VISION GLOBAL FX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-02 19:05

Abstract：VISION GLOBAL FX presents itself as a global management consulting firm registered in the United Kingdom that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:1000 and variable spreads from 0.1 pips on the MT5 for Desktop, Android and iOS trading platforms, as well as a choice of three different live account types and 24/5 multilingual service.

　　Note: VISION GLOBAL FX' official website: https://visionglobalfx.com/ is currently inaccessible normally.

VISION GLOBAL FX Review Summary
Founded	/
Registered Country/Region	United Kingdom
Regulation	Unregulated
Market Instruments	Forex, spot precious metals, spot commodities, CFD indices pairs and cryptocurrencies
Demo Account	✔
Leverage	Up to 1:1000
Spread	From 0.1 pips
Trading Platform	MT5
Min Deposit	$10
Customer Support	24/5 multilingual service
	Live chat, contact form
	Email: support@visionglobalfx.com
	Twitter, Facebook and Instagram
	Registered Office: 61 Bridge St, Kington HR5 3DJ, UK

　　VISION GLOBAL FX presents itself as a global management consulting firm registered in the United Kingdom that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:1000 and variable spreads from 0.1 pips on the MT5 for Desktop, Android and iOS trading platforms, as well as a choice of three different live account types and 24/5 multilingual service.

　　Here is the home page of this brokers official site:

Pros and Cons

Pros	Cons
Demo accounts	Inaccessible website
Various account types	Unregulated
Flexible leverage ratios
Commission-free account offered
MT5 supported
Low minimum deposit
Multiple payment options
No deposit and withdrawal fees

Is VISION GLOBAL FX Legit?

　　No, VISION GLOBAL FX operates as an unregulated and largely anonymous website. Moreover, the Financial Conduct Authority (FCA) in the UK has already identified it as a scam. Additionally, the site fails to provide a legitimate Client Agreement, further confirming its questionable nature and suggesting that it is indeed a scam.

What Can I Trade on VISION GLOBAL FX?

　　VISION GLOBAL FX offers forex and CFDs products.

　　VISION GLOBAL FX advertises that it offers access to multiple financial products which include forex, spot precious metals, spot commodities, CFD indices pairs and cryptocurrencies.

Tradable Instruments	Supported
Forex	✔
Spot precious metals	✔
Spot commodities	✔
CFD indices	✔
Cryptocurrencies	✔
Stocks	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

　　Apart from demo accounts, VISION GLOBAL FX claims to offer three types of trading accounts, namely Classic, Pro and VIP, as well as Swap Free Account. The minimum initial deposit amount is only $10 for the Classic account, while the other two account types have much higher minimum initial capital requirements of $100 and $500 respectively.

Account Type	Min Deposit
CLASSIC	$10
PRO	$100
VIP	$500

Leverage

　　The specified leverage for different account types at VISION GLOBAL FX varies between 1:300 and 1:1000.

Account Type	Max Leverage
CLASSIC	1:1000
PRO	1:500
VIP	1:300

　　However, high leverage can lead to substantial profits, but it also carries significant risks. Use leverage cautiously to avoid excessive risk.

VISION GLOBAL FX Fees

　　VISION GLOBAL FX claims that clients on different account types have different spreads and commissions.

Account Type	Spread	Commission
CLASSIC	From 1.8 pips	❌
PRO	From 0.6 pips	$5 per lot
VIP	From 0.1 pips	$2.5 per lo

Trading Platform

　　VISION GLOBAL FX claims to provide MetaTrader 5 (MT5); however, the website offers two distinct MT5 platforms for download, neither of which is specifically configured for VISION GLOBAL FX. Moreover, the site fails to provide login credentials for MT5 after account registration.

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	Desktop, Android and iOS	Experienced traders
MT4	❌	/	Beginners

Deposit and Withdrawal

　　VISION GLOBAL FXs website states that the broker accepts deposits via Neteller, Skrill, Pay Trust, Perfect Money, Bitcoin, Visa, MasterCard, Bank Wire Transfer and Local Transfer, while withdrawal methods include these deposit methods but except for Visa and MasterCard.

　　The minimum initial deposit requirement is said to be only $10, while there is no mention of what the minimum withdrawal amount is. There are no deposit and withdrawal fees charged.

　　As for the processing time of deposit and withdrawal requests, Bank Wire Transfer and Local Transfer deposits can be processed within 1 business day, while other deposits are instant. Bank Wire Transfer and Local Transfer withdrawals are said to be processed within 1 hour, while other withdrawals are instant.