Item: VS Market Limited
Rating: 1.40

Company Name

VS Market Limited

Abbreviation

VS Market Limited

Platform registered country and region

Hong Kong

Company website

Pyramid scheme complaint

Expose

Review 3

3 Comments

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All(3) Latest Exposure(3)

Exposure

One of my friend induce me to deposit ; "bank executives" guides operations; after high-amount deposits, the positions are liquidated, where did the money go?

Liars use the national karaoke software to attract the attention of deceived people, and then chat in the way of boyfriend and girlfriend. He claimed that his relatives worked at the top of the Bank of New York in the United States, knew insider trading information, and could conduct illegal foreign exchange manipulation. In the end, the deceived person is induced to download MetaTrader5. A specific customer service is introduced separately, and the so-called deposit and withdrawal are carried out through the customer service. The customer service claimed to use a random account with cooperation to recharge and deposit (multiple accounts filled in above). After being cheated, the customer service notified MletaTrader5 that the recharge was successful. Then, under the leadership of the crooks, I made several foreign exchange transactions on MetaTrader5, and the first few times were successful, and each time I made a profit of 20%. So the deceived people continue to deposit money wildly. Then, on the fourth time, the scammer deliberately selected a volatile foreign exchange transaction, which eventually caused the illusion that the market was volatile and led to liquidation. In fact, the money has already entered various so-called random accounts when the deceived people make money. Afterwards, the scammer claimed that the deceived person had insufficient funds to cause the liquidation, and even asked the deceived person to continue to borrow money (deposit). The deceived wakes up after losing more than 100,000

xwes

2022-07-19

Exposure

Can't withdraw, can't contact the specialist

I opened an account with VS market limited on May 24th this year via WhatsApp. Account: 80100131. Every time I make a deposit (deposit), I have to ask the commissioner for bank remittance information. Each time it is a different company or private account. (both in Hong Kong). The WhatsApp account of the commissioner of VS Market Limited is 85257003310 1) Deposited $109,905 on May 27, bought 109 lots of EUR on May 30, and made a profit of $23,871; 2) Deposited $102,381 on June 2 and bought it on June 3 236 lots of AUD, profit of $46,020; 3) Deposit $27,246 on June 14, buy 309 lots of AUD on June 17, profit of $46,350; 4) Buy 355 lots of EUR on June 23, profit of $74,550; 5)6 Apply for withdrawal of USD 430,000 on June 26, 6) Deposit $44,842 on June 27; 7) Buy 45 lots of EUR on June 28, and make a profit of $9,045; 8) Received an email on June 30 that the withdrawal was successful, 9) However, on July 1st, I deposited it back into the account, because it did not meet the standard turnover. In order to prevent money laundering, I had to wait until my turnover reached the standard before I could withdraw! 10) On July 3rd, I bought 10 lots of ether each , making profits of $834 and $465, respectively. 11) Later bought 485.5 lots and 498.47 lots of Ether on July 5, making profits of $12,962.85 and $8,374.30, respectively. 12) On July 5th, because the current flow rate has reached the standard, the commissioner did not respond to the information at all when he wanted to withdraw money. The current balance in the account is $506,846.15. I don’t know if this money can be withdrawn, or if I encounter fraud, I would also like your professional assistance to see if you can help me get the money back. I would be very grateful! people suffer! The attached photo is the last conversation with the commissioner on Whatsapp, please refer to it. If you need more detailed information, please feel free to contact me, and it will be sent immediately.

Daniel6315

2022-07-06

Exposure

BEWARE!!! Unable to withdraw!

I went to the bank to wire $50k to the broker. I received notification from VS MARKET that the $50k has been deposited into the broker account. Made $23k profit and when I try to withdraw they asked for bank information and then told me they submitted. They said once is complete they will withdraw the balance from the broker account. I received email stating that the money was removed from the broker account, but it never reached my bank account! Today I got an email stating that the money was deposited into the broker account. I was very confused and messaged the representative and they started making excuses saying I can’t withdraw and need to do more trade. That withdrawing is criminal activities such as money laundering.

FX3274187059

2022-07-02

No 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

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

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

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

Score

VS Market Limited

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VS Market Limited · Company Summary

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ExposureVS Market Ltd: Withdrawal is Late or Never Coming?

Review 3