Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10
The WikiFX Score of this broker is reduced because of too many complaints!

VisionQuest

Hong Kong|5-10 years|
Regulated in Hong Kong|Suspicious Regulatory License|Suspicious Scope of Business|Hong Kong Dealing in futures contracts Revoked|High potential risk|

http://www.vqfutures.com.hk

Website

Rating Index

Contact

00852-35431017
service@vqfutures.com.hk
http://www.vqfutures.com.hk
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

Traditional Chinese(HK)

00852-35431017

Chinese (Simplified)

(852) 3543 1010

Broker Information

More

Company Name

VISION QUEST INTERNATIONAL FUTURES CO.,LIMITED

Company Abbreviation

VisionQuest

Platform registered country and region

Hong Kong

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 3
Previous Detection : 2024-03-19
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 17 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Users who viewed VisionQuest also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

IsandisoFX

7.47
Score
Within 1 yearRegulated in South AfricaFinancial Service CorporateMT4/5 full license
Official website

KCM Trade

7.73
Score
5-10 yearsStraight Through Processing(STP)MT4/5 full license
Official website

FP Markets

8.87
Score
15-20 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website
Pyramid scheme complaint
Expose
Unable to withdraw

VisionQuest plays a nasty trick

I saw a friend whose tail number is 1719 kept exposing. I also exposed them. We have to know these professional frauds have nothing to fear. We should get together and collect more evidence and cases to making nation and police officer attach great importance to it. I also expose in Tieba. There's strength in numbers。 I uploaded two photos which are about the senior manager of VisionQuest

2020-10-24 19:46
Scam

Induce and Fraud

VisionQuest's so-called mainland agent - Ivy (Shanghai) Investment Management Center, I was bewitched by their company's so-called teacher Zhao Lingsheng, and assistant Lin Xi, and I opened an account and made a deposit. About two weeks later, my application for withdrawal was rejected and my account was frozen. I asked them and they sent me a notice from HSBC saying that I must re-deposit 50% of the total amount in the account. I have to prove that the source of funds in my account is legal before I can withdraw money. I asked for the address of their company sales department to verify the situation. One moment they said it was on the eighth floor of the DBS Bank Building in Pudong New Area, Shanghai, another moment they said it was on the tenth floor, and now they said it was around the building and they would send a car to pick me up. I asked my Shanghai friend to go to the building. The property management staff of the building said that there was no such unit in the building. He also said that many people have come to inquire about this unit in recent years. Damn liar. There are more than 9,100 US dollars in my account Can’t get money. Now the scam company (maybe a counterfeit) is still live broadcasting, inducing to deceive customers. The name of the live broadcast room is VisionQuest’s official future live broadcast platform. They call themselves "VisionQuest’s mainland agent--Ivy (Shanghai) Investment Management Center In the name of doing business, one of the so-called teachers is called Zhao Lingsheng. Everyone must be careful to avoid being deceived.

2023-09-08 16:15

    VisionQuest · Company Summary

    Aspect Information
    Company Name VisionQuest
    Registered Country/Area Hong Kong
    Years 5-10 years
    Regulation Unregulated
    Market Instruments Global Index Futures, Agricultural Futures, Foreign Exchange Futures, Energy Futures, Precious Metals Futures, Base Metals Futures, Interest Rate Futures and Margin
    Account Types Retail Account, Professional Account, and VIP Account
    Minimum Deposit $100
    Maximum Leverage 1:200
    Trading Platforms MetaTrader 4/5, WebTrader
    Demo Account Yes
    Customer Support Phone: Traditional Chinese(HK) 00852-35431017 and Chinese (Simplified) (852) 3543 1010 and Email: service@vqfutures.com.hk
    Deposit & Withdrawal Bank Transfer

    Overview of VisionQuest

    VisionQuest is a trading platform based in Hong Kong, serving clients for 5-10 years. Operating in an unregulated environment, it provides various market instruments like Global Index Futures and Foreign Exchange Futures.

    Traders can choose from three account types – Retail, Professional, and VIP, with minimum deposits starting at $100. The platform offers maximum leverage of 1:200. VisionQuest supports MetaTrader 4/5 and WebTrader for trading and provides a Demo Account for practice. Customer support is available through phone and email. Deposit and withdrawal can be done via Bank Transfer.

