Established in 2006, VPS Securities (VPS) is one of the largest securities firms in Vietnam with charter capital of VND3,500 billion (USD150 million) and total assets of over VND10,274 billion (approximately USD442 million) as of June 30, 2019. As a full-fledged securities firm, VPS provides a comprehensive set of products and services to institutions and individuals. The key business areas of VPS include: securities brokerage & trading, financial services, investment banking, finance advisory and research. With investment banking at the heart of our business, VPS provides a wide range of professional advisory services in both equity and debt capital markets, mergers and acquisitions (M&A) and corporate restructuring.
Note: The details presented in this review are subject to potential modifications due to the ongoing updates to the company's offerings and policy adjustments. Additionally, the relevance of this review's information may be influenced by the original publication date, as service details and policies may have evolved since that time. Hence, it's crucial for readers to seek out the most current information directly from the company prior to making any decisions or initiating actions based on this review. The responsibility for utilizing the information provided herein lies entirely with the individual reader.
Should there be any discrepancies between visual and written materials in this review, the written information takes precedence. Nonetheless, for a more comprehensive understanding and updated details, accessing the company's official website is highly recommended.
What is VPS？
VPS is a non-regulated broker with low trading on WikiStock. It provides a mobile app named SmartPro and a fee of 0.20% for online transactions.
Pros & Cons
Pros:Cons:
No Regulation: VPS operates without any specific regulatory oversight. This is a significant risk factor as uncertainty regarding standards adherence and investor security arises.
No Mutual Funds, Cryptos, and CFDs Trading: The broker does not support trading in mutual funds, or cryptocurrencies and CFDs, which limits investment options for clients interested in these types of assets.
Is VPS Safe？
Regulation
VPS is currently non-regulated. Trading with a non-regulated broker significantly increases the risk of fraud and may offer little to no protection to traders in the event of disputes or the broker's insolvency.
Funds Safety
VPS does not provide extra insurance for its users. In this case, the risks users encounter in investing will not be covered.
Safety Measures
So far, we haven't found any information about the security measures applied for users by VPS.
What Securities Can You Trade with VPS？
VPS offers a certain range of market instruments. These include:
Certificates of Deposit (CDs): These are timed deposits held at banks or financial institutions with a fixed interest rate and maturity date. CDs are generally considered low-risk investments.
Commercial Documents: This category includes financial instruments like commercial paper, which are short-term, unsecured promissory notes issued by corporations.
Convertible Bonds: These are corporate bonds that holders can convert into a predetermined number of the issuing companys shares.
Corporate Bonds: Debt securities issued by corporations to raise capital. Investors in corporate bonds are essentially lending money to the company in return for periodic interest payments plus the return of the bond's face value at maturity.
Government Bonds: Issued by national governments, these bonds often offer lower risk compared to corporate bonds. Investors in government bonds lend money to the government in exchange for regular interest payments.
Mortgage-Backed Securities (MBS) and Asset-Backed Securities (ABS): These are types of securities that are backed by mortgage loans or other financial assets. MBS are secured by home loans, while ABS can be backed by loans like auto loans, credit card debt, or other assets.
Preferred Shares: A type of stock that provides no voting rights but offers a fixed dividend. This security combines features of both equity and debt; dividends must be paid on preferred shares before any dividend is paid to common shareholders.
Repurchase Agreements (Repos): Short-term borrowing for dealers in government securities. In the agreement, the dealer sells the government securities to investors and agrees to repurchase them at a higher price at a later date.
Bonds with Floating Interest Rates: Unlike fixed-rate bonds, these have an interest rate that resets periodically, linked to an index such as LIBOR.
VPS Platform Review
VPS provides its web trading platform SmartOne and its mobile trading app SmartPro.
SmartOne is a web-based trading platform that provides comprehensive financial management capabilities. It allows users to access a range of investment tools and features from their web browsers, facilitating tasks such as monitoring markets, analyzing trends, and executing trades.
SmartPro, on the other hand, is the mobile app version of SmartOne, offering users the convenience of managing their investments and monitoring markets on the go. The SmartPro app provides real-time data, alerts, and the ability to execute trades directly from a smartphone or tablet.
VPS Fees Review
Online Transaction Channels: For transactions conducted through online platforms, VPS charges a fee rate of 0.20%. This rate applies to trades executed via their web-based systems or mobile applications.
Other Channels: Transactions that are carried out through traditional methods such as over-the-phone orders, in-person visits, or possibly through other non-digital means are subject to a slightly lower fee rate, with the lowest rate being around 0.15%.
Bond Trading: The fees for trading bonds can differ from those for other securities. Depending on the bond type, the fees will vary. Users can check the fee schedule VPS provides on its official website.
Customer Service
Live Chat: It allows users to talk directly with the customer support team on its official website via Live Chat.
Telephone Support: It provides support via phone line at +84 24 7308 0188, so clients can contact ... directly via phone for immediate assistance.
Fax: Besides, VPS also provides support via fax: +84 24 3974 3656.
Email Support: Its email address ishotrokhachhang@vps.com.vnwhich allows clients to send detailed queries or documents. It is suitable for non-urgent issues or when a record of the communication is needed.
Company Address: Its physical office is located at 65 Cam Hoi St., Hai Ba Trung Dist., Hanoi, Vietnam. This address can be used for official correspondence or for in-person inquiries.
Conclusion
As a broker, VPS provides a web trader and a mobile app. It lacks support for many popular securities and currently holds no regulations. We do not recommend this broker to any user.
FAQs
Is VPS regulated？
No, it is not regulated.
Is VPS safe to trade with？
No, not at all. VPS is not a regulated broker and it does not apply extra security protocols either.
Does VPS offer an app？
Yes.
If I pay via PayPal, what will be the fee rating per trade？
If you pay via PayPal, 0.20% of your transaction value will be reduced as a fee.
Risk Warning
The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.
Vietnam
Vietnam
