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No valid regulatory information, please be aware of the risk!
Unable to withdraw funds, you must first pay USDT18,888.-
The person came to chat with me on ig, and then it became more and more familiar. That's how I realized it. He said that he felt that I worked very hard and did not earn a lot of money, so he told me to invest in gold. In the beginning, it was small amount of money. Later, he asked me to buy more, so that the profit will be more. So I invested more money. In addition, he has put his money into my MT5, so I won’t doubt it. He taught me to buy USTD from merchants on Binance, and then contact customer service to deposit funds to MT5 before making transactions. Withdrawal is made in the same way. In the first few times, I did get money sometimes, but later I thought I would make more money in the next transaction if I kept the funds. I have accumulated a certain amount of funds so far, so I want to withdraw them. As a result, the customer service could not be contacted, and the loss was about 80, which was only the principal.
I met netizens through ig, and we had a great chat at the beginning. After chatting for a while, I talked about short-term trading. I felt that the amount was not very large at the beginning, so I wanted to try trading, and I also made a small profit. Then I talked about it again. I did make a profit from one transaction, but right after the transaction, I was asked about my next transaction and my thoughts on the transaction. I started to feel something was wrong. I checked VLC and found that there was negative information. Friends in the related industry also directly told me about VLC. At first glance, it seemed that it was not a regular exchange. I then used several excuses to ask the netizen to withdraw the amount of money and the amount stuck on the exchange, but he avoided the easy matter and did not read my last message because the URL that the netizen gave me before had been 165 The anti-fraud network locked me, and I sent an email to ask VLC but there was still no response, so I can't withdraw money now. Although the amount is not large, I am still stuck in VLC and cannot withdraw money.
|Company Name||VLC Trade MT|
|Years of Establishment||Within 1 year|
|Tradable Assets||Forex, Stocks, Commodities, Indices|
|Account Types||Standard, ECN, VIP|
|Minimum Deposit||Standard: $100, ECN: $500, VIP: $10,000|
|Leverage||Up to 1:500|
|Spread||As low as 0.0 pips|
|Deposit/Withdrawal Methods||Bank wire, credit card, cryptocurrency|
|Trading Platforms||MetaTrader 4|
|Customer Support Options||Email Address|
VLC Trade MT is a recently established trading platform headquartered in China. This unregulated company offers trading services in various asset categories, including forex, stocks, commodities, and indices, with varying leverage ratios.
They provide three distinct account types with different minimum deposit requirements: Standard, ECN, and VIP. Trading is facilitated through the MetaTrader 4 platform, and they offer competitive spreads. VLC Trade MT accepts deposits and withdrawals via bank wire, credit card, and cryptocurrency. Customer support is accessible through email channels.
VLC Trade MT operates without the oversight of any regulatory authority, making it an unregulated broker. This absence of regulatory supervision means that the company is not subject to the compliance standards, monitoring, and enforcement measures that regulated brokers typically adhere to. Consequently, there are no specific mandates in place to safeguard traders' interests, ensure financial transparency, or provide mechanisms for dispute resolution. The lack of regulatory oversight also implies that VLC Trade MT does not have to conform to standardized industry practices and may operate with more flexibility in its policies and procedures.
|Wide Asset Variety||Unregulated Status|
|Competitive Leverage||Limited Customer Support|
|Multiple Account Types||Single Trading Platform|
Wide Asset Variety: VLC Trade MT offers a diverse range of trading assets, including forex, stocks, commodities, and indices, providing traders with ample choices to diversify their portfolios.
Competitive Leverage: The broker provides competitive leverage options, particularly in forex trading, with up to 1:500 leverage available. This can appeal to traders seeking amplified trading positions.
Multiple Account Types: VLC Trade MT caters to traders with varying financial capacities through its three distinct account types: Standard, ECN, and VIP, accommodating both novice and experienced traders.
Unregulated Status: One notable drawback is the company's unregulated status, which means traders do not benefit from the protective measures and oversight offered by regulatory authorities, potentially exposing them to higher risks.
Limited Customer Support: The brokerage relies solely on email support, lacking alternative methods like live chat or phone support, which may result in slower response times and less immediate assistance.
Single Trading Platform: VLC Trade MT exclusively utilizes the MetaTrader 4 platform, limiting trader choice and flexibility compared to brokers offering multiple trading platforms.
