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VS Market Limited -Overview of Minimum Deposit, Leverage, Spreads

VS Market Limited | 2022-06-30 16:41

Resumo：VS Market Limited is a newly established forex broker registered in the United Kingdom. Rhine International limited allows its clients access to a series of financial markets including stocks, foreign exchange, gold and silver and more.

Aspect	Information
Registered Country/Area	Hong Kong
Founded year	1-2 years
Company Name	VS Market Limited
Regulation	No Regulation
Minimum Deposit	Not specified
Maximum Leverage	1:100 to 1:300
Spreads	EURUSD starting from 0.1 pips
Trading Platforms	MetaTrader 5 (MT5): Windows, Mobile, and Web Client
Tradable Assets	Foreign exchange, noble metals, futures, cryptocurrencies
Account Types	Live accounts and demo accounts
Demo Account	Available
Islamic Account	Not specified
Customer Support	Email: service@vsmarket-fx.com<br>Phone: +852 66741961
Payment Methods	Not specified

General Information

VS Market Limited is a newly established forex broker registered in the United Kingdom. Rhine International limited allows its clients access to a series of financial markets including stocks, foreign exchange, gold and silver and more. However, it is important to note that VS Market Limited is not regulated by any financial authority, which means that there is no oversight or protection for investors who trade with this broker. This lack of regulation poses a potential risk for traders, as there may be no recourse in case of any issues or disputes.

Despite the absence of regulation, VS Market Limited offers a variety of market instruments to its clients. These instruments include foreign exchange, noble metals, futures, and cryptocurrencies. Clients can engage in trading different currency pairs in the foreign exchange market, trade noble metals like gold and silver, participate in various futures markets, and speculate on the price movements of cryptocurrencies through contracts for differences (CFDs).

VS Market Limited provides two types of accounts: live accounts and demo accounts. Live accounts do not specify a minimum initial deposit requirement and grant access to the full range of features and services. On the other hand, demo accounts are designed for newcomers to practice and refine their trading strategies without risking real money.

While VS Market Limited offers a comprehensive trading platform with versions for Windows, mobile (iOS and Android), and web, it is important to exercise caution due to the lack of regulation and potential risks associated with trading with an unregulated broker. Customer support is available through various channels, including email and telephone.

Pros and Cons

VS Market Limited offers a wide range of market instruments, providing trading opportunities in foreign exchange, noble metals for asset preservation, futures trading, and cryptocurrency CFDs. The company also offers live and demo accounts to cater to different needs and provides leverage options up to 1:300. It has comprehensive trading platforms, specifically the MT5, which is known for its functionality and automated trading capabilities. However, a significant drawback is that VS Market Limited is not regulated by any financial authority, which raises concerns about investor protection. There is limited information available on the additional features and functionalities of the trading platforms. The regulatory license of the company is considered suspicious, and the server is located only in China. Transparency regarding minimum initial deposit requirements, spreads, and commissions is lacking, and clarity on deposit and withdrawal limits is also limited.

Pros	Cons
Offers a wide range of market instruments	Not regulated by any financial authority
Provides trading opportunities in foreign exchange	Limited information on additional features and functionalities of the trading platforms
Includes noble metals for asset preservation	Suspicious regulatory license
Facilitates futures trading	Limited information on additional features and functionalities of the trading platforms
Offers cryptocurrency CFDs	Server located only in China
Provides live and demo accounts for different needs	Lack of transparency and information about minimum initial deposit requirement
Offers leverage options up to 1:300	Limited availability of information about spreads and commissions
Comprehensive trading platforms (MT5)	Lack of clarity on deposit and withdrawal limits

Is VS Market Limited Legit？

VS Market Limited is not regulated by any financial authority. This means that there is no oversight or protection for investors who trade with this broker. If something goes wrong, you may not be able to get your money back.

Market Instruments

With VS Market Limited, four classes of trading assets including Forex exchange, Noble Metal, Futures and Cryptocurrency are available through the brokerage platform.

Foreign Exchange market

In the foreign exchange market, clients can engage in trading various currency pairs. The foreign exchange market is the largest financial market globally, with a massive daily turnover. VS Market Limited provides trading opportunities for currency pairs such as AUDUSD, EURUSD, GBPUSD, NZDUSD, USDCAD, and USDCHF. Each currency pair has its own specific trading characteristics and transaction times.

Noble metals

Noble metals like gold and silver are also offered by VS Market Limited. These metals are popular choices for individuals looking to maintain their assets and mitigate risks. Gold and silver possess commodity, currency, and financial attributes.

Futures

Futures contracts are standardized agreements to deliver a certain quantity of an underlying asset at a predetermined time and place. VS Market Limited facilitates futures trading, allowing clients to participate in various futures markets. Some of the available futures contracts include NYMEX Light Crude Oil Futures, ICE Brent Crude Oil Futures, Hong Kong Hang Seng Index Futures, and Xinhua FTSE China A50 Index Futures.

