Score

1.18 /10
Danger

VTPTRADE

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

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Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index4.49

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Warning: Low score, please stay away!
Previous Detection : 2024-12-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

VTPTRADE · Company summary
VTPTRADE Basic Information
Company Name VTPTRADE
Founded 2018
Headquarters China
Regulations Not regulated
Tradable Assets Forex, precious metals, energy, indices and cryptocurrency
Account Types Demo and real fund account
Trading Platforms VTPTRADE
Customer Support Email (vtptrade@vtptrades.cc)

Overview of VTPTRADE

Founded in 2018 and based in China, VTPTRADE is an online trading platform that offers a wide range of financial instruments to traders. Users can trade in various assets such as forex, precious metals, energy, indices, and cryptocurrencies. VTPTRADE provides different account options, including demo accounts for practice and real fund accounts for live trading. The platform is designed to be flexible and accessible, catering to diverse trading needs. However, it is important to note that VTPTRADE operates without regulatory oversight, which means traders should be cautious due to the inherent risks of unregulated trading.

Overview of VTPTRADE

Is VTPTRADE Legit?

VTPTRADE is not regulated. It is crucial to recognize that this broker lacks valid regulation, operating without supervision from established financial regulatory authorities. As a result, traders should be cautious and mindful of the risks involved when dealing with an unregulated broker such as VTPTRADE. Potential issues include limited options for dispute resolution, concerns about the safety and security of funds, and a lack of transparency in the broker's operations.

Is VTPTRADE Legit?

Pros and Cons

VTPTRADE offers an extensive range of trading instruments, giving traders access to diverse markets. This variety allows for ample trading opportunities. However, the platform operates without regulatory oversight, potentially exposing traders to heightened risks due to the lack of formal supervision and protections. Customer support is somewhat limited, primarily accessible through email, which might not meet the needs of all users seeking timely assistance. Additionally, the platform does not provide sufficient educational resources for traders looking to improve their knowledge and skills. Furthermore, there is a lack of clear information regarding payment methods, which could pose challenges for users in managing their funds effectively.

Pros Cons
  • Wide variety of trading instruments available
  • Operates without regulatory oversight, potentially exposing traders to risks
  • Limited customer support, mainly accessible via email
  • Insufficient educational resources
  • Unclear details regarding payment methods

Trading Instruments

VTPTRADE provides a diverse range of market instruments for trading, including:

  1. Forex: Up to dozens of major currency pairs, such as EUR/USD, USD/CAD, and GBP/USD.

  2. Precious Metals: Spot trading for metals including gold (XAUUSD) and silver (XAGUSD).

  3. Energy: Trading opportunities in US crude oil (USOIL).

  4. Major Global Indices: Indices such as the Hong Kong Hang Seng Index (HK50), German Index (GER30), and the S&P 500 Index (US500).

  5. Cryptocurrency: A selection of mainstream digital currency pairs, including Bitcoin (BTC/USD), Ether (ETH/USD), and Ripple (XRP/USD).

Account Types

VTPTRADE offers two main types of accounts to cater to the diverse needs of traders: demo accounts and real fund accounts.

  1. Demo Accounts: Ideal for beginners and those looking to practice their trading strategies without financial risk. Demo accounts provide a simulated trading environment with virtual funds, allowing users to familiarize themselves with the platform and refine their skills.

  2. Real Fund Accounts: Designed for active traders ready to engage in live trading with actual money. These accounts offer full access to all trading features and tools on the VTPTRADE platform, enabling users to trade a wide range of financial instruments, including forex, precious metals, energy, indices, and cryptocurrency.

Account Types

Trading Platforms

VTPTRADE provides one of the world's most popular and widely used online trading platforms. The VTPTRADE platform is renowned for its powerful charting tools, which include over 50 technical indicators and intraday analysis tools, allowing traders to make informed decisions. It combines security and reliability with an easy-to-use interface, making it accessible for beginners while offering advanced features that meet the needs of experienced traders.

Trading Platforms

Customer Support

VTPTRADE offers local customer support services, available through multiple channels 24/7. For any inquiries, traders can reach out to VTPTRADE via email at vtptrade@vtptrades.cc.

Customer Support

Conclusion

In conclusion, VTPTRADE presents traders with a wide array of trading instruments, offering ample opportunities across various markets. However, the absence of regulatory oversight poses potential risks for traders. Moreover, the platform's limited customer support primarily through email and the lack of comprehensive educational resources may present challenges for users seeking guidance. Additionally, unclear information on payment methods could hinder users' confidence in managing their accounts effectively. Traders should exercise caution and conduct thorough research before engaging with VTPTRADE to mitigate potential risks and ensure a safer trading experience.

FAQs

Q: Is VTPTRADE regulated?

A: No, VTPTRADE operates without regulation, meaning it lacks oversight from recognized financial regulatory authorities.

Q: What trading instruments are available on VTPTRADE?

A: VTPTRADE offers a variety of trading instruments, including forex, precious metals, energy, indices, and cryptocurrency.

Q: What account types does VTPTRADE offer?

A: VTPTRADE provides different account types, including demo accounts and real fund accounts, catering to traders with various preferences and experience levels.

Q: How can I contact VTPTRADE's customer support?

A: For any inquiries, traders can reach out to VTPTRADE via email at vtptrade@vtptrades.cc.

Risk Warning

Online trading carries inherent risks, and there is a possibility of losing all invested capital. It may not be suitable for all traders or investors. It's important to fully understand these risks and acknowledge that the information provided in this review could be subject to change due to updates in the company's services and policies. Additionally, the date of this review's generation should be considered, as information may have evolved since then. Therefore, readers are encouraged to independently verify updated information directly from the company before making any decisions or taking action. The reader bears sole responsibility for the use of the information provided in this review.

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