Inaccessible WebsiteThe accessibility of VLC Trade MT's website is a matter of concern, as it appears to be inaccessible. This lack of accessibility means that potential traders are unable to visit the company's website to gather essential information or create a trading account. This accessibility issue has significant implications for the company's credibility, as a functional and accessible website is considered a fundamental aspect of any online brokerage. Traders may be deterred by the inability to access the website, which can result in a loss of potential clients. Moreover, this limitation hinders traders from exploring the services, terms, and conditions offered by VLC Trade MT, potentially leaving them unaware of the company's offerings and account options. In summary, the inaccessibility of the company's website presents a substantial disadvantage, affecting its credibility and hindering potential traders from engaging with its services.
VLC Trade MT offers a variety of forex trading services to cater to the diverse needs of traders. These services encompass spot trading, margin trading, and derivatives trading. Specifics are as follows:
Spot Trading: Spot trading is a fundamental service provided by VLC Trade MT, allowing traders to engage in real-time forex transactions. This service involves the direct purchase or sale of currency pairs at the current market price. It provides traders with the ability to execute trades swiftly, responding to market conditions in real time.
Margin Trading: Margin trading is another essential offering by VLC Trade MT. This service enables traders to leverage their positions by borrowing funds, effectively amplifying their trading capital. By using leverage, traders can control larger positions than their initial capital, potentially increasing their profit potential. However, it also carries higher risk, as losses can be magnified.
Derivatives Trading: VLC Trade MT extends its forex trading services to include derivatives trading. This service involves the use of financial instruments such as options and futures contracts to speculate on currency price movements. Derivatives trading offers traders more complex strategies and risk management tools to navigate the forex market effectively.
VLC Trade MT provides trading opportunities in forex currency pairs, stocks of renowned companies, commodities like gold and oil, and market indices such as the S&P 500, offering a diverse range of assets for investors to engage with.
Forex: VLC Trade MT offers trading in the foreign exchange market, allowing clients to speculate on the exchange rates between different currency pairs, such as EUR/USD, GBP/JPY, and AUD/CAD.
Stocks: The company provides access to stock trading, enabling investors to buy and sell shares of publicly listed companies, including well-known names like Apple Inc., Microsoft Corporation, and Google's parent company, Alphabet Inc.
Commodities: VLC Trade MT facilitates trading in various commodities, allowing traders to participate in markets for resources like gold, oil, and wheat, which can be influenced by global supply and demand dynamics.
Indices: The broker also offers index trading, where investors can trade on the performance of market indices like the S&P 500, FTSE 100, and Nikkei 225, reflecting the overall health of specific financial markets.
Here is the table comparing VLC Trade MT to competing brokerages:
|VLC Trade MT||Forex, Stocks, Commodities, Indices|
|OctaFX||Forex, Cryptocurrencies, Metals, Indices|
|FXCC||Forex, Metals, Energies, Indices|
|Tickmill||Forex, CFDs on Indices, Commodities, Bonds|
|FxPro||Forex, Shares, Metals, Energies, Indices, Futures, ETFs|
Account types offered by VLC Trade MT include Standard, ECN, and VIP. Specifics are as follows:
Standard Account: VLC Trade MT offers a Standard account type with a minimum deposit requirement of $100. This account provides traders access to the platform's standard trading conditions, featuring a spread of 1.8 pips.
ECN Account: The company also offers an ECN account, requiring a minimum deposit of $500. This account type is designed for traders seeking tighter spreads, with a notably lower spread of 0.1 pips.
VIP Account: VLC Trade MT caters to high-net-worth individuals with a VIP account option, which necessitates a substantial minimum deposit of $10,000. VIP account holders enjoy trading with a spread as low as 0.0 pips.
Here is the table comparing the features of each account type:
|Account Type||Minimum Deposit||Spread|
VLC Trade MT imposes varying minimum deposit requirements for its account types. The Standard account necessitates a minimum deposit of $100, while the ECN account has a higher minimum deposit of $500. For those seeking a VIP account, a substantial minimum deposit of $10,000 is required. These minimum deposit rates cater to a range of traders with different investment levels and preferences.
VLC Trade MT offers varying levels of leverage for different market instruments. In the forex market, traders can access leverage of up to 1:500. For stocks, the maximum leverage is up to 1:20, while commodities allow leverage of up to 1:100. In the case of trading indices, the broker provides leverage of up to 1:50. This diverse range of leverage options enables traders to choose leverage levels that align with their risk tolerance and trading strategies.
