VFX Markets is a foreign exchange and Contract for Difference (CFD) broker established in Saint Vincent and the Grenadines, with its headquarters located in London, United Kingdom. It primarily offers CFD trading services in forex, commodities, stocks, indices, and more. The broker's official website is https://vfxmarkets.com/ and it supports the English language. VFX Markets does not provide services to customers from the United States, Canada, Iraq, Sudan, Syria, and North Korea.
Company Background:
VFX Markets operates under the entity VFX Markets Limited, claiming to have been established in Saint Vincent and the Grenadines in 2009 with company registration number 25679 BC 2019. However, there is no publicly available information about this broker from the Saint Vincent and the Grenadines Financial Services Authority. According to Whois data, the broker's website domain was registered on July 29,2019.
Regulatory Status:
VFX Markets is not regulated by any regulatory authority, which may result in lower levels of asset security, investor protection, and risk management compared to regulated brokers. The services offered by this broker carry a higher degree of risk. Investors should exercise caution when considering the services of this broker to protect their financial assets.
Trading Products:
VFX Markets offers a variety of financial instruments for user trading, including:
Forex: Provides opportunities to trade various currency pairs in the forex market. Forex CFDs allow investors to trade based on price fluctuations between one currency and another. Examples of available currency pairs include EUR/USD, GBP/USD, and USD/JPY, among others.
Commodities: Commodity CFDs enable investors to potentially profit from price fluctuations in raw materials and resources. Commodities include crude oil, copper, and iron ore, among other raw materials. Commodity CFDs allow investors to participate in various commodity markets without owning the physical assets.
Stocks: Traders can engage in CFD trading of stocks from different companies, including well-known companies like Apple, Microsoft, and Amazon. This allows investors to participate in the market without owning the actual stocks.
Indices: Index CFDs enable investors to trade based on the price performance of market indices without buying or selling the actual constituent stocks or assets.
These products not only provide opportunities for investors to access different financial markets but also allow investors to manage risk through diverse portfolios.
Trading Platform:
Information about the trading software provided by VFX Markets, including its name and features, is publicly available. It is advisable to research the broker's trading software through their customer service or public sources before engaging with it.
Account Registration:
VFX Markets' official website provides an account registration link where users can choose to register for a demo account or a live account based on their preferences. The registration process involves:
Opening the VFX Markets official website and clicking on "OPEN ACCOUNT" in the top-right corner.
Providing the required information, such as email and password, to complete the account registration.
Account Types:
VFX Markets offers three types of accounts:
- STANDARD Account: Starts with spreads from 4 pips, no commission, leverage up to 1:500, minimum trade size of 0.01 lots, and a minimum deposit of $200.
- PREMIUM Account: Starts with spreads from 3 pips, no commission, leverage up to 1:500, minimum trade size of 0.10 lots, and a minimum deposit of $2000.
- VIP Account: Starts with spreads from 2 pips, no commission, leverage up to 1:500, minimum trade size of 0.05 lots, and a minimum deposit of $5000.
Users can choose the account type that suits their trading needs.
Deposits and Withdrawals:
VFX Markets supports multiple deposit and withdrawal methods, including digital assets, bank wire transfers, credit cards, and more. Investors can choose the method that aligns with their preferences.
Customer Support:
Investors can reach VFX Markets' customer service through telephone and email. Since the broker does not specify its customer service hours, it may not provide immediate responses, potentially affecting the user experience.
Summary:
VFX Markets offers users opportunities to trade various financial products. However, this broker provides high leverage ratios, lacks publicly available company registration information, and is not regulated by any regulatory authority. Currently, this broker is marked as "suspected fraud" on TraderKnows. Users should exercise caution when considering the services provided by this company to safeguard their financial assets and avoid falling into potential fraud traps.
