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No Regulation
Score
1.53 /10
Danger
VIP Markets
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index7.13
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
open now
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Warning: Low score, please stay away!
2
Previous Detection :
2024-09-25
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
General Information & Regulation
VIP Markets is a UK-registered online Forex and CFD broker, currently not subject to any effective regulation. Beisides, VIP Markets claims that it is headquratered in London, UK., but no phone number is provided.
Market Instruments
Tradable financial trading products that VIP Markets offers to traders are Forex currency pairs, gold, oil, and CFDs.
Minimum Deposit
There is no initial deposit requirement related information displayed on the VIP Markets website.
VIP Markets Leverage
Still, trading leverage related information details are not provided, either.
VIP Markets Spreads
As the core part of forex trading, VIP Markets does not provide any spread related information on the its website. According to sector standard, the spread on EURUSD pair is around 1.1 pips to 1.5 pips.
Trading platform
VIP Markets provides traders with a web-based trading platform, without any installation and download, can provide real-time quotes, including all order types, including limit orders, one-click trading.
Customer Support
VIP Markets claims that its customer support services team can be available 7/24 for its traders. No telephone number is provided, and there is only a contact form for traders to fill in. To be frank, customer service methods this broker supported is rather limited.
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