vip-marketsh.com is a CFD brokerage website that registered its domain on February 23, 2024. It primarily offers trading services in financial derivatives such as stocks, futures, crude oil, gold, cryptocurrencies, and forex to retail and institutional clients. This broker does not provide services to jurisdictions where doing so would violate local laws or regulations.
Company Registration Information and Regulatory Status:
According to the publicly available information on vip-marketsh.com, the full name of the brokerage firm is IC Market Limited, headquartered in Hong Kong. Its subsidiaries are regulated by the U.S. Financial Crimes Enforcement Network (FinCEN) and registered with the U.S. National Futures Association (NFA) under ID 146789. The company's profile page on the website also claims its headquarters are in London, UK, with branches in the USA, Vanuatu, and Sydney, Australia, all fully accredited and locally regulated.
Upon verification, the NFA website shows no company with NFA ID 146789. In fact, vip-marketsh.com has copied the name and brand logo from the reputable broker IC Markets.
Therefore, vip-marketsh.com is actually a fraudulent brokerage site with no actual company entity or regulatory oversight.
Account Opening Process:
To open an account on vip-marketsh.com, visit the broker's website and click the "Register" button on the homepage or in the top right corner of the web page. Enter your email address and set a login password as required. The broker will then send a verification code to the provided email. Enter the code into the application form and submit it. After submission, the account will be successfully registered. To deposit and trade, further identity verification is required.
Trading Account Information:
The vip-marketsh.com website only discloses information on spreads, trading leverage, margin call/stop-out levels, and contract size. Details about account types, trading commissions, minimum/maximum trade volumes, maximum positions/orders, and minimum price precision are not provided.
- Spread: Floating, starting from 1 pip
- Trading Leverage: 1:100—1:500
- Margin Call/Stop-Out Levels: 100%/50%
- Contract Size: 1 lot = 100,000 currency units
Trading Platform:
vip-marketsh.com provides users with a self-developed trading platform available on both desktop and mobile. The platform offers over 50 technical indicators and intraday analysis tools while featuring functionalities suitable for advanced traders.
Deposit and Withdrawal:
vip-marketsh.com does not clearly disclose the supported deposit and withdrawal methods, fees, or minimum amounts on its website.
Conclusion:
Traderknows reminds investors that vip-marketsh.com is a suspected fraudulent broker with unclear registration and regulatory information and false advertising. The only way to contact them is through email, making their contact method very limited. The website design and content are the same as other fraudulent broker websites like Gildencrest Capital, Tosta Global Limited, fbspro, BLK International Exchange Inc, Bestonfx Trading Limited, and fogo forex. Traderknows advises investors to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
