VIPS FX
Abstract：VIPS FX is a forex broker. The tradable instruments with a maximum leverage of 1:500 include indices, currency pairs, and metals. The minimum spread is from 0.1 pips and the minimum deposit is $100. VIPS FX is still risky due to its unregulated status, high leverage, and closed official website.
| VIPS FXReview Summary | |
| Founded | 2-5 years |
| Registered Country/Region | United Kingdom |
| Regulation | Unregulated |
| Market Instruments | Indices, CurrencyPairs, and Metals |
| Demo Account | ✔ |
| Leverage | Up to 1:500 |
| Spread | From 0.1 pips |
| Trading Platform | MT5(Windows/Android/iOS) |
| Min Deposit | $100 |
| Customer Support | Phone: +971 569603127 |
| Email: support@vipsfx.org | |
VIPS FX Information
VIPS FX is a forex broker. The tradable instruments with a maximum leverage of 1:500 include indices, currency pairs, and metals. The minimum spread is from 0.1 pips and the minimum deposit is $100. VIPS FX is still risky due to its unregulated status, high leverage, and closed official website.
Pros and Cons
| Pros | Cons |
| MT5 available | Unregulated |
| Spread as low as 0.1 pips | Official website closed |
| Leverage up to 1:500 | |
| 24/5 live support | |
| Demo account available |
Is VIPS FX Legit?
VIPS FX is not regulated, which makes it less safe than regulated brokers.
What Can I Trade on VIPS FX?
Traders can choose different investment directions because the broker provides indices, currency pairs, and metals.
| Tradable Instruments | Supported |
| Currency Pairs | ✔ |
| Indices | ✔ |
| Metals | ✔ |
| Cryptocurrencies | ❌ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
VIPS FX Fees
The spread is from 0.1 pips, and the commission is up to $15.
Leverage
The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.
Trading Platform
VIPS FX has an authoritative MT5 trading platform for Windows, Android, and iOS. Compared with MT4, experienced traders prefer MT5.
| Trading Platform | Supported | Available Devices |
| MT5 | ✔ | Windows/Android/iOS |
Deposit and Withdrawal
The minimum deposit is $100. XX offers multiple deposit and withdrawal methods, including Cirrus, DISCOVER, Maestro, etc. However, due to the inaccessible official website, transfer processing times and associated fees are unknown.
Customer Support Options
VIPS FX provides 24/5 customer support, and traders can contact the forex broker via phone and email.
| Contact Options | Details |
| Phone | +971 569603127 |
| support@vipsfx.org | |
| Supported Language | English |
| Website Language | English |
| Physical Address | 71-75, Shelton Street, Covent Garden, London, UnitedKingdom, wC2H9JQ |
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