Here is the table comparing the maximum leverage for market instruments across different brokers:
|VLC Trade MT||Up to 1:500||Up to 1:20||Up to 1:100||Up to 1:50|
|OctaFX||Up to 1:500||N/A||Up to 1:125||Up to 1:500|
|FXCC||Up to 1:300||N/A||Up to 1:100||Up to 1:200|
|Tickmill||Up to 1:1000||N/A||Up to 1:100||Up to 1:500|
|FxPro||Up to 1:1000||N/A||Up to 1:200||Up to 1:500|
VLC Trade MT provides traders with different spread options depending on the chosen account type. For the Standard account, the spread is fixed at 1.8 pips, while the ECN account offers a much narrower spread of 0.1 pips. VIP account holders enjoy the lowest possible spread, set at 0.0 pips. These varying spreads cater to traders with different preferences, allowing them to select the account type that aligns with their trading strategies and objectives.
VLC Trade MT provides traders with multiple options for depositing and withdrawing funds, offering flexibility and convenience in managing their accounts and financial transactions.
Bank Wire Transfers: Bank wire transfers are a traditional and secure method offered by VLC Trade MT for depositing and withdrawing funds. This method is well-suited for traders dealing with larger sums of money and seeking a reliable and established financial transaction channel.
Credit Card Transactions: VLC Trade MT also facilitates deposit and withdrawal transactions through credit card payments. Credit card transactions offer a convenient and user-friendly approach, allowing traders to manage their accounts with ease and speed.
Cryptocurrency Payments: For those who prefer digital assets, VLC Trade MT includes cryptocurrency payments as an option. Cryptocurrency payments provide traders with an alternative and technologically advanced means of managing their financial transactions, accommodating the growing interest in digital currencies.
VLC Trade MT exclusively employs the MetaTrader 4 (MT4) trading platform for its clients. MT4 is a well-established and widely recognized platform in the financial industry known for its robust charting tools, technical analysis capabilities, and automated trading features.
Having a single trading platform, like MetaTrader 4, can be disadvantageous when compared to competitors who offer multiple platforms because it limits the diversity of trading tools and options available to clients. Traders may seek specific features or functionalities that are only available on other platforms, and a lack of choice can hinder their ability to tailor their trading experience to their preferences.
Here is the table comparing the trading platforms offered by different brokers:
|VLC Trade MT||MetaTrader 4 (MT4)|
|OctaFX||MetaTrader 4 (MT4), MetaTrader 5 (MT5)|
|FXCC||MetaTrader 4 (MT4)|
|Tickmill||MetaTrader 4 (MT4), MetaTrader 5 (MT5)|
|FxPro||MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader|
VLC Trade MT offers customer support primarily through email. Traders can reach out to the company's support team by sending inquiries or issues to the provided email address, support@VLCwold.com.
Having a single customer support method, like email only, can be disadvantageous because it limits the accessibility and immediacy of assistance for clients who may prefer alternative channels such as live chat or phone support. Additionally, a single support method may result in slower response times, potentially frustrating traders with urgent inquiries or concerns.
In conclusion, VLC Trade MT, established within the last year, operates as an unregulated brokerage firm. This lack of regulatory oversight can potentially pose certain risks and uncertainties for traders, as it means the company is not subject to standard regulatory safeguards and industry oversight. Nevertheless, VLC Trade MT offers a variety of trading opportunities across multiple asset classes, including forex, stocks, commodities, and indices, and provides three distinct account types with varying minimum deposit requirements.
Traders have the flexibility to choose account types and leverage levels that suit their individual preferences and risk tolerance. While the company's website accessibility issues and sole reliance on email support can be limitations, VLC Trade MT presents trading opportunities to those who are comfortable with the absence of regulatory oversight and prefer the MetaTrader 4 platform for their trading needs.
Q: What types of assets can I trade with VLC Trade MT？
A: VLC Trade MT offers trading in forex, stocks, commodities, and indices.
Q: How do I contact their customer support？
A: You can reach VLC Trade MT's customer support via email at support@VLCwold.com.
Q: Is VLC Trade MT regulated？
A: No, VLC Trade MT operates as an unregulated brokerage.
Q: What is the minimum deposit requirement for the Standard account？
A: The minimum deposit for the Standard account is $100.
Q: Which trading platform does VLC Trade MT use？
A: VLC Trade MT utilizes the MetaTrader 4 (MT4) platform.
Q: What is the maximum leverage available for forex trading？
A: The maximum leverage for forex trading with VLC Trade MT is up to 1:500.
VLC Trade MT
VLC Trade MT
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