VANEXFX

　　VANEX is an offshore online forex broker registered in Vanuatu, offering a broad range of trading instruments through the advanced MT5 trading platform with spreads as low as 0.1 pips, leverage up to 500:1, $0 deposit fee. Additionally, VANEX offers a bonus as high as $3,000 and 24x7 dedicated customer support to assist you in solving any problems you encounter during forex trading.

　　VANEX is the trading name of VANEX Limited, an offshore forex broker regulated by the Vanuatu Financial Service Commission (VFSC), with Regulatory License No. 41695.However, this VFSC regulatory license doesn‘t make things much better, as the offshore place is still considered a shady jurisdiction with a series of regulatory issues. Some offshore brokerages tend to evade taxes, hold information about foreign clients or other illegal data. What’s more, opening an offshore brokerage account improperly with brokers may lead you end up in a financial crisis. Therefore, traders should choose these forex brokers under strict regulations, such as FCA, CYSEC, ASIC.

　　With VANEX, traders can get access to a broad range of trading instruments, including more than 40 currency pairs, 18 metal products, and other instruments. Traders can choose from the following markets based on their trading style and appetizes:

• 　　Forex-More than 40 Currencies, Majors, Minors, EUR/USD, GBP/USD, USD/CHF, USD/JPY

• 　　Commodities-WTI Crude Oil, Brent Crude Oil, Light Sweet Crude Oil

• 　　Metals-Gold, Silver, Platinum, and more

• 　　Cryptos-Bitcoin, Ethereum

• 　　Indices-DAX, Dow Jone

　　Opening a live account on the VANEX platform is an easy and fast process. You just need to fill out some of your basic information, like your name, phone number, e-mail address. After registration, you can inject a certain amount of capital to activate your account and start to trade.

　　VANEX offers a welcome bonus plan to new clients. They give you bonus up to $200 worth of credit (non-withdrawable) just for your real account, which allows you to test its trading environment. The maximum deposit in this promotion plan is $200, and all profits earned can be withdrawn.

　　In terms of trading leverage offered, the maximum leverage level reaches up to 500:1, which is considered generous. Since offshore brokers enjoy no restrictions on leverage, they tend to offer high leverage to attract newcomers. On one hand, leverage indeed allow traders to have the chance to make a fortune, especially experienced traders. However, leverage can also cause to great losses, especially to inexperienced traders. So, we strongly recommend that inexperienced investors should take care to choose the proper leverage level based on their risk tolerance.

　　On the homepage of the VANEX official website, this broker hypes that it offers competitive spreads, as low as 0.1 pips. However, it does not specify spread on the particular instrument.

　　Inactivity Fee

　　Inactivity fees are also charged, which means if an account is defined as dormant after 90 days of inactivity, it will be subject to a $5 monthly fee.

　　When it comes to trading platforms available, VANEX offers the industry-recognized MT5 trading platform. MT5 is an independent trading platform developed for forex trading and futures products, it is one of the recognized online trading software. It can be downloaded from the VANEX website to your PC, Mobile, and Desktop. Some of the MT5s features and functionalities include the following:

• 　　Real-time graphs with zoom and fluid moment

• 　　It can be traded on different timeframes: M1, M5, M15, M30, H1, H4, and D1

• 　　Candlesticks and line chart offered

• 　　History of purchase sale transactions at any time

• 　　Easy access to financial markets from all over the world

• 　　Full account management

　　VANEX allows traders to use their demo accounts. Demo accounts allows traders to test trading environment and practice without risking your real money. However, VANEX does not disclose the amount of play money in demo accounts and the period of validity of their demo accounts.

　　VANEX does not disclosed its payment methods supported. However, from its Terms and Conditions section, we assume that available options include Credit/Debit Cards, Wire Transfer, Bitcoin and some e-wallets. The minimum withdrawal amount is probably $10, and if the request processing time is within 1 day free of charge.

　　In terms of customer support, online chat is unavailable. You can connect this brokerage though telephone at: +61 041 426 9481, and email: support@vanexfx.com. Aside from these contact methods, you can also follow this brokerage on some social media platforms like Facebook, Twitter, Youtube, Instagram and Line.