WikiFX

Reply

Drawing on my own experience and the information available, I find VPS services present several red flags that make me hesitant to trust them with my trading funds. Most concerning for me is the complete lack of regulatory oversight. VPS is not supervised by any recognized financial authority, meaning there are no enforced standards for transparency, fund segregation, or recourse in the event of disputes. In forex, regulation is not a mere formality; it is the primary safeguard that instills basic trust in a broker. Without it, traders like myself must assume full risk, even in situations where funds become inaccessible or business practices change unexpectedly. While I've noticed a handful of positive user comments about their trading platforms and range of securities, the issues cited—such as questionable renewal practices and inconsistent customer service—add to my reservations. In a market full of regulated alternatives, a broker’s technological strengths do not outweigh the need for credible fund protection and proven transparency. Even if I were enticed by VPS’s product variety or ease of access, the high potential risk flagged by the lack of a license and negative regulatory indicators push me to err on the side of caution. For me, prioritizing safety and regulatory compliance far outweighs any convenience or features, so I would not consider VPS fully trustworthy for forex trading.