Company Profile
Company Profile
Review summary
V2FX
General Information
Registered in United Kingdom, V2FX presents itself as an STP forex broker offering clients access to a, such as Forex, Stocks & Indices through the advanced MT5 trading platform. V2FX claims that traders can use the maximum leverage up to 1:500 on its platform and 24 x/7 customer support is at hand to solve investors trading-related issues.
Is V2FX safe to trade with？
V2FX has let us down when it comes to enforcing rules and regulations. This broker has been confirmed to be outside of the purview of any regulatory bodies. Thats why its regulatory status has been classified as “No License” and it got a pretty low score of 1.67/10 on the WikiFX website.
Please be aware of the considerable risk associated with trading with an offshore, unregulated forex broker.
Market Instruments
V2FX claims that it provides diversified range of trading instruments. Five classes of trading assets can be traded, including Foreign Exchange, Cryptocurrencies, Indices, Commodities, CFD products.
Account Types
A total of six types of trading accounts are designed for both retail and professional clients on the V2FX platform, which include Standard, Professional, Premium, Emerald, Platinum and Diamond accounts. The minimum deposits ranges from $100 to as high as $25,000 depending on what types of traders you want to be.
The Standard account is suitable for beginners or traders who trade less frequently, requiring an acceptable of $100 to start, same as the requirement of open a professional account.
The minimum deposits required by another four accounts seem relatively high, with the V2 Premium account from $500, the V2 Emerald account from $5,000, the V2 Premium account from $10,000, and the V2 Diamond account from $25,000.
With so high requirements on initial deposit, it seems that V2FX is ready to extract clients deposited money at the very first.
Spreads & Commissions
Spreads and commissions are set in the end by trading accounts. V2FXs Standard, Professional, Premium, Emerald accounts offer a commission-free trading environment, accompanied by extremely wide spreads. Spreads offered by V2 Platinum and V2 Diamond accounts are relatively lower, with a commission of 3 USD and 5 USD, respectively.
Leverage
Trading leverage varies depending on trading accounts, ranging from 1:200 to 1:500, quite high, which is significantly higher than the levels regarded appropriate by many regulators. This is a common practice for offshore companies, and V2FX just engages in it to increase its client base.
Trading Platform
V2FX offers its clients the access to popular MT5 trading platform that can be available for Desktop, Mobile and Web terminals.
Traders can quickly analyze market activity, place trades, and integrate automated systems thanks to this powerful platform's convenient workspace (Expert Advisors). Everything you need to begin trading on the financial markets, including all of the above features, is available in a single, convenient interface.
Educational Resources
Aside from trading tools and the MT5 trading platform, V2FX also provides limited educational resources to help traders quickly acquaint themselves with the forex trading, which include New and Trade Ideas, Forex Trading Webinars.
Customer Support
V2FX claims to offer 24 x 7 customer support. Traders can reach out to V2FX about any questions or concerns they may have about their accounts or their trading through the following methods:
Telephone: +44 2476981024
Email: support@v2fxlive.com
Registered Company Address: 71-75 Shelton Street, London, Greater London, United Kingdom, WC2H 9JQ
Or you can follow this brokerage house on some social media platforms, such as Facebook, Twitter, Instagram, Linkedin, Youtube, etc.
Risk Warning
There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.
The information presented in this article is intended solely for reference purposes.
