VS FX

Overview of VS FX

VS FX is an online trading platform without regulation based in the United Kingdom. It offers a maximum leverage of up to 1:100 and competitive spreads starting from 0.5 pips. Traders can access the popular MT4 platform and a proprietary trading app for PC, Android, and iPhone.

The broker provides a range of tradable assets, including forex currency pairs, commodities (gold and silver), indices (CN300, A50), and oil (Brent, WTI). A demo account is available, and customer support is provided via telephone and email. Various deposit and withdrawal methods are accepted, but specific educational resources are not specified.

Is VS FX Legit or a Scam？

It has been verified that VS FX Financial Limited does not have any valid regulation. This lack of regulation raises concerns and indicates a potential risk for traders.

Additionally, there have been 22 complaints received by WikiFX regarding this broker within the past 3 months, further highlighting the need for caution and the potential for fraudulent activities. The claim made by the broker regarding United States NFA regulation (license number: 0541241) is also suspected to be a clone, adding to the doubts about the legitimacy and credibility of VS FX Financial Limited.

Traders should exercise extreme caution and thoroughly evaluate the risks before engaging in any trading activities with this broker.

Pros and Cons

VS FX Financial Limited offers several advantages to traders. Firstly, it provides a wide range of tradable assets, including forex, commodities, indices, and oil, allowing traders to diversify their investment portfolio. The maximum leverage of up to 1:100 offers flexibility for traders to enhance their trading positions. Additionally, competitive starting spreads from 0.5 pips provide potentially cost-effective trading conditions. The availability of popular trading platforms like MT4 and a proprietary trading app offers convenience and advanced features. Traders can also benefit from a demo account to practice their strategies, and the acceptance of multiple payment methods facilitates easy deposits and withdrawals.

However, a major disadvantage is the lack of valid regulation, which poses a risk for traders. Additionally, there is limited information on educational resources, and the extent of customer support is not clearly specified.

Market Instruments

VS FX Financial Limited provides a diverse range of trading options across multiple asset classes. Traders can access various Forex currency pairs, including popular pairs such as EUR/USD, USD/JPY, AUD/USD, NZD/USD, GBP/USD, and more. In addition, the broker offers trading opportunities in commodities such as gold and silver, allowing traders to participate in the precious metals market. Traders can also trade on indices like CN300 and A50, enabling them to speculate on the performance of specific market indices. Furthermore, VS FX Financial Limited offers trading opportunities in oil, specifically Brent and WTI. These multiple asset classes provide traders with flexibility and the ability to tailor their investment portfolios based on their preferred trading style and market preferences.

Leverage

Traders using the VS FX Financial Limited platform have the opportunity to utilize a maximum trading leverage of up to 1:100. This high leverage ratio can cater to the needs of even the most aggressive traders, providing them with the potential to amplify their gains. However, it is important to note that while leverage can increase profits, it also exposes traders to higher risks, particularly for inexperienced traders. It is essential for traders to fully understand the implications of leverage and exercise caution when using high leverage ratios to manage their trading strategies effectively and mitigate potential losses.

Spreads & Commissions

VS FX Financial Limited offers variable spreads on its trading platform. While specific spreads for different instruments are not specified, the broker provides typical spreads for some currency pairs and precious metals. The typical spreads are approximately 3 pips for USD/CHF and USD/JPY, 2.5 pips for GBP/USD, EUR/USD, USD/CAD, and NZD/USD, and 0.5 pips for Gold and Silver.

Traders should note that spreads can vary based on market conditions, liquidity, and other factors, and it is advisable to check the actual spreads on the platform before executing trades.

Swaps

VS FX Financial Limited applies overnight interest charges for traders who hold positions overnight. The calculation formula for forex positions is as follows: Closing price * unit * volume * interest rate * (1/360) / closing price.

For gold trading, the overnight interest rates are -1.5% for buy positions and 1.5% for sell positions.

For silver trading, the rates are -3.5% for buy positions and -1.5% for sell positions.

It's important for traders to consider these overnight interest charges when holding positions for an extended period and factor them into their trading strategies and calculations.

