VEONCO Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-21 17:09

Abstract：Veonco is an online Forex and CFD broker and is not currently subject to any effective regulation.

　　Note: VEONCO's official website: https://veonco.com is currently inaccessible normal.

VEONCOReview Summary
Founded	2019
Registered Country/Region	United Kingdom
Regulation	Not regulated
Market Instruments	Forex, indices, commodities, stocks, precious metals, and cryptocurrencies
Demo Account	/
Leverage	Up to 1:200
Spread	From 3 pips (Classic account)
Trading Platform	MT5, web-based
Min Deposit	$100
Customer Support	Email: support@veonco.com
Customer Support	Address: HugeDomains 2635 Walnut St. Denver, CO 80205

　　Veonco is an online Forex and CFD broker and is not currently subject to any effective regulation.

Pros and Cons

Pros	Cons
Wide variety of trading assets	Inaccessible website
Four types of trading accounts to choose from	No regulation
Popular trading platform MT5	Wide spreads
	Few ways to deposit and withdraw funds
	Only email support

Is VEONCO Legit?

　　The prerequisite of measuring the safety of a broker is to see if it is formally regulated.

　　Veonco is currently an unregulated broker, which means that clients' funds and trading activities on the Veonco platform are completely unprotected compared to those regulated well.

What Can I Trade on VEONCO?

Tradable Instruments	Supported
Forex	✔
Indices	✔
Commodities	✔
Precious metals	✔
Stocks	✔
Cryptocurrencies	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type

　　VEONCO offers four account types: Classic, Standard, Premium and Tailored.

Account Type	Min Deposit
Classic	$100
Standard	$3 000
Premium	$10 000
Tailored	$100 000

Leverage

　　The leverage of VEONCO is up to 1:200. High leverage always comes with high returns and high losses.

Spread and Commission

　　Spread on the Classic accounts starts at 3 pips, which is much higher than the industry standard, while spreads and commissions on other accounts are not known at this time.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
Webtrader	✔	Web	/
MT5	✔	Desktop, Mobile and Web	Experienced traders
MT4	❌	/	Beginners