GLOVICE VC Spreads, leverage, minimum deposit Revealed

GLOVICE VC Information

　　Financial services company GLOVICE VC provides access to the MetaTrader 4 (MT4) platform and Forex trading with leverage up to 1:500. Despite offering demo accounts, the platform is unregulated and other trading instruments are still marked as “Coming Soon,” which casts doubt on its entire legitimacy and product offerings.

Pros and Cons

Is GLOVICE VC Legit?

　　A registered company in Saint Vincent and the Grenadines, GLOVICE VC is unregulated. The FCA (UK) and ASIC (Australia) licenses are also missing. Its unregulated services create safety and legitimacy problems.

　　The domain kj-glovicevc.com was registered on January 9, 2020, is active with a status of “OK,” and will expire on January 9, 2027.

What Can I Trade on GLOVICE VC?

　　GLOVICE VC currently offers Forex trading, while other instruments such as Commodities, Indices, Metals, and Energies are marked as “Coming Soon.”

Account Types

　　GLOVICE VC offers two live account types—Standard Account (spreads from 1.0, contract size 100,000) for experienced traders and Micro Account (spreads from 1.5, contract size 1,000) for beginners. Both require a $5 minimum deposit, leverage up to 500:1, and support 60 currency pairs. A demo account is available, but no Islamic account is offered.

Leverage

　　With leverage of up to 500:1, GLOVICE VC enables traders to manage larger holdings with a modest initial outlay. High leverage raises the possibility of huge losses even while it can boost possible earnings, therefore risk management is essential for leveraged trading.

GLOVICE VC Fees

　　GLOVICE VC's fees are consistent with industry standards, with spreads starting from 1.0 pips for the Standard Account and 1.5 pips for the Micro Account. Both account types have no commission charges.

Trading Platform

Deposit and Withdrawal

　　GLOVICE VC has not explicitly stated whether deposit or withdrawal fees apply. The minimum deposit is $5.