Virtual Markets is a forex broker that was registered in Saint Lucia on September 13, 2023, which primarily provides foreign exchange trading services to investors. The exact address of its headquarters is unknown. This broker does not offer services to jurisdictions where such services would violate local laws or regulations.
Company Registration Information and Regulatory Status:
According to information publicly available on the official Virtual Markets website, the entity registered in Saint Lucia is Virtual Markets Ltd, with a specific registration address at Ground Floor, The Sotheby Building, Rodney Bay, Gros-Islet, Saint Lucia PO Box 838, Castries, Saint Lucia, with a company registration number of 2023-00452. The broker's official website does not disclose the regulatory information it is subject to.
Upon verification, an entity named Virtual Markets Ltd with the registration number 2023-00452 can be found in the records of Saint Lucia's International Business Companies and International Trusts Registry (ifc). However, no broker named Virtual Markets Ltd has been found in the registry of the Financial Services Regulatory Authority (FSRA) of Saint Lucia, nor in the official financial regulatory bodies of other jurisdictions.
Information obtained from a Whois search indicates that the domain name of this broker's official website was registered on September 28, 2023. Additionally, as of January 12, 2024, Virtual Markets has been established for just 4 months.
Account Opening:
The broker's official website does not provide an account opening portal, nor does it explain how to open an account.
Account Information:
Virtual Markets does not disclose the specific account types it offers on its official website.
- Spread: From 0 pips;
- Maximum trading leverage: 1:100;
- Latency: From 0 milliseconds;
- Trading instruments: 100+;
- Execution type: STP;
- 24/7 customer service.
Trading Platform:
Virtual Markets does not disclose the trading platforms it provides on its official website.
Deposits and Withdrawals:
Virtual Markets does not publish the supported methods, fees, and minimum amounts for deposits and withdrawals on its official website.
Summary:
Traderknows reminds investors that Virtual Markets is a forex broker without effective regulation, and its account transaction information is unclear, with ambiguous deposit and withdrawal methods. Additionally, the contact methods are limited, with customer support services only accessible via email and online contact on the official website. Traderknows advises investors to avoid Virtual Markets when choosing a broker and to opt for brokers who are transparent, strongly regulated, and have a good reputation, in order to protect their assets from unnecessary losses.
Currently, this broker is marked as "Suspected Scam" on Traderknows.
