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MarketsVIP

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Operating status: SCAM

Website: https://marketsvip.com

Broker violations and abnormal records
  • 2024-03-19 The UK FCA issued a Warning against Markets VIP

    On 20 March 2024, the United Kingdom Financial Conduct Authority (FCA) issued a warning against Markets VIP, believing this company might be providing financial services or products  without authorisation in the UK. You may visit: https://www.fca.org.uk/news/warnings/markets-vip-https-marketsvipcom.

    On 20 March 2024, the United Kingdom Financial Conduct Authority (FCA) issued a warning against Markets VIP, believing this company might be providing financial services or products  without authorisation in the UK. You may visit: https://www.fca.org.uk/news/warnings/markets-vip-https-marketsvipcom.
  • 2024-04-02 BrokersView has Reviewed that MarketsVIP is an Unregulated Broker

    MarketsVIP claims to be a a broker incorporated in St. Vincent and the Grenadines, offering wide range of financial services, including Cryptocurrencies, Forex, Commodities, Stocks, Precious Metals and more instruments in global markets.

    Upon investigation, We didn't find the business registration of MarketsVIP with the Financial Services Authority in St. Vincent and the Grenadines(SVG FSA) , an offshore authority that doesn't license financial derivative trading brokerage activities. And the FCA issued a warning that Markets VIP was providing financial services or products in the UK without authorisation. 

    The truth is that MarketsVIP is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.

    MarketsVIP is a scam.

    MarketsVIP claims to be a a broker incorporated in St. Vincent and the Grenadines, offering wide range of financial services, including Cryptocurrencies, Forex, Commodities, Stocks, Precious Metals and more instruments in global markets. Upon investigation, We didn't find the business registration of MarketsVIP with the Financial Services Authority in St. Vincent and the Grenadines(SVG FSA) , an offshore authority that doesn't license financial derivative trading brokerage activities. And the FCA issued a warning that Markets VIP was providing financial services or products in the UK without authorisation. The truth is that MarketsVIP is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.MarketsVIP is a scam.

Related Complaints

Q&A Complaints

How much MarketsVIP charges for withdrawals?

Jacky
United States of America
2024-04-09
ANSWER We strongly advise against using MarketsVIP, an unlicensed broker. The broker fails to provide any details regarding its regulatory status, suggesting it may not possess a license for its operations - a significant red flag. The company purports to be incorporated in St. Vincent and the Grenadines, which led us to search for it in the register of the Financial Services Authority (SVG FSA) to verify its legitimacy. Regrettably, we found no matching records.Moreover, the Financial Conduct Authority (FCA) in the UK has identified its unlicensed financial services, resulting in a warning from the FCA. This warning underscores the substantial risks involved.In light of these facts, we strongly discourage the use of MarketsVIP. Investors could potentially fall victim to scams. To reduce such risks, we recommend opting for fully regulated brokers.
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