About VSMarkets Ltd
Who Is VS Markets?
VS Markets is the trading brand of VSMarkets Ltd, a Cyprus-registered investment firm. The company was originally established as Klips CY Ltd and was acquired by Andrey Stoychev in late 2025, subsequently rebranding to its current name. It is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) under licence number 434/23, effective from 1 August 2023. As a Cyprus Investment Firm (CIF), VSMarkets Ltd operates under MiFID II and retains cross-border permissions to provide services across the European Economic Area.
Regulatory Profile
VSMarkets Ltd holds a CySEC CIF licence, which is a recognised European regulatory framework. This licence imposes requirements including client fund segregation, participation in the Investor Compensation Fund (ICF), and adherence to capital adequacy rules. The firm's status is listed as 'Authorised' on the CySEC public register. However, the licence limits retail client leverage to 1:30, in line with ESMA restrictions. The broker has also published several policy documents on its site, including an Order Execution Policy, Complaints Handling Policy, and Risk Disclosure Notice.
Performance and Risk Score
FXCanary has assigned VS Markets a Scam Risk Score of 34 out of 100, classified as 'Guarded'. This score indicates a moderate level of risk, typical for a newly established or rebranded broker with a limited track record. While the CySEC regulation provides a baseline of protection, the score reflects the need for caution, particularly given the relatively short time since the rebranding and the lack of extensive independent user reviews.
Trading Platforms and Instruments
VS Markets offers trading via the MetaTrader 5 (MT5) platform, with account options in EUR and USD. The broker also lists a proprietary platform called 'Trader Evolution' on third-party sites, though this is not prominently featured on its own website. The firm advertises over 300 CFD instruments spanning forex, cryptocurrencies, stocks, indices, commodities, and ETFs. This broad product range is designed to appeal to both retail and professional traders seeking diversification.
Account Types and Target Audience
The broker's website lists two main account currencies (EUR and USD) for MT5, but does not specify distinct account tiers (e.g., standard, pro, Islamic) on the public pages. The firm appears to target both retail and institutional clients, with a strong emphasis on 'bespoke' and 'institutional' solutions. The registration page allows selection of country, suggesting a focus on European retail traders, but also includes Saint Vincent and the Grenadines, implying some international reach. Minimum deposit requirements are not publicly stated.
Funding and Client Protection
Specific deposit and withdrawal methods are not detailed on the broker's website. However, as a CySEC-regulated firm, client funds must be held in segregated accounts and are covered by the Investor Compensation Fund (up to €20,000 per eligible client). The broker also states a no-negative-balance policy on third-party review sites. Potential clients are advised to contact the firm directly for detailed funding information.
Corporate Background and Recent Changes
VSMarkets Ltd underwent a significant corporate change in late 2025 when it was acquired by Andrey Stoychev, CEO of VS Capital, and rebranded from Klips CY Ltd. This acquisition was approved by CySEC, and the firm retained its existing cross-border service permissions. The rebranding was covered by industry media, including Finance Magnates and LiquidityFinder, which highlighted the firm's commitment to regulation and transparency under the new ownership.
Overview compiled by FXCanary from regulatory records and public data. full VSMarkets Ltd review