VTPTRADE is a forex broker whose official website domain was registered on January 10, 2024. It primarily offers investors trading services in financial derivatives such as foreign exchange, stocks, futures, energy, precious metals, and cryptocurrencies, with its headquarters located in London. This broker does not provide services in jurisdictions where such services might violate local laws or regulations.
Registration Information and Regulatory Status:
Public information on VTPTRADE's official website reveals that the full name of the broker is VTPTRADE GROUP LIMITED, registered with the United States Financial Crimes Enforcement Network (FinCEN), with an MSB number of 31000234126807.
Upon verification, the UK Companies House website does not list the registration information of this broker. Moreover, a search in the Financial Crimes Enforcement Network (FinCEN) shows that the MSB number 31000234126807 corresponds to SSJTCF GROUP LIMITED, not VTPTRADE GROUP LIMITED.
Additionally, the website design and content of this broker's official site closely resemble those of other broker websites, such as PU Markets Ltd, LOXLEY FX, HCJT GROUP, KFCP, XZDL GLOBAL, and Ylehub FX.
Account Opening:
To open an account with VTPTRADE: visit the broker's official website, click on “Register” on the homepage or the top-right corner of the webpage, fill in your personal email address and set a login password before submitting. After submission, the account registration will be successful.
Trading Account Information:
VTPTRADE does not disclose information on its official website regarding spreads, trading leverage, margin call/stop-out levels, account types, trading commissions, minimum/maximum trade sizes, maximum open orders/positions, or minimum price precision.
Trading Platform:
VTPTRADE provides its users with a proprietary trading platform.
Deposits and Withdrawals:
VTPTRADE does not specify on its official website the methods, fees, and minimum amounts for deposits and withdrawals.
Conclusion:
Traderknows warns investors that VTPTRADE is a financial derivatives trading brokerage website with unclear corporate registration information and lacking effective regulation. The site can only be contacted via email, offering very limited communication options. The design and content of its official website use the same template as those of brokers such as PU Markets Ltd, LOXLEY FX, HCJT GROUP, KFCP, XZDL GLOBAL, Ylehub FX. Traderknows advises investors to opt for brokers with transparent information, strong regulation, and good reputation for their investment and trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Scam" on Traderknows.