Cryptocurrency

Additionally, VS Market Limited offers cryptocurrency contracts for differences (CFDs). Cryptocurrencies have gained significant popularity in recent years, and VS Market Limited provides trading opportunities for cryptocurrencies such as Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ripple (XRP), and others. These cryptocurrency CFDs enable clients to speculate on the price movements of these digital assets without owning them directly.

Pros	Cons
Offers foreign exchange trading opportunities	Not regulated by any financial authority
Provides access to noble metals (gold and silver)	Some market instruments may be more volatile than others
Facilitates futures trading	There is a risk of loss when trading
Offers cryptocurrency CFDs	Lack of transparency and information about minimum initial deposit requirement
Diversification through a range of market instruments

Account Types

VS Market Limited offers a live account and a demo accounts. The minimum initial deposit for the live account is not disclosed, and demo accounts allows newcomers to test trading environment on the platform and practice their trading strategies.

How to Open an Account？

To open an account with VS Market Limited, follow these steps:

Visit the VS Market Limited website.
Click on the “Open a real account” or “Try free demo account” option.

3. Provide your registration information, including your name, nationality, country code, phone number, email, and password.

4. Proceed to the next section for user information.

5. Enter your basic information, such as your name, nationality, gender, and date of birth.

6. Provide your country code, phone number, and identity card/passport number.

7. Upload the required identity document and its backside.

8. Choose the trading platform you prefer and add any necessary remarks.

9. Read and understand the provided information, including the User Agreement and Risk Disclosure.

10. Confirm your intention to sign up for a new real account.

11. Submit your registration information.

Leverage

VS Market Limited offers the maximum leverage up to 1:500, which is a generous offering. Leverage can improve potential returns by allowing you to double or even quadruple your account amount. However, it can also cause to serious fund losses, especially to inexperienced traders. Therefore, it is essential for traders to choose the proper amount based on their risk tolerance.

Spreads

VS Market Limited offers its traders access to an ultra-low spread trading environment, with spread on the EURUSD pair from 0.1 pips, for it partners with many top banks and liquidity providers. Since many forex broker today calculate all trading costs into spreads, brokerage firms who offers competitive spreads receive much popularity.

Trading Platform Available

When it comes to trading platforms available, VS Market Limited offers its clients access to the leading MT5 Trading platform. With this advanced trading software, traders can get access online transaction of foreign exchange, cryptocurrencies, precious metals and indices. Besides, MT5 also enables them to operate trading bots such as EA, study financial markets, and engage in advanced trading operations, even duplicating the strategies of other investors without difficulty.

Some features of the MT5 trading platform:

Automated trading supported;
One-click trading;
Supporting all order modes;
Multi-account management;

Deposit & Withdrawal

VS Market Limited provides a user-friendly Deposit and Withdrawal process that is designed to accommodate a wide range of banks. The platform supports transactions from all banks, and the daily Deposit limit is determined by the user's own bank. Users are advised to consult their bank for specific limits and standards. The withdrawal of funds from the trading account to a bank account can be easily done by contacting the platform broker, who will assist investors in the process.

VS Market Limited provides encryption technology provided by major banks. This ensures that the entire online Deposits usually take 1 to 5 working days to arrive in the investor's account, and the same timeframe applies to account payments. Investors can initiate a Deposit by applying through the platform's customer service.

Pros	Cons
User-friendly process that accommodates a wide range of banks	No specific information provided about withdrawal fees or charges
Supports transactions from all banks	Limited information on withdrawal processing times
Deposits typically arrive within 1 to 5 working days	Lack of transparency on the deposit and withdrawal process
Daily deposit limit is determined by the user's own bank	Limited payment methods

Customer Support

Customer Support at VS Market Limited is dedicated to providing assistance and resolving queries for their clients. The company offers multiple channels for customers to reach out, including email (service@vsmarket-fx.com) and telephone (+852 66741961). The support team is located at Unit No.A222, 3F, Hang Fung Industrial Building, Phase 2, No.2G Hok Yuen Street, Hunghom, Kowloon, Hong Kong. Customers can contact them regarding their needs or concerns through various means such as submitting a message on the company's website.

Conclusion

In conclusion, VS Market Limited is a brokerage firm that operates without regulation from any financial authority, which poses a potential risk for investors. While the company offers a variety of market instruments, including foreign exchange, noble metals, futures, and cryptocurrencies, the lack of regulatory oversight means that there is no protection or recourse for investors if something goes wrong. The company provides different account types, including live and demo accounts, allowing traders to access the platform's features with real or virtual funds. With leverage options ranging from 1:100 to 1:300, clients can maximize their trading potential. The platform also offers a user-friendly deposit and withdrawal process, although specific limits and standards may vary depending on the user's bank. VS Market Limited provides a comprehensive trading platform, including Windows, mobile, and web clients, with advanced features and tools for analysis. Customer support is available through email and telephone. Overall, the lack of regulation and potential risks associated with VS Market Limited should be carefully considered by investors before engaging with the company.