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/10

VI Markets

Kuwait Kuwait | 5-10 years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

http://www.vimarkets.me/

Website

Rating Index

Contact

+44 (0) 203 857 2000
http://www.vimarkets.me/
Level 2 36-38 Leadenhall Street London, EC3A1AT United Kingdom

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Kuwait
Operating Period
5-10 years
Company Name
One Financial Markets
Email
info@ofmarkets.com
Contact Number
+4402038572000
Account Info
Verified Site
About Us
Wiki Q&A
Comment

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Official Website

Verified Site

  • vimarkets.me
    184.168.131.241
    Server Location
    United States United States
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    2015-12-13
    Website Name
    WHOIS.NIC.ME
    Company
    GODADDY.COM, LLC

Company Profile

Company Profile

Review summary

VI Markets Review Summary
Founded2015
Registered Country/RegionKuwait
RegulationUnregulated
Market Instruments200+, Forex, Bullion, Indices, Commodities, Energy, Cryptocurrencies, Shares
Demo Account($10,000 in virtual funds)
Leverage/
EUR/USD Spread/
Trading PlatformMT4, MT5 and WebTrader
Min Deposit/
Customer Support24/5 support
Contact form
Tel: +44 (0) 203 857 2000; +965 22256988; +61 448088246
Email: info@ofmarkets.com; clientservices@vimarkets.com.kw
X: https://twitter.com/onefinancial
Facebook: https://www.facebook.com/onefinancialmarket/
YouTube: http://www.youtube.com/onefinancialmarkets
WhatsApp: https://wa.me/message/AXYAAN4ALZ5OJ1
Physical address: Level 2 36-38 Leadenhall Street London, EC3A1AT United Kingdom
Sharq - Mazaya Tower 02 - 10th floor PO BOX 3040 22031 Salmiya, Kuwait
Regional RestrictionsThe United States, Belgium, Poland or any particular country outside the UK

VI Markets, a financial brokerage firm registered in Kuwait in 2015, offers a diverse range of trading options including Forex, Bullion, Indices, Commodities, Energy, Cryptocurrencies, and Shares through the MT4 and MT5 trading platforms. In addition, the company provides comprehensive customer support channels and offers a risk-free demo account with $10,000 in virtual funds. However, it operates without any legal regulation.

VI Markets homepage

Pros and Cons

Pros Cons
Multiple trading choicesNo regulation
Demo accountsLimited info on trading conditions
No commissionsWithdrawal fees charged
MT4 and MT5 trading platformRegional restrictions
Popular payment options
No deposit fees

Is VI Markets Legit?

VI Markets does not hold a regulatory license from any authoritative financial regulatory body. Instead, it mentions on its website that it is registered in Saint Vincent and the Grenadines, a jurisdiction that is often favored by fraudulent brokers because it does not effectively regulate foreign exchange brokers.

Is VI Markets Legit?

What Can I Trade on VI Markets?

OnVI Markets, you can trade 200+ popular products, including Forex, Bullion, Indices, Commodities, Energy, Cryptocurrencies and Shares:

Forex: AUD/CAD, AUD/CHF, AUD/JPY, AUD/NOK, AUD/NZD, AUD/SGD...

Bullion: Gold Future, Gold vs US Dollar, Gold vs Australian Dollar, Gold vs Euro, Gold vs Swiss Franc, Gold vs British Pound and Silver vs US Dollar.

Indices: AUS200, CN50, EU50, FRA40, GER40, HK50...

Commodities: XAGUSD, XAUAUD, XAUCHF, XAUEUR, XAUGBP, XAUUSD...

Energy: UK Brent Oil, UK Crude Oil (cash), US Crude Oil (cash), US Crude Oil, US Natural Gas...

Cryptocurrencies: Bitcoin, Bitcoin cash, Dash, Ethereum, Litecoin, Ripple...

Shares: US271, UK141, EU46...

Tradable Instruments Supported
Forex
Bullion
Indices
Commodities
Energy
Cryptocurrencies
Shares
Bonds
Options
ETFs
What Can I Trade on VI Markets?

Trading Platform

VI Markets indeed offers a plethora of trading platforms, including the highly popular and professional MT4 and MT5, as well as a WebTrader. Both the former platforms are accessible via Web and Mobile. These features might make the broker sound highly reliable to you. However, it's crucial to remember that VI Markets is not regulated by any authority, so you should not take any information at face value.

Trading PlatformSupported Available Devices Suitable for
WebTraderWeb/
MT4Web and MobileBeginners
MT5Web and MobileExperienced traders
MT4
MT5

Deposit and Withdrawal

VI Markets accepts payments via Bank Transfer, Credit/Debit Card, Neteller, and Skrill. Each method has a different minimum deposit and withdrawal amount, as well as varying processing times. Some methods may also charge certain withdrawal fees.

Payment MethodMin Deposit Min WithdrawalDeposit FeeWithdrawal FeeDeposit TimeWithdrawal Time
UK Bank transfers0£30£1 (next day payment)1-3 working daysNext day
£20 (same day payment)Same day
International SWIFT bank wire transfer$50 (or equivalent)$252-5 working days2-5 working days+
Credit/debit card(within portal)$50, €35 or £30$50, €35 or £30Immediately3-5 working days
Credit/debit card(outside portal)Within 15 minutes++Up to 10 days
Neteller$50$50ImmediatelySame day
Skrill
Deposit and Withdrawal

Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

Is VI Markets a legitimate trading platform?

VI Markets, which also operates under the name One Financial Markets, is an entity that exhibits significant credibility challenges, with its business scope marked as suspicious. It operates without any verified licenses from recognized financial authorities, placing it in the high-risk category of unregulated offshore brokers. This means the standard safeguards, such as segregated client funds and compensation schemes typically found with licensed firms, are not applicable. Its extremely low WikiFX score of 1.55 out of 10 further reflects a severe operational risk profile. For any prospective user, this combination of factors necessitates a highly cautious approach.

04-02
United States

Is VI Markets regulated?

VI Markets holds no valid authoritative forex trading licenses from recognized financial regulators. The broker is registered in Kuwait, a jurisdiction not known for mainstream, stringent retail forex oversight comparable to bodies like the UK's FCA or Australia's ASIC. Therefore, it operates as an unregulated entity, meaning there is no independent regulatory body to oversee its operations, protect client funds, or address disputes.

04-02
United States

Is VI Markets suitable for forex trading beginners?

Trading forex and CFDs involves a high degree of complexity and market risk. Whether you choose VI Markets or another trading platform, we strongly recommend that beginners thoroughly study forex basics before investing real funds. It is also highly advisable to practice with a demo account first to familiarize yourself with the platform's operations and market volatility.

04-02
United States

What essential information should I know before trading with VI Markets?

Before opening a live account, it is recommended to comprehensively understand the platform's regulatory status, deposit and withdrawal policies, spread costs, and overnight fees (swaps). Additionally, you can consult WikiFX to review the broker's latest score and user feedback to help you make a more informed investment decision.

04-02
United States

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

04-02
United States

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

04-02
United States

How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

04-02
United States

What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

04-02
United States

Can I recover my funds if I have been scammed by a broker?

Recovering funds after investment fraud can be difficult, but taking timely action may still help recover part of the losses. It is recommended to take the following actions immediately: keep trading records, chat records, and other evidence; contact the bank to try to stop or freeze the payment; report the case to local law enforcement agencies. In addition, investors can also use WikiFX complaint and exposure channels to increase the visibility of problematic platforms and improve the efficiency of rights protection.

04-02
United States
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