VEMarkets Review is Vemarkets.com a Scam or Legit Broker

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VEMarkets Review – is it scam or safe forex broker?

VEMarkets is a financial services provider, offering a selection of more than 1,000 financial assets, such as currency pairs, stocks, commodities, indices and cryptocurrencies to traders from all around the globe. The company is owned and operated by Global Payment solutions, sitauated in Podgorica, Montenegro. No regulation by an official agency is explicitly stated on the website.

Account type Min Deposit Max Leverage
Basic $250 1:200?
Bronze $1000 ?
Silver $2500 ?
Gold $10 000 ?
Platinum $25 000 ?

The traders have the option of choosing between five possible trading accounts with different minimum deposits, the lowest being $250. For comparison brokers like XM and FXTM require only $5 to start trading.

Disadvantages

As is mentioned in the beginning of the review – no regulation is explicitly stated on the website. Furthermore, the location of the company’s headquaters has no official regulatory agency for brokers. Trading with a non-regulated broker opens up an amalgam of risks for the trader. There is no assurance for the segregation of accounts i.e. the traders money is mixed up with that of the company which leads to the possibility of fraud. More over, there is no mechanism by which, in the advent of a market crash or brokers bankruptcy, the traders loses could be compensated.

That is why we advise you to trade with licensed brokers, especially FCA-regulated, since they are obliged to comply with rules such as a minimum holding of EUR 730 000 and Financial Services Compensation Scheme (FSCS) which provides for clients a safety net of up to 50 000 GBP per person. Such regulation lowers the risk of fraud and allows more transparency.

Variety of trading instruments

The broker offers a wide range of market options for potential traders. Besides currency pairs, you can also trade CFD on company stocks such as HM, goods like coffee, silver and gold, as well as cryptocurrencies. Diversification of trade is always a plus and we definitely count it as an advantage to be had since it opens up new possibilities for potential traders and gives flexibility.

Variety of deposit/withdrawal methods

VEMARKETS offer quite a few payment methods: Comodo, Visa/Mastercard, Wire transfer, Paysafe, Neteller, Skrill, AstroPay, Yandex money and Webmoney.

VEMarkets a is a forex brokerage, situated in Montenegro – a country lacking any official regulatory agency for brokers and trading. The spreads are high as well, there is no information about the leverage and the trading platform is good for beginners, but not for advanced traders. We do not advise you to risk real money trading with this broker. There are better options to which we have linked in the review.

Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

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FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Cyprus, SVG CySEC MT5, Web,
cTrader
$100 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Australia, Singapore FCA, ASIC, MAS, BaFin MT4, Web,
ProRealTime,
2Dealer
$0 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

Traders` reviews for VEMarkets

Spread

Slippage

Requotes

Price feed

Platform

Deposit/Withdraw

Customer service

Summary

Don’t invest

Please Don’t investing nothing,no even a penny with them . You would loose all.
They emptied all my account.,and they had the nerve to asking me for more if i wanted to
Recovery what I have lost .From £ 24.700 at one time I’m reduced at just over £3000.
There are all of them cooks.
[email protected] / Anthony Dillon /

The fun they have

It appears that all they want to do is have fun with other people’s money while taking a % of the total investment

I was taken from 8000€ (My investment) to 22000€ and told to put most of it on a losing stock. Once I was down from my €8000 inestmentbto 700.00 contact was minimum

They gave me a €1000 “bonus” which I had to x8 before I can draw money. No contact at all part from what follows.

Complained to the company about lack of support or concern via email. All I got was a rude voice mail saying “you can’t equate a banana with a cucumber” WHAT THE F..K! Professional eh?

Anthony Dillon was my advisor then when he sent it t. up I was passed to an account rescue team that did even worse Save your money put it on the lotto

I cannot believe what just happened!

Please read my post from 15 January which includes a copy of an email I sent to ‘Joshua’ of this company. I eventually received a phone call from some guy in finance department who finally agreed to refund my money. By the time I received it I was still out of pocket because of expenses. He also told me they had a perfect right to use Holly Willoughby’s name without her permission, it was ‘just an advert and I was stupid to believe it. After all this Joshua had the nerve to call me today!! These scam merchants are beyond belief.

Unverschämte Täuschung dieser Plattform

Hallo
Ich habe seid Mai 2020 ein Konto bei Ihnen.
Ich kann aber auf mein Konto nicht mehr zu greifen,weil es gesperrt ist.
es heiГџt mit meinem Land wird nicht gehandelt
Das Konto war aber offen-mein Broker heiГџt Daniel Welt-er hat sich seid August nicht mehr gemeldet.

