VFX

General Information & Regulation

VFX, a trading name of VisionFX Global Investments LLC, presents itself as a multi-asset provider registered in China that claims to provide its clients with various currency pairs with variable spreads and zero commissions on the MetaTrader5 for iOS, Android, Windows and the Web trading platforms, as well as a choice of six different pricing plans. Here is the home page of this brokers official site:

As for regulation, it has been verified that VFX does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.26/10. Please be aware of the risk.

Market Instruments

VFX advertises that it offers access to a wide range of currency pairs and digital assets (cryptocurrencies).

Pricing Plans

VFX claims to offer six types of pricing plans, namely Starter, Intermediate, Advanced, Expert and Master, as well as an Islamic account. The minimum initial deposit amount is $200 for the Starter plan, while the other five pricing plans have much higher minimum initial capital requirements of $2,000, $10,000, $25,000 and $50,000 respectively, and the Islamic account has a minimum deposit amount of $250. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

Spreads & Commissions

VFX claims that different pricing plans can enjoy quite different spreads. Specifically, the Starter, Intermediate and Islamic plans have floating spreads, the Advanced plan has fixed spreads, the Expert plan has the lowest spreads and the Master plan has negotiable spreads. As for commissions, the broker says it charges zero commissions.

Trading Platform Available

Platforms available for trading at VFX are the worlds leading MetaTrader5 for iOS, Android, Windows and the Web. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

The minimum initial deposit requirement at VFX is said to be $200, while there is no mention of what the minimum withdrawal amount is. The broker says it charges no deposit fees. However, it says nothing about the acceptable deposit and withdrawal methods.

Bonuses

VFX claims to offer a deposit bonus for different pricing plans. In particular, a 50% bonus for the Starter, Intermediate and Advanced plan, 75% for the Expert plan and 80% for the Master plan, yet we cannot be sure if the bonus can be withdrawn without any limitation.

In any case, you should be very cautious if you receive a bonus. First of all, bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Remember that brokers who are regulated and legitimate do not offer bonuses to their clients.

Customer Support

VFX‘s customer support can be reached by email: support@myvisionfx.com or send messages online to get in touch. You can also follow this broker on social networks such as Twitter, Facebook, Instagram, YouTube and LinkedIn. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the company address that most brokers offer.

Risk Warning

Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.