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Influence index NO.1
Influence index NO.1
No valid regulatory information, please be aware of the risk!
+44 330 828 1270
Venture Financial Markets Limited
Saint Vincent and the Grenadines
Pyramid scheme complaint
Stay away from this broker, they only take traders money, after you i request a withdrawal, they stopped replying , on whatsapp, email, chat .... . I also lost my deposit 500 USD. STAY AWAY
They never give back my 3500 dollar money they took from me. When I make a withdrawal request, they offer unnecessary excuses and refuse to give my money. Do not work with this company in any way.
Everyone stays away from this platform. I deposit 1000 dollars at this platform and my first withdrawal was rejected after making a profit. The second withdrawal has not been processed. The online customer service does not respond nor replied the email. It has been nearly two months and wasted my time, and deceived my money.
Note: VFM BROKERSs official site - https://vfmbrokers.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
|VFM BROKERS Review Summary in 10 Points|
|Registered Country/Region||Saint Vincent and the Grenadines|
|Market Instruments||CFD on Currency Pairs, Indices, Commodities, Stocks, Futures, Cryptocurrencies|
|Demo Account||Not disclosed|
|Leverage||Up to 1:400|
|EUR/USD Spread||Not disclosed|
|Minimum Deposit||USD 100|
|Customer Support||Email, Address, Phone, Social media|
VFM BROKERS, with full name Venture Financial Markets Limited, is a Saint Vincent and the Grenadines-based global brokerage firm that offers CFD on Currency Pairs, Indices, Commodities, Stocks, Futures, Cryptocurrencies as its market instruments to traders. However, it is important to note VFM BROKERS is currently not regulated by any recognized financial authorities which raises concerns when trading.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
|• Wide range of trading instruments across multiple asset classes||• Not regulated|
|• Acceptable minimum deposit||• Lack of transparency on spreads/accounts|
|• Multiple customer support options||• Website unfunctional|
|• MT4 trading platform||• Negative reviews from their clients|
|• Multiple payment methods||• Not accept clients from some regions|
There are many alternative brokers to VFM BROKERS depending on the specific needs and preferences of the trader. Some popular options include:
Forex.com- Forex.com is a reputable and well-established broker known for its user-friendly trading platforms and extensive educational resources, making it an excellent choice for both novice and experienced traders.
TigerWit- TigerWit offers innovative blockchain-based trading technology and a wide range of financial instruments, making it an attractive option for traders seeking cutting-edge solutions and diverse market opportunities.
TD Ameritrade- TD Ameritrade is a powerhouse in the brokerage industry, offering a comprehensive suite of investment services, advanced trading platforms, and research tools, making it a top choice for traders and investors looking for a full-service brokerage experience.
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
When considering the safety of a brokerage like VFM BROKERS or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:
Regulatory sight: It is not regulated by any major financial authorities,which means that there is no guarantee that it is a safe platform to trade with. Besides, the official website of the broker is inaccessible, indicating that the trading platform may have absconded. These make investing with them risky.
User feedback: 3 reports regarding scams and unable to withdraw on WikiFX should be taken into consideration as potential red flags. It is recommended to conduct thorough research and due diligence before engaging with any broker or investment platform.
Security measures: So far we cannot find any security measures info on Internet for this broker.
Ultimately, the decision of whether or not to trade with VFM BROKERS is a personal one. You should weigh the risks and benefits carefully before making a decision.
VFM Brokers establishes itself as a versatile trading platform by offering an extensive selection of market instruments for its clients.
They provide Contract for Difference (CFD) trading on over 50 currency pairs, which allows traders to speculate on the rise or fall of these forex pairs without actual ownership.
Additionally, they offer trading opportunities with several indices, commodities, and stocks, thereby diversifying the portfolio options for their traders.
Furthermore, the firm has expanded its scope to the digital space with futures and cryptocurrencies like Bitcoin and Ethereum.
Details regarding the specific types of accounts offered by VFM Brokers are currently not available, leaving a point of uncertainty for potential clients.
However, what has been made clear through information disclosed on the internet is the minimum deposit requirement of USD 100. It's recommended for potential clients to reach out to the broker directly for more in-depth account information, thus to make informed decisions aligned with their trading preferences and financial goals.
VFM BROKERS offers its clients leverages up to 1:400. Leverage is a powerful tool that allows traders to control a larger position in the market with a relatively smaller amount of capital. With a leverage ratio of 1:400, clients have the potential to amplify their trading positions substantially, thus increasing the potential for both profits and losses.
While higher leverage can enhance trading opportunities, it also comes with increased risk, as market fluctuations can have a more significant impact on account balances. Traders are advised to approach leveraged trading with a thorough understanding of the associated risks and to implement risk management strategies diligently.
