of assets can be traded on VS FX？

    A: Traders on VS FX can trade a variety of assets, including forex currency pairs, commodities like gold and silver, indices such as CN300 and A50, and oil options like Brent and WTI.

    Q: Does VS FX offer a demo account for practice？

    A: Yes, VS FX provides a demo account for traders to practice their trading strategies.

    Q: How can I contact customer support at VS FX？

    A: You can reach VS FX customer support through telephone or email.

    Q: What payment methods are accepted for deposits and withdrawals at VS FX？

    A: VS FX accepts various payment methods, including BitWallet, PayRetailers, Wire Transfer, AstroPay, LetKnow, PerfectMoney e-voucher, CallPay, and credit cards.

    User Reviews

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    User comment

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    Comments

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    SaSali
    more than one year
    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!
    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!
    Translate to English
    2023-12-11 18:32
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    Mohammed H. Ali
    more than one year
    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!
    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!
    Translate to English
    2023-12-08 17:49
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