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VSFX Global

Australia|2-5 years|
White label MT4|Regional Brokers|Suspicious Overrun|High potential risk|

https://vsfxglobal.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
VSFXFinancial-Demo MT4
Server Location Hong Kong

Contact

+61 2 7908 3946
https://vsfxglobal.com/
Level 4/15 Blue St, North Sydney NSW 2060, Australia

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+61 2 7908 3946

Other ways of contact

Broker Information

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Company Name

VSFX Global

Abbreviation

VSFX Global

Platform registered country and region

Australia

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-07-14
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The United StatesNFA regulation (license number: 0548411) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

VSFX Global · WikiFX Survey

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VSFX Global · Company Summary

Note: VSFX Globals official site - https://vsfxglobal.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

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 contained in this article is for general information purposes only.

General Information

VSFX Global Review Summary in 10 Points
Founded 1-2 years
Registered Country/Region Australia
Regulation NFA (Suspicious clone)
Market Instruments N/A
Demo Account N/A
Leverage 1:500
EUR/USD Spread From 1.0 pips (Std)
Trading Platforms MT4
Minimum Deposit $100
Customer Support Phone: +61 2 7908 3946

What is VSFX Global?

VSFX Global is an offshore brokerage company registered in Australia that claims to offer two account types with different minimum deposit requirements and trading conditions on the MT4 trading platform.

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.

Pros & Cons

Pros & Cons
Pros Cons
• Acceptable minimum deposit • NFA license is a suspicious clone
• Tight spreads • Unavailable website
• Commission-free account available • Lack of transparency
• Availability of MetaTrader 4 • Limited industry experience

VSFX Global Alternative Brokers

There are many alternative brokers to VSFX Global depending on the specific needs and preferences of the trader. Some popular options include:

  • LiteForex: LiteForex offers a wide range of trading instruments, competitive spreads, and multiple account types, making it a potential choice for traders looking for diverse trading options.

  • Eightcap: With its low-cost trading conditions, fast execution speeds, and a variety of trading platforms, Eightcap can be a suitable option for traders seeking a reliable and efficient trading experience.

  • Grand Capital: Grand Capital's comprehensive educational resources, various account types, and multiple trading platforms make it a potentially good choice for traders at different skill levels who value learning and flexibility.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is VSFX Global Safe or Scam?

Based on the information available, which states that VSFX Global currently has no valid regulation. Their United States National Futures Association (NFA, License No. 0548411) license is a suspicious clone, it raises significant concerns about the legitimacy and safety of the company. The lack of proper regulation means that there may be no oversight or safeguards in place to protect investors' funds or ensure fair trading practices.

It's advisable to refrain from investing or conducting business with VSFX Global or any similar company lacking proper regulation or having suspicious credentials. Instead, consider reputable brokers with established regulatory oversight, strong track records, and positive customer reviews to ensure a safer and more secure trading experience.

NFA license

Accounts

VSFX Global offers two live account types: the Standard account and the Pro account. Both account types require a minimum deposit of $100.

The Standard account is designed for traders who are looking for a straightforward trading experience. It provides access to a range of trading instruments and features, allowing traders to execute trades with ease. This account type may suit beginners or those who prefer a more simplified approach to trading.

On the other hand, the Pro account is tailored for experienced traders who seek advanced trading tools and features. This account type may offer additional benefits such as lower spreads, faster execution speeds, and access to more sophisticated trading platforms. It is suitable for traders who require more advanced functionality and are comfortable navigating complex trading strategies.

Leverage

Leverage

VSFX Global offers a maximum leverage of 1:500. Leverage is a tool that allows traders to control larger positions in the market with a smaller amount of capital. In this case, a leverage ratio of 1:500 means that for every dollar of capital in the trading account, traders can access up to 500 dollars' worth of trading positions. Higher leverage can amplify potential profits, as even small market movements can result in significant gains.

However, it's important to note that leverage also magnifies potential losses, as losses are calculated based on the total position size rather than the initial investment. Traders should exercise caution and fully understand the risks associated with leveraged trading, as it can result in substantial losses if not managed properly. It is recommended to have a clear risk management strategy and only utilize leverage that aligns with one's risk tolerance and trading experience.

Spreads & Commissions

VSFX Global offers different spreads and commissions based on the account types. For the Standard account, the spreads start from 1.0 pips. The spread represents the difference between the buy and sell prices of a trading instrument, and a lower spread generally indicates better trading conditions. In the case of the Pro account, the spreads start from 0.0 pips, suggesting potentially tighter spreads and potentially more favorable trading conditions for this account type.

Regarding commissions, there is no commission charged for trades executed on the Standard account. This means that traders using the Standard account will only need to consider the spread as the cost of their trades. On the other hand, the Pro account incurs a commission of $7 per trade. This commission is separate from the spread and is charged in addition to it. Traders using the Pro account should factor in both the spread and the commission when assessing the overall costs of their trades.