Trading Platforms

VS FX Financial Limited provides its clients with access to the widely popular MT4 trading platform, which is available on various devices including PC, Android, and iPhone. Traders can enjoy the full functionality of the MT4 platform, including charting tools, technical indicators, and expert advisors to enhance their trading experience. In addition to MT4, the broker offers a proprietary trading app that can be downloaded by traders. This app serves as a comprehensive tool for account opening, transaction execution, account management, and accessing the latest news and information. With these trading platforms and apps, clients of VS FX Financial Limited have the flexibility and convenience to trade and manage their accounts from anywhere and at any time.

Customer Support

VS FX Financial Limited provides multilingual customer support to assist clients with their inquiries and concerns. Traders can reach out to the customer support team via telephone or email. The customer support hours are from Monday to Friday, operating between 07:30 and 23:30. This extended support window ensures that clients have access to assistance during most trading hours. Whether traders have questions about their accounts, trading platforms, or any other related matters, the customer support team is available to provide timely and helpful support.

Trading Hours

VS FX Financial Limited provides clear trading hours for different trading instruments to ensure traders are aware of the specific timeframes in which they can trade. Here are the trading hours for each instrument:

1. Forex Trading Hours: The trading hours for forex are based on Beijing time. During winter, trading is available from Monday at 07:03 AM until Saturday at 04:00 AM. During summer time, trading is available from Monday at 07:03 AM until Saturday at 03:00 AM.

2. Brent and WTI Trading Hours: The trading hours for Brent and WTI are also based on Beijing time. After Brent and WTI close at 04:00 AM (winter) or 03:00 AM (summer), all pending orders, including stop loss and take profit orders, will be cancelled. The specific trading hours are as follows: Brent - Monday from 09:05 AM until Saturday at 04:00 AM (winter) or 08:05 AM until Saturday at 03:00 AM (summer); WTI - Monday from 07:03 AM until Saturday at 04:00 AM (winter) or 07:03 AM until Saturday at 03:00 AM (summer).

3. Index Trading Hours: The trading hours for the CA50 and CN300 indices are based on Beijing time. After the CA50 index closes at 01:30 AM, and after the CN300 index closes at 15:00 PM, all pending orders, including stop loss and take profit orders, will be cancelled. The specific trading hours are as follows: A50 - Monday to Friday from 09:15 AM to 16:15 PM, and from 17:15 PM to 01:30 AM the next day; CN300 - Monday to Friday from 09:35 AM to 11:30 AM, and from 13:00 PM to 15:00 PM.

By providing clear trading hours for different instruments, VS FX Financial Limited ensures that traders are well-informed about when they can engage in trading activities and when certain orders may be canceled.

Conclusion

In conclusion, VS FX is an online trading platform based in the United Kingdom that offers traders access to a wide range of tradable assets, competitive spreads, and a maximum leverage of up to 1:100. The platform supports the popular MT4 trading platform and provides a proprietary trading app for convenient trading across devices. However, it is important to note that VS FX lacks valid regulation, which may raise concerns about investor protection. Additionally, the absence of specified educational resources may limit the support available for traders seeking educational materials. Traders should carefully evaluate the advantages of the platform, such as the diverse asset selection and user-friendly trading tools, against the potential risks associated with the lack of regulation and limited educational resources.

FAQs

Q: Is VS FX regulated by any financial authority？

A: No, VS FX does not have any valid regulation.

Q: What is the maximum leverage offered by VS FX？

A: Traders can access a maximum leverage of up to 1:100 with VS FX.

Q: What are the starting spreads offered by VS FX？

A: The spreads at VS FX start from as low as 0.5 pips.

Q: What trading platforms are available with VS FX？

A: VS FX provides the popular MT4 trading platform for PC, Android, and iPhone, as well as a proprietary trading app.

Q: What types of assets can be traded on VS FX？

A: Traders on VS FX can trade a variety of assets, including forex currency pairs, commodities like gold and silver, indices such as CN300 and A50, and oil options like Brent and WTI.

Q: Does VS FX offer a demo account for practice？

A: Yes, VS FX provides a demo account for traders to practice their trading strategies.

Q: How can I contact customer support at VS FX？

A: You can reach VS FX customer support through telephone or email.

Q: What payment methods are accepted for deposits and withdrawals at VS FX？

A: VS FX accepts various payment methods, including BitWallet, PayRetailers, Wire Transfer, AstroPay, LetKnow, PerfectMoney e-voucher, CallPay, and credit cards.