While VFM Brokers places emphasis on the promise of zero commission on their trades, the specifics regarding their spread information are not directly disclosed on their platform and Internet. This could mean that the spread may fluctuate based on the market situation or specific contracts.
For traders interested in taking advantage of their services, it is highly recommended to reach out to the broker directly. Engaging in a direct conversation with VFM Brokers can provide clarity on its spread structure and any other detailed information not readily available. This way, traders can fully understand the costs involved and make an informed decision.
Below is a comparison table about spreads and commissions charged by different brokers:
|Broker||EUR/USD Spread (pips)||Commissions (per lot)|
|VFM BROKERS||Not disclosed||No commissions|
|Forex.com||From 0.0018pips||Variable (depending on product)|
|TigerWit||From 0.6 pips||Variable (depending on account)|
|TD Ameritrade||Not disclosed||Variable (depending on product)|
Please keep in mind that spread values can vary depending on market conditions, account type, and other factors. Commission structures may also differ based on the broker's pricing model and the type of account being used. It's important to review the official websites or contact the brokers directly for the most accurate and up-to-date information on spreads and commissions.
VFM Brokers offers the robust MetaTrader 4 (MT4) as their choice of trading platform.
This platform, well-regarded in the trading community for its dynamic capabilities, is available across multiple interfaces including Desktop, Web, and Mobile versions. This multi-platform access ensures that traders can engage with the market flexibly, whether at their desks or on-the-go.
MT4's comprehensive toolset coupled with its platform versatility provides a conducive and flexible trading environment. Whether you're a beginner or an experienced trader, the choice of MT4 caters to varying levels of trading expertise and styles.
See the trading platform comparison table below:
|Forex.com||Forex.com and MT5|
|TigerWit||WebTrader, Mobile App|
VFM Brokers provides an array of payment methods to accommodate the diverse needs of their clients.
Traditional banking options such as Bank Wire, which includes BankTransfer/SWIFT, are available, alongside widely accepted credit cards like VISA and MasterCard.
Moreover, they also accept modern and digital payment methods such as Bitcoin and Tether (USDT), indicating their alignment with the current trend of cryptocurrency.
Other regional or specialized payment methods, such as FasaPay and M-Pesa, are also in place.
On our website, you can see that total 3 reports of scams and unable to withdraw which should be marked as red flag. Traders are encouraged to carefully review the available information. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
VFM BROKERS provides customer service options to assist its clients in different areas through email and address. Customers can reach out to VFM BROKERS through the channels to address their queries and concerns as below:
Phone: +44 330 828 1270
Address: Beachmont Business Centre 230, Kingstown, Saint Vincent and the Grenadines VC0120
Moreover, traders can access assistance through social media platforms such as Facebook, Twitter, Instagram.
According to available information online, VFM BROKERS is a Saint Vincent and the Grenadines-based brokerage firm offers CFD on Currency Pairs, Indices, Commodities, Stocks, Futures, Cryptocurrencies as market instruments to traders.
However, the fact that it is non-regulated is an immediate red flag, as regulated brokers are subject to oversight and compliance with established financial regulations, providing clients with a level of assurance and protection. The lack of proper regulation and oversight increases the potential risks for traders, leaving them vulnerable to potentially fraudulent activities or misconduct. Additionally, an unfunctional website indicates a lack of professionalism and attention to details, which further erodes confidence in the company's ability to provide reliable and efficient services. In addition, there are 3 escalated claims of scams, coupled with reported failures in withdrawal processes, which pose significant concerns, potentially deterring prospective clients and casting a shadow over the reliability of VFM Brokers.
As such, individuals considering VFM BROKERS as their brokerage firm should exercise extreme caution and thoroughly research alternative, regulated options that prioritize transparency, security, and accountability.
|Q 1:||Is VFM BROKERS regulated？|
|A 1:||No. It has been verified that this broker currently has no valid regulation.|
|Q 2:||What kind of trading instruments does VFM BROKERS offer？|
|A 2:||VFM BROKERS is a Saint Vincent and the Grenadines -based brokerage firm offers CFD on Currency Pairs, Indices, Commodities, Stocks, Futures, Cryptocurrencies as market instruments to traders.|
|Q 3:||Is VFM BROKERS a good broker for beginners？|
|A3:||No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of the lack of transparency and negative reports on WikiFX.|
|Q 4:||Does VFM BROKERS offer the industry leading MT4 & MT5？|
|A 4:||Yes, it provides MT4 in desktop, web and mobile version.|
|Q 5:||Whats the minimum deposit does VFM BROKERS request？|
|A 5:||VFM BROKERS requests a minimum deposit of USD 100.|
|Q 6:||At VFM BROKERS, are there any regional restrictions for traders？|
|A 6:||Yes. VFM BROKERS does not accept clients/investors from Canada, UK, US, Iran and EU.|
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
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