    While unregulated, VisionQuest offers an extensive and accessible trading experience.

    Overview of VisionQuest

    Regulatory Status

    VisionQuest operates an unregulated trading platform. There is a higher potential for market manipulation, as there are no regulatory mechanisms to monitor and prevent unfair practices. Traders may be exposed to price manipulation and other unethical behaviors.

    Pros and Cons

    Pros Cons
    Flexible Market Instruments Unregulated Status
    Range of Account Types imited Deposit & Withdrawal Options
    Accessible Minimum Deposit /
    Maximum Leverage /

    Pros:

    1. Flexible Market Instruments: VisionQuest offers a variety of market instruments, including Global Index Futures and Precious Metals Futures.

    2. Range of Account Types: Traders can choose from Retail, Professional, and VIP accounts.

    3. Accessible Minimum Deposit: With a minimum deposit starting at $100, VisionQuest provides entry opportunities for traders with varying budgets.

    4. Maximum Leverage: The platform offers a maximum leverage of 1:200, providing flexibility for traders seeking different risk levels.

    Cons:

    1. Unregulated Status: VisionQuest operates in an unregulated environment, potentially raising concerns about investor protection.

    2. Limited Deposit & Withdrawal Options: The platform only supports Bank Transfers for deposit and withdrawal, limiting payment method options.

    Market Instruments

    VisionQuest provides a wide range of market instruments, geared to the trading preferences of its clients. The available instruments include:

    1. Global Index Futures: Traders can access futures contracts linked to global stock indices, allowing them to speculate on the performance of major stock markets worldwide.

    2. Agricultural Futures: VisionQuest offers futures contracts related to agricultural commodities, enabling traders to participate in the price movements of products such as grains, livestock, and soft commodities.

    3. Foreign Exchange Futures: Forex futures allow traders to engage in currency trading with standardized contracts, providing exposure to various currency pairs and their future price movements.

    4. Energy Futures: Traders can trade energy futures, including contracts linked to commodities like crude oil, natural gas, and other energy-related products, reflecting market trends in the energy sector.

    5. Precious Metals Futures: VisionQuest provides futures contracts for precious metals such as gold, silver, platinum, and palladium, allowing traders to take positions based on the future prices of these valuable metals.

    Market Instruments
    1. Base Metals Futures: Futures contracts tied to base metals like copper, aluminum, and zinc are available, enabling traders to speculate on the price movements of these industrial commodities.

    2. Interest Rate Futures: Traders can engage in interest rate futures, allowing them to take positions on future interest rates in various financial markets.

    3. Margin Trading: VisionQuest supports margin trading, providing traders with the ability to trade larger positions with a fraction of the total value, amplifying potential returns or losses.

    Account Types

    VisionQuest provides a range of account types to accommodate the needs of traders.

    The Retail Account requires a minimum deposit of $100, offering leverage of 1:50 for traders seeking a more conservative approach.

    For those with higher risk tolerance and a desire for increased leverage, the Professional Account becomes available with a minimum deposit of $5,000 and a leverage of 1:200.

    The VIP Account, designed for seasoned traders with negotiable minimum deposits, provides the flexibility of customizable leverage.

    Account Type Minimum Deposit Leverage
    Retail Account $100 1:50
    Professional Account $5,000 1:200
    VIP Account Negotiable Customizable Leverage

    How to Open an Account?

    Opening an account with VisionQuest is a straightforward process that can be completed online in a matter of minutes. Here's a breakdown of the steps involved:

    1. Visit the VisionQuest website and click “Open Account.”

    2. Fill out the online application form: The form will request your personal information, financial details, and trading experience. Be sure to have your identification documents (passport or ID card) and proof of address handy for uploading.

    3. Fund your account: VisionQuest offers various deposit methods, including bank transfers, credit/debit cards, and e-wallets. Choose your preferred method and follow the instructions to complete the deposit.

    4. Verify your account: Once your account is funded, you'll need to verify your identity and address. This typically involves submitting scanned copies of your ID documents and proof of address.

