General Information

LINE FX is a regulated forex broker founded in 2018, with its headquarters based in Japan. As a regulated entity under the Financial Services Agency (FSA) in Japan, the broker operates with authorization and approval to provide financial services, offering clients a level of trust and security. LINE FX specializes in forex trading and provides access to 23 major currency pairs, allowing traders to capitalize on fluctuations in global exchange rates. With a commission-free trading model and leverage set at 1:25, the broker offers cost-effective and flexible trading conditions, making it appealing to traders of various experience levels.

Traders can utilize the LINE FX Pro platform on PC or the LINE FX App on mobile devices to execute trades efficiently and stay connected to the markets. The user-friendly interfaces and advanced charting tools empower traders to make well-informed decisions. Additionally, the broker offers a diverse range of order types, catering to various trading styles and strategies. Customer support is readily available through AI chat on LINE and an inquiry form on the website, ensuring timely assistance for traders. Furthermore, LINE FX's point-based reward program provides traders with an opportunity to earn LINE Points based on their trading volume, adding an extra incentive for active participation in the markets. Overall, LINE FX's regulatory status, diverse currency pairs, commission-free trading, and supportive trading platforms make it a compelling choice for forex traders seeking a reliable and rewarding trading experience.

Is LINE FX Legit？

LINE FX is regulated by the Financial Services Agency in Japan. Its current status shows that it is operating under the registration number 関東財務局長(金商)第3144号, which indicates that it has been approved and authorized to provide financial services in Japan. Being regulated by a reputable regulatory authority like the Financial Services Agency ensures that LINE FX adheres to certain standards and rules, providing a level of protection and confidence to its clients. Traders can have more peace of mind knowing that the broker operates under the oversight of a regulatory body, which helps mitigate potential risks associated with unregulated brokers.

Pros and Cons

LINE FX caters to forex traders who prioritize regulated services, diverse currency pairs, and a commission-free trading environment. However, traders with specific needs, such as cryptocurrency trading or comprehensive educational resources, may need to explore other brokerage options. The decision to choose LINE FX will depend on individual trading preferences and goals. Here's a table summarizing the pros and cons:

Market Instruments

LINE FX offers a variety of major currency pairs, providing traders with opportunities to engage in forex trading and take advantage of fluctuations in exchange rates. Traders can access a total of 23 major currency pairs, providing ample opportunities to speculate on global economic trends and fluctuations in exchange rates. Each forex pair allows users to trade in increments of 10,000 currency units, ensuring flexibility in position sizing. One notable advantage for traders is that LINE FX offers these forex trades free of transaction fees, reducing the overall cost of trading.

The offered currency pairs include major combinations like USD/JPY, EUR/USD, and GBP/USD, as well as crosses like EUR/JPY, GBP/JPY, and AUD/JPY. The inclusion of exotic pairs like ZAR/JPY, MXN/JPY, and TRY/JPY may attract traders seeking exposure to more unique and emerging market currencies.

It's worth noting that while LINE FX provides an extensive selection of forex pairs, its offerings are limited to this asset class. Traders interested in diversifying their portfolios with other financial instruments like commodities, cryptocurrencies, or stocks may need to consider alternative brokerage options that offer a broader range of trading instruments. However, for those primarily focused on forex trading, LINE FX's variety of major currency pairs and favorable trading conditions may prove advantageous.

Here is a comparison table of trading instruments offered by different brokers:

Order Types

LINE FX offers eight different order types to accommodate various trading styles and strategies. The primary order types include streaming, market, limit, and stop limit orders.

Streaming orders allow for real-time monitoring and instant execution at prevailing market prices. Market orders execute trades at the current market price, providing quick execution. Limit orders enable traders to set specific entry and exit points, executing the trade when the market reaches the specified price. Stop limit orders combine stop and limit order functionalities, triggering a limit order when a specified stop price is reached.

LINE FX also provides more advanced order types, such as One Cancels the Other (OCO) and If Done (IFD) orders. OCO orders link two orders together, canceling one if the other is executed. IFD orders are conditional orders that execute only if another order is executed first. Additionally, the IFD-OCO order type combines both IFD and OCO functionalities, allowing for multi-layered strategies. Finally, traders can use the Close All order to quickly liquidate all open positions in one action. LINE FX's diverse order types empower traders to tailor their trades according to their individual preferences and risk tolerance.

How to Open an Account？

To open an account with LINE FX, follow these steps.

1. Visit the LINE FX website and locate the “Open a Free Account Here” link.

2. Tap on the “Open a Free Account Here” link to initiate the account opening process.

3. You will be redirected to the account opening application form.

4. Complete the application form using either your smartphone or computer.

5. Make sure to use the latest version of the LINE app for a smooth experience.

6. Note that LINE FX does not accept account opening requests via postal mail, so online application is mandatory.

7. Follow the provided instructions on the application form.

8. Provide accurate and up-to-date personal information as required for the KYC (Know Your Customer) procedure.

9. Submit the application form along with any required identification documents.

10. Wait for the verification process to be completed.

11. Once your account is approved, you will receive login credentials to access your trading account.

12. Before proceeding, carefully read and understand the terms and conditions, as well as the risks associated with trading.

13. Opening an account with LINE FX gives you access to their range of trading instruments and platform features, so it's essential to have a clear understanding of their services before starting your trading journey.

Leverage

At LINE FX, the leverage offered for trading is set at 25:1. This means that to place a trade, users are required to pledge a margin of at least 4% of the total trade value for each currency pair. Leverage allows traders to control larger positions in the market with a smaller amount of capital. In this case, with a 25:1 leverage ratio, for every $1 of the trader's capital, they can control a trading position worth up to $25.

