VVS Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-10 16:57

Abstract：VVS is an unregulated brokerage firm based in the United States, established in 2005. It offers a range of financial products, including cryptocurrencies, options, spot trading, and contracts. For its clients, VVS provides a dedicated mobile application as a trading platform.

VVS Review Summary
Founded	2005
Registered Country/Region	United States
Regulation	No Regulation
Market Instruments	Cryptocurrency, Option, Spot, Contract
Demo Account	❌
Leverage	/
Spread	/
Trading Platforms	VVS app
Minimum Deposit	/
Customer Support	Live chat
Customer Support	Email: vvs@supprt.com

　　VVS is an unregulated brokerage firm based in the United States, established in 2005. It offers a range of financial products, including cryptocurrencies, options, spot trading, and contracts. For its clients, VVS provides a dedicated mobile application as a trading platform.

Pros and Cons

Pros	Cons
Multiple trading products	No regulation
App trading platform	No demo accounts
A wide range of supported languages	Lack of detailed info on trading conditions

Is VVS Legit?

　　Currently, VVS is not subject to any recognized regulatory oversight. The domain was registered on May 23, 2005, and its status is listed as “Client Transfer Prohibited.” Should you decide to use this broker, we strongly advise you to exercise extreme caution with regard to the security of your funds.

What Can I Trade on VVS?

　　On VVS, you can explore a variety of products including Cryptocurrency, Options, Spot trading, and Contracts. You also have the choice between optional services, Forex, and Perpetual contracts.

Tradable Instruments	Supported
Forex	✔
CFDs	❌
Commodities	❌
Indices	❌
Cryptocurrencies	✔
Option	✔
Spot	✔
Contract	✔
Mutual Funds	❌

Trading Platform

　　You can download their app from the Google Play Store or the Apple App Store.

Customer Service

　　VVS provides 7/24 customer support. You can contact them by email or online chat.

Contact Options	Details
Phone	❌
Email	vvs@supprt.com
Online Chat	✔
Contact Form	❌
Social Media	❌
Supported Language	English
Website Language	English, Portuguese, Russian, Spanish, Italian, German, Vietnamese, French, Turkish, Arabic, Japanese, Korean, Hindi, Indonesian, Persian, Traditional Chinese, Simplified Chinese
Physical Address	❌

The Bottom Line

　　VVS provides a diverse selection of trading instruments and caters to a multilingual audience. Nevertheless, the lack of regulatory supervision and clear information on key aspects like leverage, spreads, and minimum deposit amounts raises significant doubts about the platform's security and dependability.

FAQs

　　Is VVS good for beginners?

　　Given the lack of demo accounts and regulatory oversight, VVS is not an ideal choice for beginners.

　　Is VVS good for day trading?

　　VVS offers a variety of tradable instruments, which can be appealing to day traders, but the absence of detailed information on trading conditions and the lack of regulation make it a risky option for such active trading.

　　Is it safe to trade with VVS?

　　Trading with VVS is risky because of the lack of regulation.