VIPS FX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-29 18:43

Abstract：VIPS FX is a forex broker. The tradable instruments with a maximum leverage of 1:500 include indices, currency pairs, and metals. The minimum spread is from 0.1 pips and the minimum deposit is $100. VIPS FX is still risky due to its unregulated status, high leverage, and closed official website.

VIPS FXReview Summary
Founded	2-5 years
Registered Country/Region	United Kingdom
Regulation	Unregulated
Market Instruments	Indices, CurrencyPairs, and Metals
Demo Account	✔
Leverage	Up to 1:500
Spread	From 0.1 pips
Trading Platform	MT5(Windows/Android/iOS)
Min Deposit	$100
Customer Support	Phone: +971 569603127
Customer Support	Email: support@vipsfx.org

VIPS FX Information

　　VIPS FX is a forex broker. The tradable instruments with a maximum leverage of 1:500 include indices, currency pairs, and metals. The minimum spread is from 0.1 pips and the minimum deposit is $100. VIPS FX is still risky due to its unregulated status, high leverage, and closed official website.

Pros and Cons

Pros	Cons
MT5 available	Unregulated
Spread as low as 0.1 pips	Official website closed
Leverage up to 1:500
24/5 live support
Demo account available

Is VIPS FX Legit?

　　VIPS FX is not regulated, which makes it less safe than regulated brokers.

What Can I Trade on VIPS FX?

　　Traders can choose different investment directions because the broker provides indices, currency pairs, and metals.

Tradable Instruments	Supported
Currency Pairs	✔
Indices	✔
Metals	✔
Cryptocurrencies	❌
Shares	❌
ETFs	❌
Bonds	❌
Mutual Funds	❌

VIPS FX Fees

　　The spread is from 0.1 pips, and the commission is up to $15.

Leverage

　　The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.

Trading Platform

　　VIPS FX has an authoritative MT5 trading platform for Windows, Android, and iOS. Compared with MT4, experienced traders prefer MT5.

Trading Platform	Supported	Available Devices
MT5	✔	Windows/Android/iOS

Deposit and Withdrawal

　　The minimum deposit is $100. XX offers multiple deposit and withdrawal methods, including Cirrus, DISCOVER, Maestro, etc. However, due to the inaccessible official website, transfer processing times and associated fees are unknown.

Customer Support Options

　　VIPS FX provides 24/5 customer support, and traders can contact the forex broker via phone and email.

Contact Options	Details
Phone	+971 569603127
Email	support@vipsfx.org
Supported Language	English
Website Language	English
Physical Address	71-75, Shelton Street, Covent Garden, London, UnitedKingdom, wC2H9JQ