Da ich ja noch 880€ auf mein Konto und nicht mehr spielen darf,bitte ich sie mein Geld auf das bekannte Konto zu überweisen.

Ich bitte um eine Antwort

mit freundlichen Gruss:Erhard Kuschke

Translated by Google:

Hello
I have an account with you in May 2020.
But I can no longer access my account because it is locked.
it means that my land is not traded
The account was open-my broker’s name is Daniel Welt-he’s August
no longer reported.

Since I still have 880 € on my account and no longer allowed to play, I ask you to transfer my money to the known account.

Please give me an answer

Best regards: Erhard Kuschke

just paid in $3000 to Vemarkets

I have just paid in $3000 to Vemarkets but am now worried that it might be a scam as this is my first time to trade.
I dont even know if I can withdraw my funds.
I should have checked them out first but I didnt

Withdrawal cancelled

The company is unprofessional and never answer your questions if you request a withdrawal they cancel it after 2 days and do not contact you. You can even close the account either so there is nothing you can really do with the account. They are literally using your details to trade without your involvement

Be Very Careful

VEMarkets were advertising an offer to join their company for ВЈ200 on evidence of a picture of Holly Willoughby gaining ВЈ169 within six minutes of depositing ВЈ200 with VEMarkets. So I opened an account with them. This was yesterday afternoon. After being continually harassed today, to a point of being reduced to tears, this is a copy of an email I have sent them (so far they have been strangely silent):

With reference to our recent telephone conversations, I wish to let you
know that I have been in touch with ITV in connection with the post on
Facebook featuring Holly Willoughby. She was supposed to have invested
ВЈ200 of her own money, in front of television cameras, and made a
profit of ВЈ169 in six minutes. This is a complete fabrication, in fact
an out and out scam. ITV told me Holly Willoughby has never endorsed
your company, nor would she be allowed to endorse any company, as
VEMarkets claim.

Secondly, you were advertising ВЈ200 starting fee which then
mysteriously rose to ВЈ220. After contacting my bank, I find you have
actually asked for ВЈ234.14. Can you explain this please.

Thirdly, my bank have suggested that I email you and ask for a full
refund of the money in my account with you. If this does not transpire,
my bank will take this up on my behalf.

Within slightly more than twelve hours of my opening an account
with VEMarkets, you were on the telephone requesting more money from
me. You would not tell me how much you required and refused to take
‘no’ for an answer. I hung up on you after you had virtually reduced
me to tears. My husband took over and you finally admitted you wanted
ВЈ1,500.

I tried to ring the number on VEMarkets’ Home Page and even that is not
genuine, it’s a restaurant.

Please will you provide me with information about your complaints
proceedure.

Do not touch VEMarkets

I naively deposited money into this company, which now I very much regret. All this company want is their hands on your money. I quickly changed my mind before any trading was done and asked for a refund of my deposits in line with their terms and conditions refund policy, which is not worth the paper it’s written on. I have continually e mail them regarding this with the reply of a senior analyst will contact you but never have. I have definitely been scammed by this lot and hope people will read this before making the same mistake as myself.

DO NOT TOUCH THIS COMPANY.

VEMarkets Betrug

Habe schon berichtet, dass ich von Trade Vemarkets durch falsch Informationen meines Brokers,mehrere 1000€ verloren habe.am Anfang lief es ganz gut aber dann war und ist dieser verschwunden.
Seid dem gibt es auch kein Zugang mehr zu dieser Plattform
Seite ist geschwärzt-für deutsche kein Zugang.(weder durch Email,Support oder Telefon)
878€ sind noch auf dem Konto-weis nicht ob ich die jemals wieder kriege-
beste GrГјsse Erhard Kuschke

Translated by Google:

Already reported that I lost several 1000 € from Trade Vemarkets due to incorrect information from my broker. In the beginning it went quite well but then it was and is gone.
There is no access to this platform anymore
Page is blackened – no German access (neither by email, support or telephone)
878 € are still on the account – do not know if I ever get the
best regards Erhard Kuschke

Very sceptical about this company

After reading about Vemarkets I shall not be investing a minimum deposit of ВЈ250 especially as they are not regulated and after signing up got a phone call straight away. The caller who sounded like he was calling from a call centre in India asked me my age and what I did for a living and then asked if I would be willing to put down a further deposit, this is before I have even made the first deposit which I will now be DECLIN

unsatisfactory support

The staff who were supposed to contact me and give support were unable to answer questions about learning to trade. Never rang when they said and kept trying to encourage me to invest more money. They implied my investment had increased when it was clearly just a paper exercise .

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