It's important to note that while the above information provides a general overview of the spreads and commissions offered by VSFX Global, it's always advisable to review the specific terms and conditions provided by the company directly. Additionally, individual trades may be subject to market conditions and fluctuations, which can affect the actual spreads experienced by traders.

Trading Platforms

VSFX Global offers the popular MetaTrader 4 (MT4) trading platform to its clients. MT4 is a widely recognized and widely used platform in the financial industry, known for its robust features and user-friendly interface. It provides traders with a comprehensive suite of tools for analyzing markets, executing trades, and managing their positions. The platform offers a wide range of technical indicators, charting capabilities, and customizable trading strategies, allowing traders to implement their preferred trading methodologies.

MT4 also supports automated trading through the use of expert advisors (EAs) that can execute trades on behalf of the trader based on pre-defined criteria. The platform is available for desktop download, web-based access, and mobile devices, ensuring flexibility and convenience for traders who prefer to monitor and manage their trades on the go.

Overall, the availability of MT4 as the trading platform of VSFX Global indicates a reliable and widely accepted option for traders to execute their trading strategies efficiently.

See the trading platform comparison table below:

Broker Trading Platforms
VSFX Global MetaTrader 4 (MT4)
LiteForex MetaTrader 4 (MT4), MetaTrader 5 (MT5), WebTrader
Eightcap MetaTrader 4 (MT4), MetaTrader 5 (MT5)
Grand Capital MetaTrader 4 (MT4), WebTrader, Grand Trade mobile app

Customer Service

VSFX Global provides customer service through phone communication at +61 2 7908 3946. This contact number allows clients to reach out to the company's support team for assistance, inquiries, or other relevant matters. Having a dedicated phone line indicates a commitment to personalized customer support, as clients can directly speak with a representative to address their concerns.

Additionally, the company's physical address, located at Level 4/15 Blue St, North Sydney NSW 2060, Australia, provides a tangible location for clients to visit or send correspondence if needed.

However, it's important to note that while the availability of customer service contact information is a positive sign, the effectiveness and responsiveness of customer service can only be determined through direct experience or feedback from clients.

Conclusion

Given that the suspicion surrounding VSFX Global claimed United States National Futures Association license and unavailable website, it is important to exercise extreme caution when considering this company. These factors raise significant concerns about the legitimacy and safety of VSFX Global.

Engaging with an unregulated or potentially fraudulent company can put your funds at risk, as there may be no oversight or safeguards in place. It is advisable to avoid dealing with VSFX Global or any similar company that lacks proper regulation or has questionable credentials.

To ensure the safety of your investments, it is recommended to choose brokers that are regulated by reputable authorities, have a transparent track record, and have positive reviews from clients and industry experts. Conduct thorough research, seek advice from licensed financial professionals, and carefully consider the risks before engaging with any financial service provider.

Frequently Asked Questions (FAQs)

Frequently Asked Questions (FAQs)
Q 1: Is VSFX Global regulated?
A 1: No. Their United States National Futures Association (License No. 0548411) is a suspicious clone.
Q 2: Does VSFX Global offer the industry leading MT4 & MT5?
A 2: Yes. It supports MT4.
Q 3: What is the minimum deposit for VSFX Global?
A 3: The minimum initial deposit to open an account is $100.
Q 4: Is VSFX Global a good broker for beginners?
A 4: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website.

User Reviews

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Comments

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Alexcandor
more than one year
My experience has been frustrating, to say the least. The website is frequently dysfunctional, making it challenging to execute trades or even access my account.
2023-12-11 17:35
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Kylin
more than one year
I have faced significant difficulties with fund withdrawals, and the limited customer support channels make problem resolution slow and cumbersome. I regret choosing OBFX, and I am actively looking for alternatives with better regulatory standing and customer support.
2023-12-08 09:44
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0
0
Cancx
more than one year
Their customer service is exceptionally poor. It has been difficult to receive timely and effective responses. Their support team appears to lack knowledge and problem-solving capabilities. Furthermore, I have found their trade execution speed to be very slow. My trade orders are often delayed, causing me to miss out on many opportunities. Most concerning of all, I encountered significant difficulties when trying to withdraw my funds. Their withdrawal process is complex and time-consuming.
2023-07-12 12:31
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Mingyu
more than one year
My experience with VSFX Global has been somewhat mixed. While their lack of regulation is concerning, I have not encountered any issues with the execution of my trades. The spreads starting from 1.0 pips, are relatively average compared to other brokers I have used in the past. I appreciate the absence of commissions on the Standard account, as it keeps my trading costs predictable. However, I would urge caution when dealing with them due to the lack of regulation and the associated risks.
2023-07-12 12:29
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0
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