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Score

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The WikiFX Score of this broker is reduced because of too many complaints!

VisionQuest

Hong Kong|5-10 years|
Suspicious Regulatory License|Suspicious Scope of Business|Hong Kong Dealing in futures contracts Revoked|High potential risk|

http://www.vqfutures.com.hk

Website

Rating Index

Contact

00852-35431017
service@vqfutures.com.hk
http://www.vqfutures.com.hk
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

Licensed Institution:Central Universe Futures Limited

License No.:BBS509

VPS Standard
*No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Open
Warning: Low score, please stay away!
2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
4

Basic information

Registered region
Hong Kong
Operating period
5-10 years
Company Name
VISION QUEST INTERNATIONAL FUTURES CO.,LIMITED
Abbreviation
VisionQuest
Company employee
--
Customer Service Email Address
service@vqfutures.com.hk
Contact number
85235431010

王允

Hong Kong

VisionQuest's so-called mainland agent - Ivy (Shanghai) Investment Management Center, I was bewitched by their company's so-called teacher Zhao Lingsheng, and assistant Lin Xi, and I opened an account and made a deposit. About two weeks later, my application for withdrawal was rejected and my account was frozen. I asked them and they sent me a notice from HSBC saying that I must re-deposit 50% of the total amount in the account. I have to prove that the source of funds in my account is legal before I can withdraw money. I asked for the address of their company sales department to verify the situation. One moment they said it was on the eighth floor of the DBS Bank Building in Pudong New Area, Shanghai, another moment they said it was on the tenth floor, and now they said it was around the building and they would send a car to pick me up. I asked my Shanghai friend to go to the building. The property management staff of the building said that there was no such unit in the building. He also said that many people have come to inquire about this unit in recent years. Damn liar. There are more than 9,100 US dollars in my account Can’t get money. Now the scam company (maybe a counterfeit) is still live broadcasting, inducing to deceive customers. The name of the live broadcast room is VisionQuest’s official future live broadcast platform. They call themselves "VisionQuest’s mainland agent--Ivy (Shanghai) Investment Management Center In the name of doing business, one of the so-called teachers is called Zhao Lingsheng. Everyone must be careful to avoid being deceived.

Exposure

2023-09-08

A王凤德

Hong Kong

I made a deposit of 7,000, and after earning 21,350, I applied for a withdrawal. The customer service refused to accept the withdrawal on the grounds that the card number was wrong. I checked the trading platform and the card number that was sent to her when the account was opened. It was correct, she said it was wrong and asked me to withdraw 2 A deposit of 10,000 yuan can be used to change the card number to apply for withdrawal.

Exposure

2022-09-11

财务人学K线一帆风顺

Hong Kong

Unable to withdraw after profiting,

Exposure

2021-04-14

曾37253

Hong Kong

VisionQuest continues scamming.

Exposure

2021-03-23

FX3688361241

Iraq

The fraud scams in names of Vision Quest and RuiDa. Now the fraud scams in JinNiu and ZhouSi living rooms.

Exposure

2020-12-27

niw

Hong Kong

The market hasn't been updated since December 9, 2020 and we can't trade. The customer service said the software was being upgraded. I applied for withdrawal on 11th but the witdhrawal hasn't been to my bank account. The customer service said I should deposit 50,000 to activate my account to withdraw funds for I didn't trade even once.

Exposure

2020-12-11

否极泰来3030

Hong Kong

There was an advertisement of win-win cooperation in November, 2020 of this company. My account was managed by the teacher and the teacher can get a split. I deposited ¥50,000 on November 8 and gave the plit to the teacher after operation. But I was told that the withdrawal channel was blocked and I have to pay ¥30,000 to update the channel.

Exposure

2020-11-29

FX3144012182

Hong Kong

I’ve registered for quite a time. And I invited my friend to register today. My friend is careful and he just deposited a little and then he withdrew the money. The withdrawal arrived after a few minutes. So I though about withdrawing my money. However, the platform reminded me [can’t withdraw now]. I wondered why my friend could withdraw his funds but I can’t? The customer service said the withdrawal channel is upgrading. Is it a special treatment for me? Just my account?

