Vanquish Capital Associates has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: 852 5808 1787, fax 852 3012 9787
Addresses: Midland Centre 328 Queens Road Central Hongkong This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.vanquishcapital-hk.com.
I signed up with Vanquish Capital Associates through my accountant's suggestion and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Excellent charting|Social trading features
Cons: Help articles are sometimes vague
Vanquish Capital Associates had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Clear documentation|No hidden fees|Portfolio tracking tools|Quick verification
Cons: Slow to add new assets
Do not use Vanquish Capital Associates for anything serious. I used them since I retired last year for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Portfolio tracking tools|Fast support response|API access
Cons: Charting tools need more indicators|Desktop app not available on Linux
I have been trying to close my account with Vanquish Capital Associates for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Automated trading options|Good mobile app
Cons: Limited cryptocurrency options
The only good thing about Vanquish Capital Associates is that they remind you why regulation matters. I found them after seeing their ad online. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Easy withdrawals|Economic calendar|No hidden fees|Competitive fees
Cons: Slow to add new assets
KYC with Vanquish Capital Associates is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Instant funding|Easy withdrawals|Segregated accounts
Cons: None so far