VS FX is an offshore broker and it is an unreliable one. Please read VS FX review before investing. The broker is not regulated by any of the known regulatory authorities in the jurisdiction. This broker offers operations in many asset classes and provides investment services in many countries throughout the globe without having a proper license from any of the known regulators like SEC, ASIC, FCA, BaFin, CNMV, CySEC, etc. On investigating online we found that there are many negative VS FX reviews and complaints on different broking forums. This is a red flag, for VS FX broker can be possible scam/fraud. Your investments/funds may not be secured if you are trading with this broker.
Website – http://www.fxvsvip.com/en/
Official Address – United Kingdom
Warned by regulating authority – Not Recommended By Review Website Like Scams Report
VS FX Review: Introduction
VS FX is an online trading forex platform owned by VS FX FINANCIAL LIMITED. It is located in the United Kingdom, and the website is found at https://www.verasouls.com/en/. They claim to be registered by the US Commodity Futures Trading Commission (NFA) and the Canadian Banking Supervisory Commission-MSB. They provide a contact email at email@example.com, but the contact number is missing from their website.
They also claim that they provide first-class quality financial services forex trading platform to provide global customers with online trading services of financial derivatives, including foreign exchange, precious metals, CFDs, etc. VS FX claims to be a reliable and legit broker, but we found that they are potentially a scam broker or might be involved in scam activities. Read a complete VS FX Review to know more about this broker.
VS FX Review: Regulated License
When choosing a trading platform, it is significant to check the broker’s regulated license. It helps you to avoid fraudsters or scam brokers. VS FX claims to be regulated in Australia, but we find that they are a potential scam broker or involved in online scam activities.
VS FX Review: Trading Account
They offer four types of trading accounts which include standard, plus, pro, and ECN accounts. The minimum deposit of the standard account is $2000, plus account $5000, Pro account $30,000, and ECN account $100,000, and leverages start from 1:50 to 1:200.
How does the VS FX scam work?
Scam brokers contact people through online ads and social media platforms. They manipulate you by giving exciting offers and great deals that you make a good profit with them. When you click on these fake ads and provide your contact number, scam brokers contact you immediately and ask for an initial deposit. These tricks always work for new and innocent investors. Sometimes they make a clone website of a legit broker to attract more people. After that, they ask for a huge amount, and in return, they assure you to make a good profit.
But when you want to withdraw your money, you will realize that you are a victim of a scam broker, and scammers steal all your money. The scams Report community always advises you to never invest money in a trading platform without checking the regulated license of a broker otherwise; you will lose your hard-earned money. Some regulated brokers are also a part of online scams, so it’s better to check the cryptocurrency scam list before trading.
Customer Review and Ratings
If you are searching for an online trading platform, reviews and ratings help to avoid scam brokers. After reading all the negative and positive VS FX reviews, we found that this broker got negative reviews and feedback on all other sites. Scams Report advises you to stay away with this broker or any other unregulated broker. You can avoid scams by reading all the scam broker reviews. We provide a scam brokers list of 2022 on our Scams Report website.
VS FX Review: Conclusion
Scams Report never recommends you to trade with VS FX broker because they might be involved in online scam activities. It’s better to avoid unnecessary risk, and taking the right step after a scam is also necessary. If you are a victim of VS FX broker, you can file a chargeback for fund recovery. Fill out a complaint form on our website. Scams Report will provide a free consultation and guide you in the process of fund recovery.
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