Exposure

2020-11-19

曾37253

Hong Kong

Can't withdraw

Exposure

2020-11-04

FX2003528850

Hong Kong

I lost money yesterday and just left a little money which can’t be operated. So I planned to withdraw it first. I withdrew last night, about 8:00 pm. And I can’t get my money yet. The expected time is 15 minutes - 2 hours. It’s a fraud platform. I’ve asked the customer service for a long time but she just replied once and didn’t reply to me anymore. There is not much money left in the account balance, just a little. However, they wanna embezzle the money. Fraud platform.

Exposure

2020-10-30

FX3688361241

Iraq

I saw a friend whose tail number is 1719 kept exposing. I also exposed them. We have to know these professional frauds have nothing to fear. We should get together and collect more evidence and cases to making nation and police officer attach great importance to it. I also expose in Tieba. There's strength in numbers。 I uploaded two photos which are about the senior manager of VisionQuest

Exposure

2020-10-24

曾37253

Hong Kong

VisionQuest gives no access to withdrawal and embezzle customer's money. Can't witdhraw after deposit. Unscrupulous company

Exposure

2020-10-24

曾37253

Hong Kong

VisionQuest is a fraud platform.

Exposure

2020-10-23

曾37253

Hong Kong

I deposited 2,000 but the customer service said it was a simulation plate and I can’t withdraw. Financial fraud. The live streaming: http://www.ykztqc.cn. Website: http://www.huixinqihuo.cc/

Exposure

2020-10-23

曾37253

Hong Kong

VisionQuest is a fraud platform with withdrawal failures

Exposure

2020-10-22

FX6612093302

Hong Kong

There is only $170 left in my account of VisionQuest but I can't withdraw without another deposit.

Exposure

2020-10-19

曾37253

Hong Kong

It’s a fraud platform. My account was frozen after I applied for withdrawal.

Exposure

2020-10-08

曾37253

Hong Kong

I thought it has been solved, but I didn’t expect to be fooled. A typical fraud platform.

Exposure

2020-10-06

曾37253

Hong Kong

I deposited money for a few days, and the platform was closed to scam customers' money. The customer service has not replied to me for a month. I asked for withdrawal but was rejected. It is a legal society, and there is still such a black platform? I have been complaining for almost a month. Investors, please be careful and protect our rights and interests together. This is a black platform.

Exposure

2020-10-05

FX3688361241

Iraq

Yu Tao (see photo), Director of the International Operations Department of VisionQuest, introduced me to transfer my account from the original platform to the VisionQuest International Futures platform. After the funds were transferred to VisionQuest, I could only view information but not operate on the trading software. At first, Yu Tao reminded me of avoiding traps of black platforms, and promised to help me withdraw funds from VisionQuest. After receiving the service fee, Yu Tao could no longer be contacted. His QQ account was invalid, and WeChat account was blocked. VisionQuest International's trading software could no longer be logged in on. Yu Tao has collected the withdrawal fee from me and then disappeared. My account has been hacked and I could not log in.

Exposure

2020-10-05

21
Website
Genealogy
Company Summary
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Official website

Website

  • vqfutures.com.hk

    Server Location

    Hong Kong

    Website Domain Name

    vqfutures.com.hk

    Website

    WHOIS.HKIRC.HK

    Company

    -

    Server IP

    210.3.89.107

Company Summary

Aspect Information
Company Name VisionQuest
Registered Country/Area Hong Kong
Years 5-10 years
Regulation Unregulated
Market Instruments Global Index Futures, Agricultural Futures, Foreign Exchange Futures, Energy Futures, Precious Metals Futures, Base Metals Futures, Interest Rate Futures and Margin
Account Types Retail Account, Professional Account, and VIP Account
Minimum Deposit $100
Maximum Leverage 1:200
Trading Platforms MetaTrader 4/5, WebTrader
Demo Account Yes
Customer Support Phone: Traditional Chinese(HK) 00852-35431017 and Chinese (Simplified) (852) 3543 1010 and Email: service@vqfutures.com.hk
Deposit & Withdrawal Bank Transfer

Overview of VisionQuest

VisionQuest is a trading platform based in Hong Kong, serving clients for 5-10 years. Operating in an unregulated environment, it provides various market instruments like Global Index Futures and Foreign Exchange Futures.

Traders can choose from three account types – Retail, Professional, and VIP, with minimum deposits starting at $100. The platform offers maximum leverage of 1:200. VisionQuest supports MetaTrader 4/5 and WebTrader for trading and provides a Demo Account for practice. Customer support is available through phone and email. Deposit and withdrawal can be done via Bank Transfer.

