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Veonco

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
Founded2019
Registered Country/RegionUnited Kingdom
RegulationNot regulated
Market InstrumentsForex, indices, commodities, stocks, precious metals, and cryptocurrencies
Demo Account/
LeverageUp to 1:200
SpreadFrom 3 pips (Classic account)
Trading PlatformMT5, web-based
Min Deposit$100
Customer SupportEmail: support@veonco.com
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 assetsInaccessible website
Four types of trading accounts to choose fromNo regulation
Popular trading platform MT5Wide 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.

no regulation.jpg
domain.PNG

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 TypeMin 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 PlatformSupported Available Devices Suitable for
Webtrader✔Web/
MT5✔Desktop, Mobile and WebExperienced traders
MT4❌/Beginners

Deposit and Withdrawal

VEONCO accepts deposits and withdrawals via the standard Visa and MasterCard, as well as bank wire.

Related broker

No Regulation
VEONCO
Company name:Veonco Group Ltd
Score
1.55
Website:http://veonco.com
5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.55

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