Forex Brokers

Versus Trade

1.3 (12 reviews)
🇲🇾 Malaysia
Visit Website
1.3
12 reviews
5
0
4
0
3
0
2
3
1
9

About Versus Trade

Versus Trade has been flagged by Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". Carrying on unlicensed capital market activities of dealing in securities This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.

Customer Reviews

Write a Review

Rip-off dressed as a service

M
Melody W.
2 months ago

I signed up with Versus Trade after attending a webinar they hosted 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: Smooth onboarding|Good mobile app

Cons: Limited cryptocurrency options

I warn everyone I know

C
Courtney T.
2 months ago

I had high hopes for Versus Trade from a review site like this one, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.

Pros: Multi-currency support|Good analytical tools|Dividend tracking|Portfolio tracking tools

Cons: Some tools only available on higher tiers

Do your due diligence first

R
Richard O.
3 months ago

For anyone considering Versus Trade, please be aware that this company has been flagged by Securities Commission. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.

Cons: Appears in regulatory warnings database|Uncertain regulatory status

Zero accountability

M
Maria P.
6 months ago

The spread at Versus Trade is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them through a forum discussion and initially thought the platform was good - until I started trading seriously.

Pros: Market news feed|Automated trading options|Clean UI|Excellent charting

Cons: Website design could be more modern

Server in wrong region high latency

K
Kevin P.
7 months ago

My withdrawal from Versus Trade was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for about three months of being strung along.

Pros: Fast deposits|Dividend tracking

Cons: No integrated tax optimization

Affiliate program does not pay

T
Tyler G.
7 months ago

I have been trying to close my account with Versus Trade 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: Multi-device support|Social trading features|Fast execution|Good analytical tools

Cons: Nothing significant

Total fraud - reported to authorities

P
Paul M.
8 months ago

I invested $1,000 with Versus Trade after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Securities Commission.

Cons: Withdrawal fees demanded|Communication cut off|Not authorized

Pressure to deposit more

R
Ryan F.
9 months ago

Do not be fooled by the professional-looking website. Behind the scenes, Versus Trade is disorganized and incompetent. I found them after doing extensive research and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.

Pros: Intuitive for beginners|Personal attention

Cons: Mobile app could be improved

Email support takes 2 weeks

C
Carl N.
10 months ago

My card was charged twice by Versus Trade on the same day. I had to dispute it with my bank. Versus Trade then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.

Pros: Clean UI|Customizable dashboard|Demo account available

Cons: Research section could be deeper|None so far

Did my research - this is suspicious

A
Alice N.
12 months ago

I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Versus Trade has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.

Cons: Unauthorized firm|Found in IOSCO warnings database