While unregulated, VisionQuest offers an extensive and accessible trading experience.

Overview of VisionQuest

Regulatory Status

VisionQuest operates an unregulated trading platform. There is a higher potential for market manipulation, as there are no regulatory mechanisms to monitor and prevent unfair practices. Traders may be exposed to price manipulation and other unethical behaviors.

Pros and Cons

Pros Cons
Flexible Market Instruments Unregulated Status
Range of Account Types imited Deposit & Withdrawal Options
Accessible Minimum Deposit /
Maximum Leverage /

Pros:

  1. Flexible Market Instruments: VisionQuest offers a variety of market instruments, including Global Index Futures and Precious Metals Futures.

  2. Range of Account Types: Traders can choose from Retail, Professional, and VIP accounts.

  3. Accessible Minimum Deposit: With a minimum deposit starting at $100, VisionQuest provides entry opportunities for traders with varying budgets.

  4. Maximum Leverage: The platform offers a maximum leverage of 1:200, providing flexibility for traders seeking different risk levels.

Cons:

  1. Unregulated Status: VisionQuest operates in an unregulated environment, potentially raising concerns about investor protection.

  2. Limited Deposit & Withdrawal Options: The platform only supports Bank Transfers for deposit and withdrawal, limiting payment method options.

Market Instruments

VisionQuest provides a wide range of market instruments, geared to the trading preferences of its clients. The available instruments include:

  1. Global Index Futures: Traders can access futures contracts linked to global stock indices, allowing them to speculate on the performance of major stock markets worldwide.

  2. Agricultural Futures: VisionQuest offers futures contracts related to agricultural commodities, enabling traders to participate in the price movements of products such as grains, livestock, and soft commodities.

  3. Foreign Exchange Futures: Forex futures allow traders to engage in currency trading with standardized contracts, providing exposure to various currency pairs and their future price movements.

  4. Energy Futures: Traders can trade energy futures, including contracts linked to commodities like crude oil, natural gas, and other energy-related products, reflecting market trends in the energy sector.

  5. Precious Metals Futures: VisionQuest provides futures contracts for precious metals such as gold, silver, platinum, and palladium, allowing traders to take positions based on the future prices of these valuable metals.

Market Instruments
  1. Base Metals Futures: Futures contracts tied to base metals like copper, aluminum, and zinc are available, enabling traders to speculate on the price movements of these industrial commodities.

  2. Interest Rate Futures: Traders can engage in interest rate futures, allowing them to take positions on future interest rates in various financial markets.

  3. Margin Trading: VisionQuest supports margin trading, providing traders with the ability to trade larger positions with a fraction of the total value, amplifying potential returns or losses.

Account Types

VisionQuest provides a range of account types to accommodate the needs of traders.

The Retail Account requires a minimum deposit of $100, offering leverage of 1:50 for traders seeking a more conservative approach.

For those with higher risk tolerance and a desire for increased leverage, the Professional Account becomes available with a minimum deposit of $5,000 and a leverage of 1:200.

The VIP Account, designed for seasoned traders with negotiable minimum deposits, provides the flexibility of customizable leverage.

Account Type Minimum Deposit Leverage
Retail Account $100 1:50
Professional Account $5,000 1:200
VIP Account Negotiable Customizable Leverage

How to Open an Account?

Opening an account with VisionQuest is a straightforward process that can be completed online in a matter of minutes. Here's a breakdown of the steps involved:

  1. Visit the VisionQuest website and click “Open Account.”

  2. Fill out the online application form: The form will request your personal information, financial details, and trading experience. Be sure to have your identification documents (passport or ID card) and proof of address handy for uploading.

  3. Fund your account: VisionQuest offers various deposit methods, including bank transfers, credit/debit cards, and e-wallets. Choose your preferred method and follow the instructions to complete the deposit.

  4. Verify your account: Once your account is funded, you'll need to verify your identity and address. This typically involves submitting scanned copies of your ID documents and proof of address.

  5. Start trading: Once your account is verified, you're ready to explore the VisionQuest trading platform and start making trades.

Trading Platform

VisionQuest offers a comprehensive suite of trading platforms tailored to meet the needs of traders.

The MetaTrader 4 (MT4) platform provides a user-friendly interface, real-time charts, and advanced technical analysis tools. Traders can benefit from automated trading through copy trading and algorithmic trading functionalities. Additionally, MT4 keeps users informed with alerts and financial news for timely decision-making.

