Although VT Markets holds an Australian Securities and Investments Commission (ASIC) securities license, its foreign exchange margin business is actually "regulatory arbitrage". ASIC has clearly prohibited licensed institutions from providing leveraged foreign exchange trading to mainland China as early as 2024.

   In the "multiple supervision" claimed by VT Markets' official website, the Seychelles FSA license is only valid for securities business, and the South African FSCA license was included in the warning list as early as 2025. According to China's "Measures for the Suppression of Illegal Financial Institutions and Illegal Financial Business Activities", any institution that conducts foreign exchange margin trading in the mainland without approval is engaged in illegal business operations, and investors' rights and interests are completely unprotected.

   According to Article 30 of the "Administrative Measures for Individual Foreign Exchange", cross-border fund transfers conducted by residents within China through the VT Markets platform may be deemed as "split foreign exchange purchases" by the banking system, potentially exposing them to the risk of account freeze.