VT Markets MetaTrader Scam: Untrue Allegations

Recently, certain websites have been attempting to cast doubt on the integrity of VT Markets by highlighting potential scams occurring on the MetaTrader platform. It’s important to note that while VT Markets is a regulated broker and adheres to strict standards, scams can occur on any trading platform due to external fraudsters. VT Markets remains committed to providing a secure trading environment and encourages traders to stay informed and vigilant to protect their investments.

How VT Markets Upholds Integrity and Trust in Forex Trading

Forex market is considered as the biggest market in the world, it deals trillions of dollars’ worth of trades every day. Investors are always looking for the best broker to trade forex, precious metals, indices, share CFDs, and other trending assets such as digital currencies. With thousands of brokers out there when you conduct your research, determining whether a broker is legit (or not a scam) can be quite challenging. As an investor (especially for those who trade online), it is vital to research a company before making a commitment and depositing money to trade.

The key and first question you should ask is whether the broker is regulated. As scam brokers do not have to report to a governing body or authority. This means that if they scam you in any way (e.g. causing slippage intentionally, blocking your withdrawal, etc.), there is pretty much nothing you can do about it besides posting a bad review online can be helpful for others to avoid falling into the same pit. To check whether a broker is a scam, the quickest way is to check the footer of broker’s website:

VT Markets Regulations

A regulated broker always includes proper risk disclaimers and regulatory information at the bottom of all their website pages. VT Markets is a fully regulated broker, which has been in the financial service industry for over a decade. VT Markets have entities that are regulated under the Australian Securities and Investments Commission (ASIC), and the Financial Sector Conduct Authority (FSCA).

After confirming the broker is regulated, the next thing you should do is to determine whether the regulatory body is trustworthy. Regulators such as International Financial Services Commission (IFSC), Securities Commission of The Bahamas (SCB) and Seychelles International Business Authority (SIBA) are certainly not as trustworthy as Australian Securities and Investments Commission (ASIC), Cyprus Securities & Exchange Commission (CySEC) and Financial Conduct Authority (FCA). Some regulatory body such as St. Vincent & the Grenadines does not monitor or regulate forex companies, thus a lot of scam brokers has St. Vincent & the Grenadine listed as their regulatory body, which means their investors are not protected at all. Here is a list of the regulatory bodies that are mostly recognized by investors:

Financial Conduct Authority (FCA) – United Kingdom
Cyprus Securities & Exchange Commission (CySEC)– Cyprus
Australian Securities & Investment Commission (ASIC) – Australia
Monetary Authority of Singapore (MAS) – Singapore
Financial Services Agency (FSA) – Japan
Cayman Islands Monetary Authority (CIMA) – Cayman Islands

VT Markets is regulated by ASIC and CIMA – two of the commonly recognized regulatory bodies. Our clients are well-protected.

VT Markets Reviews

VT Markets prioritizes transparency and client trust, a commitment clearly evidenced through the feedback and reviews on Trustpilot. Our high ratings affirm the reliability of our trading services, the efficiency of our customer support, and the user-friendliness of our platforms. These testimonials reflect the successful outcomes of our efforts to create a secure and effective trading environment, and the satisfaction our clients experience with our comprehensive support.

We invite both prospective and existing clients to explore our Trustpilot profile to gain a genuine perspective on trading with VT Markets. This engagement with client feedback is crucial for our ongoing improvement and underscores our dedication to a trustworthy, client-centered trading experience.

In conclusion, it is crucial to check your broker’s regulatory information before sending money to them. The regulatory is the only thing to ensure the safety of your capital. Any other information such as awards, company stories, and corporate sponsorship can be considered as an additional endorsement of the brand, but these cannot guarantee the legitimacy of a broker without appropriate regulation.