Building on MT4's strengths, MetaTrader 5 (MT5) introduces advanced features and expanded asset classes, offering a more comprehensive trading experience. With access to a broader range of tradable instruments, MT5 is suitable for the evolving preferences of traders.

WebTrader, another offering by VisionQuest, ensures accessible trading directly from web browsers. It facilitates bulk conclusion of transactions, real-time trading, and advanced technical analysis on the go. The platform's macroeconomic calendar and transaction history features keep traders well-informed and in control of their trading activities.

Trading Platform

Deposit & Withdrawal

VisionQuest offers the convenience of Internet banking transfer.

Local accounts in Hong Kong need to be pre-registered with a bank account linked to Credit Suisse International Futures for external transfers. The deposit bank for these transactions is China Construction Bank (Asia).

Customer Support

VisionQuest ensures effective and multilingual customer support through various channels, including phone and email.

For clients who prefer assistance in Traditional Chinese (HK), the dedicated phone line is 00852-35431017. Additionally, for support in Chinese (Simplified), clients can reach out to the customer service team at (852) 3543 1010.

To address inquiries or seek assistance, clients can also utilize the email support service by contacting service@vqfutures.com.hk.

This multichannel approach ensures that clients have accessible and responsive support options to meet their needs at VisionQuest.

Conclusion

VisionQuest presents a trading platform with certain advantages and drawbacks. On the positive side, it offers flexibility in market instruments, providing traders with a range of options.

However, the platform operates in an unregulated environment and the limited deposit and withdrawal options could be a drawback for those seeking more payment methods.

Traders considering VisionQuest should weigh these pros and cons carefully in trading activities on the platform.

FAQs

Q: What market instruments are available on VisionQuest?

A: VisionQuest offers a variety of market instruments, including Global Index Futures, Agricultural Futures, Foreign Exchange Futures, Energy Futures, Precious Metals Futures, Base Metals Futures, Interest Rate Futures, and Margin.

Q: How many account types does VisionQuest offer?

A: VisionQuest provides three types of accounts – Retail, Professional, and VIP.

Q: What is the minimum deposit required to start trading on VisionQuest?

A: The minimum deposit on VisionQuest starts at $100, making it accessible for traders with varying budgets.

Q: What is the maximum leverage offered by VisionQuest?

A: VisionQuest offers a maximum leverage of 1:200, providing flexibility for traders seeking different risk levels.

Q: What are the available trading platforms on VisionQuest?

A: VisionQuest supports MetaTrader 4/5 and WebTrader as trading platforms.

Q: What deposit and withdrawal methods are supported by VisionQuest?

A: VisionQuest supports Bank Transfer as the primary method for both deposit and withdrawal.

Keywords

  • 5-10 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • Hong Kong Dealing in futures contracts Revoked
  • High potential risk

Review 21

All(21) Latest Exposure(21)
王允

1-2 years

Hong Kong

Exposure
Induce and Fraud
VisionQuest's so-called mainland agent - Ivy (Shanghai) Investment Management Center, I was bewitched by their company's so-called teacher Zhao Lingsheng, and assistant Lin Xi, and I opened an account and made a deposit. About two weeks later, my application for withdrawal was rejected and my account was frozen. I asked them and they sent me a notice from HSBC saying that I must re-deposit 50% of the total amount in the account. I have to prove that the source of funds in my account is legal before I can withdraw money. I asked for the address of their company sales department to verify the situation. One moment they said it was on the eighth floor of the DBS Bank Building in Pudong New Area, Shanghai, another moment they said it was on the tenth floor, and now they said it was around the building and they would send a car to pick me up. I asked my Shanghai friend to go to the building. The property management staff of the building said that there was no such unit in the building. He also said that many people have come to inquire about this unit in recent years. Damn liar. There are more than 9,100 US dollars in my account Can’t get money. Now the scam company (maybe a counterfeit) is still live broadcasting, inducing to deceive customers. The name of the live broadcast room is VisionQuest’s official future live broadcast platform. They call themselves "VisionQuest’s mainland agent--Ivy (Shanghai) Investment Management Center In the name of doing business, one of the so-called teachers is called Zhao Lingsheng. Everyone must be careful to avoid being deceived.
2023-09-08
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