vtcrymarkets.com is an online CFD trading site launched in October 2024, branded as "VT Group". The platform offers CFD trading services in markets such as stocks, forex, commodities, and indices, but does not provide services in regions where they are legally restricted.
Platform Service Overview
Trading Accounts
VT Group offers a variety of account types, including multi-asset accounts, stock CFD accounts, and MT5 accounts. To cater to different traders' needs, the platform sets different leverage ratios for retail and professional clients.
Trading Platform
The platform supports the ST5 trading platform, compatible with both desktop and mobile devices, providing advanced charting tools with over 30 built-in technical indicators and 24 analytical objects.
However, the Google Play download link provided on the official website is inaccessible, and clicking the App Store link does not redirect to a real App Store page, with the download page showing compatibility for Android systems.
Trading Products
- Stocks: Financial instruments representing partial ownership in a company, entitling holders to share in profits and capital gains.
- Forex: The world's largest financial market, involving currency exchange transactions between different countries. Traders profit from exchange rate fluctuations.
- Commodities: Include physical assets like metals, energy, and agricultural products that can be traded in the market.
- Indices: Statistical indicators reflecting the overall performance of a specific group of stocks or assets, used to gauge market or sector trends.
Funding and Withdrawal Methods
VT Group supports funding and withdrawals through bank wire transfers. Deposits are free, and the first withdrawal amount under $500 each month is also free, while exceeding this amount or multiple withdrawals incur a fee of $40 per wire transfer ($30 for Euro accounts).
Contact and Social Media
Notably, VT Group does not offer official communication channels on major social media platforms like Facebook, Instagram, and Twitter. Users can only contact the platform via phone numbers or email provided on the official website.
Company Background and Regulatory Status
Company Information
According to information disclosed on vtcrymarkets.com, VT Group is headquartered in Manhattan, New York, USA, specifically at 1585 Broadway, Midtown Manhattan, West of Broadway.
The company claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Sector Conduct Authority (FSCA) of South Africa, with license numbers 123/10 and 46990, respectively.
Regulatory Verification
Upon verification, the CySEC website indicates that the license number 123/10 corresponds to Colmex Pro Ltd, whose official website is www.colmexpro.com, not vtcrymarkets.com. Similarly, the FSCA website reveals that the license number 46990 belongs to COLMEX PRO LIMITED, not VT Group.
Summary
vtcrymarkets.com is a new CFD trading platform established in 2024, but its website content is suspected of plagiarizing the well-known broker Colmex Pro, and it fails to provide genuine company entity and effective regulatory information.
Risk Warning: CFD trading involves high risk, as market volatility may lead to loss of principal, and leverage amplifies both risk and potential returns. Investors are advised to assess their risk tolerance and thoroughly understand the market and trading mechanisms before cautiously participating in trading, avoiding blind investment.
