"In the trading market, investors often find themselves caught in the 'big losses, small gains' cycle. After struggling to make some profits, they discover they can't withdraw them. Therefore, when choosing a platform, it's essential to stay away from blacklisted platforms and those with a poor reputation, bad service, and high risks. Today, SkyNet Watch brings you information about such a platform - VT Markets, which has received complaints from investors about profit erasure, capital seizure, and withdrawal refusals.
**SkyNet Watch Examples:**
Investor A recently complained that in February 2023, he opened an account with VT Markets and deposited 150,000 USD. After trading for some time, he accumulated a total profit of over 50,000 USD. When he tried to withdraw 80,000 USD, he found himself unable to successfully submit the withdrawal request, and his funds were continuously denied withdrawal.
Although Investor A contacted the account manager multiple times, he was told that the withdrawal request was under review. It has been two months now, and he still can't withdraw any funds. Investor A expressed that he had succumbed to the platform's pressure, requested the return of his capital, but the platform still refuses to provide the funds, indicating an attempt to seize investors' capital.
Investor B lodged a complaint stating that he invested a total of 65,000 RMB on the VT Markets platform. As of November 27, 2022, the balance in his account wallet exceeded 190,000 RMB. He applied to withdraw his principal of 60,000 RMB in 2022, but the platform did not allow the withdrawal and instead tried to persuade him to deposit an additional 60,000 RMB.
Since Investor B had no more money to deposit, the platform continued to withhold his withdrawal. The account manager who initially induced him to open an account and trade is now unreachable.
From the above cases, it is evident that some of VT Markets' actions are no different from those of blacklisted platforms. The platform claims to be regulated by multiple regulatory authorities, but it is reported that the platform has not officially deposited its funds under Australian regulation. According to many clients' feedback, they have verified with ASIC and confirmed that the platform is not regulated by Australia. Therefore, clients' funds are not protected.
According to investors' feedback, VT Markets' operations are strikingly similar to those of Wanzhi platform, which also harvested many investors' hard-earned money when it entered the Chinese market. VT Markets once advertised that the platform was developed by Wanzhi platform, specifically for Chinese traders, which is deeply concerning. Nonetheless, it is hoped that the VT Markets platform can improve its service quality and technological capabilities and enhance the investment environment; otherwise, who would dare to continue investing?
**SkyNet Watch Reminder:**
From the complaints and reputation of investors, VT Markets' trading environment appears to be unstable, withdrawal channels are not smooth, issues like margin calls and slippage occur frequently, and when faced with these problems, customer service often finds reasons to delay or deny withdrawals. SkyNet Watch advises investors to carefully review a platform's regulatory qualifications when choosing one and to check their service quality and customer reputation on SkyNet Watch's platform. Stay away from unregulated platforms with poor service and high risks."
