Vistabrokers Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-07-21 14:08

Abstract：Vistabrokers is a Cyprus registered online Forex and CFD broker that claims to have been created by a group of individuals with expertise in the financial markets to provide private financial businesses and retail Forex brokers with access to a variety of financial markets. Direct license, regulatory number: 190/13.

　　General Information & Regulation

　　VistaBrokers is owned and operated by the VistaBrokers CIF Ltd. Vistabrokers CIF Ltd with registration number 311445 and registered office at Flat 302, 131 Athalassas Avenue, Strovolos, 2015, Nicosia, Cyprus is an Investment Firm authorized and regulated by the Cyprus Securities and Exchange Commission (CySec) under license number [190/13]. VistaBrokers brand does not provide services to residents of the USA, Mauritius, Japan, Canada, Haiti, Suriname, the Democratic Republic of Korea, Puerto Rico, the Occupied Area of Cyprus.

　　Markets Instruments

　　Tradable financial instruments offered by VistaBrokers include Currency pairs, as well as CFDs on Commodities , Indices, and stocks. Overall, trading insruments available on the VistaBrokers platform seems average, as some popular products like metals, oils, as well as cryptocurrencies are missing.

　　VistaBrokers Minimum Deposit

　　VistaBrokers offers three types of trading accounts: the Mini (minimum deposit of $100), Standard (minimum deposit of $500), and Pro (minimum deposit of $5,000). In addition, Vista Brokers also offers free demo accounts and swap-free accounts. The initial deposit required by this broker sounds quite reasonble for most regular traders to get started.

　　 VistaBrokers Leverage

　　Trading leverage vary depending on different trading accounts. The maximum leverage level available for the Mini account is up to1: 1000, incredibly high. Traders who open a standard account can use the maximum leverage of up to 1:500. The pro Account offers the leverage of up to 1:100.

　　Spreads & Commissions

　　The minimum spread for all three accounts starts at 0.5 pips on EURUSD, but the commission charged varies. In addition to the spreads, the Mini account charges a $26 commission, the Standard account a $17 commission, and the Pro account a $9 commission. Overall, the transaction cost on the Vista Brokers platform is relatively high.

　　VistaBrokers Trading Platforms

　　Vistabrokers offers traders the popular MT4 trading platform, an internationally acclaimed trading terminal that offers a full range of trading tools and resources: more than 50 built-in technical indicators, advanced charting packages, various Expert Advisors (EAs), and a wide range of backtesting options for them. Traders can download ready-made or create their own EA and let the program do all the work.

　　Deposit & withdrawal

　　Vistabrokers supports traders to deposit and withdraw funds to their investment accounts via VISA, MasterCard, Skrill, Neteller, Alipay, China UnionPay, Maestro, Wire Transfer, DACCO.

　　Customer Support

　　In the last, the VistaBrokers customee suoport team can be reached through email, telephone,or directly visiting its office in Cyprus. Live chat support is not available, though it is regarded as the quickest way to get responded.