    5. Start trading: Once your account is verified, you're ready to explore the VisionQuest trading platform and start making trades.

    Trading Platform

    VisionQuest offers a comprehensive suite of trading platforms tailored to meet the needs of traders.

    The MetaTrader 4 (MT4) platform provides a user-friendly interface, real-time charts, and advanced technical analysis tools. Traders can benefit from automated trading through copy trading and algorithmic trading functionalities. Additionally, MT4 keeps users informed with alerts and financial news for timely decision-making.

    Building on MT4's strengths, MetaTrader 5 (MT5) introduces advanced features and expanded asset classes, offering a more comprehensive trading experience. With access to a broader range of tradable instruments, MT5 is suitable for the evolving preferences of traders.

    WebTrader, another offering by VisionQuest, ensures accessible trading directly from web browsers. It facilitates bulk conclusion of transactions, real-time trading, and advanced technical analysis on the go. The platform's macroeconomic calendar and transaction history features keep traders well-informed and in control of their trading activities.

    Trading Platform

    Deposit & Withdrawal

    VisionQuest offers the convenience of Internet banking transfer.

    Local accounts in Hong Kong need to be pre-registered with a bank account linked to Credit Suisse International Futures for external transfers. The deposit bank for these transactions is China Construction Bank (Asia).

    Customer Support

    VisionQuest ensures effective and multilingual customer support through various channels, including phone and email.

    For clients who prefer assistance in Traditional Chinese (HK), the dedicated phone line is 00852-35431017. Additionally, for support in Chinese (Simplified), clients can reach out to the customer service team at (852) 3543 1010.

    To address inquiries or seek assistance, clients can also utilize the email support service by contacting service@vqfutures.com.hk.

    This multichannel approach ensures that clients have accessible and responsive support options to meet their needs at VisionQuest.

    Conclusion

    VisionQuest presents a trading platform with certain advantages and drawbacks. On the positive side, it offers flexibility in market instruments, providing traders with a range of options.

    However, the platform operates in an unregulated environment and the limited deposit and withdrawal options could be a drawback for those seeking more payment methods.

    Traders considering VisionQuest should weigh these pros and cons carefully in trading activities on the platform.

    FAQs

    Q: What market instruments are available on VisionQuest?

    A: VisionQuest offers a variety of market instruments, including Global Index Futures, Agricultural Futures, Foreign Exchange Futures, Energy Futures, Precious Metals Futures, Base Metals Futures, Interest Rate Futures, and Margin.

    Q: How many account types does VisionQuest offer?

    A: VisionQuest provides three types of accounts – Retail, Professional, and VIP.

    Q: What is the minimum deposit required to start trading on VisionQuest?

    A: The minimum deposit on VisionQuest starts at $100, making it accessible for traders with varying budgets.

    Q: What is the maximum leverage offered by VisionQuest?

    A: VisionQuest offers a maximum leverage of 1:200, providing flexibility for traders seeking different risk levels.

    Q: What are the available trading platforms on VisionQuest?

    A: VisionQuest supports MetaTrader 4/5 and WebTrader as trading platforms.

    Q: What deposit and withdrawal methods are supported by VisionQuest?

    A: VisionQuest supports Bank Transfer as the primary method for both deposit and withdrawal.

    User Reviews

    Sort by content

    • Sort by content
    • Sort by time

    User comment

    1

    Comments

    Write a review

    tinala
    more than one year
    My time with VisionQuest has been disappointing, mainly due to their questionable withdrawal practices. While depositing is smooth, withdrawing funds has proven to be an arduous process, revealing a lack of transparency and professional ethics. This platform's inconsistency has left me skeptical about its integrity. VisionQuest needs to address these issues urgently to restore user trust.
    2023-12-19 18:29
    Reply
    0
    0
    21
    TOP
    Select Country/District
    United States
    ※ The content of this website abides with local laws and regulations.
    You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
    consumer hotline:006531290538
    Official Email:support@wikifx.com;
    Mobile Phone Number:234 706 777 7762;61 449895363
    Telegram:+60 103342306
    Whatsapp:+852-6613 1970;
    License or other information error corrections, please send the information to:qawikifx@gmail.com
    Cooperation:fxeyevip@gmail.com