While leverage can amplify potential profits, it also increases the level of risk involved in trading. Higher leverage means higher exposure to market fluctuations, making the account more vulnerable to significant gains or losses. Traders should be cautious and use leverage responsibly, considering their risk tolerance and implementing proper risk management strategies to protect their capital.

The 25:1 leverage offered by LINE FX is in accordance with the regulations set by the financial authorities to ensure the safety and protection of traders. It is essential for traders to understand the implications of leverage and carefully manage their positions to avoid substantial losses. As always, trading with leverage carries inherent risks, and traders should thoroughly educate themselves about leverage before engaging in any trading activities.

Here is a comparison table of maximum leverage offered by different brokers:

Spreads and Commissions

LINE FX offers spreads on its trading instruments that vary across different currency pairs. Based on the provided data, spreads range from 0.2 pips to 3.9 pips. Major currency pairs like USD/JPY, EUR/USD, and GBP/USD tend to have relatively tighter spreads, which can be important for traders who prefer lower trading costs.

Additionally, LINE FX operates with a commission-free trading model. This means that traders do not have to pay extra fees per trade, which can be advantageous for those who wish to avoid additional costs in their trading activities.

It's important for traders to carefully consider the spreads and commission structure offered by LINE FX and compare it with other brokers in the market. While the absence of commissions can be appealing, traders should also weigh other factors, such as the regulatory status and the overall trading experience provided by the broker, before making their final decision.

Non-Trading Fees

LINE FX offers a transparent fee structure with no account opening fees, no trading fees, no deposit fees, and no withdrawal fees. This can be advantageous for traders as it eliminates many of the typical non-trading fees that are commonly associated with forex trading.

In addition, LINE FX does not charge any rollover fees, also known as swap fees or overnight fees. Rollover fees are usually incurred when a position is held open overnight, and they can add to the overall cost of trading. However, LINE FX provides swap points based on the interest rate differentials between the two currencies in a currency pair, and this can result in either a positive or negative swap, depending on the direction of the trade.

Furthermore, LINE FX does not impose any inactivity fees. Inactivity fees are often charged by brokers when an account remains dormant for a certain period without any trading activity. Traders at LINE FX can maintain their accounts without worrying about incurring such fees, even if they are not actively trading for an extended period.

The absence of non-trading fees at LINE FX can be appealing to traders as it allows them to focus on their trading strategies without the burden of additional charges. However, traders should still be mindful of any potential fees that may be associated with their payment methods, such as bank fees for wire transfers, as these charges are typically determined by the financial institutions involved rather than the broker itself. Overall, LINE FX provides a fee-friendly trading environment, giving traders the flexibility to manage their accounts and trades without incurring unnecessary costs.

Deposit & Withdraw Methods

To deposit funds into a LINE FX account, users can log in and access the “Deposit” option from the TOP page. However, it is important to note that users must have internet banking registration with the financial institution from which they plan to deposit. LINE FX supports deposits from several major financial institutions, including Mitsubishi UFJ Bank, Mizuho Bank, Sumitomo Mitsui Bank, Rakuten Bank, Jibun Bank, and PayPay Bank. It is crucial to ensure that the depositor's name matches the account name with LINE FX, as the platform does not accept deposits from different names. If a deposit is made from a different name, a refund process, known as “組戻し,” will be initiated, and the customer will be responsible for any associated fees. The procedure for “組戻し” needs to be performed with the sender's financial institution, and customers can inquire about the specific steps and fees involved with the bank. LINE FX requires no minimum deposit for forex trading, which sound great for new traders to get started.

As for withdrawals, users can make requests through the LINE FX platform. It is important to note that withdrawals can only be made to the registered bank account under the same name as the LINE FX account holder. Additionally, the processing time for withdrawals may vary depending on the user's bank and other relevant factors. To ensure a smooth and efficient withdrawal process, users should make sure their bank account details are correctly registered with LINE FX.

LINE FX does not charge any deposit fees, which can be advantageous for traders. However, it is essential to check with the user's financial institution to determine if they charge any fees for transferring funds to LINE FX. Keeping in mind the deposit and withdrawal methods available and the associated costs can help traders effectively manage their finances and optimize their trading activities.

Trading Platforms

LINE FX offers two trading platforms: LINE FX Pro for PC and LINE FX App for mobile devices.

LINE FX Pro is a full-featured and high-functioning trading tool designed for ease of use and efficiency on PC. Traders can access advanced charting tools, technical indicators, and analytical features to make well-informed trading decisions. The platform's user-friendly interface provides a seamless trading experience and enables traders to execute trades with precision and speed. It is a robust platform suitable for both beginner and experienced traders who prefer to trade on their desktop or laptop devices.

On the other hand, for those who prefer to trade on the go, LINE FX App is the recommended choice. The mobile app ensures traders don't miss any trading opportunities and allows for smooth forex trading with its intuitive interface. With the app, traders can monitor their positions, check real-time market prices, and execute trades from their smartphones or tablets. The app's user-friendly design ensures easy navigation and accessibility to essential trading tools, making it a convenient option for traders who want to stay connected to the markets while on the move.

Technology

LINE FX offers 11 technical indicators with configurable parameters. Streaming charts can be displayed horizontally or vertically, and users can keep the real-time charts displayed on their smartphone screen while they quickly trade with a tap of a button. If that's not enough, the service also lets users quickly pull up four charts, change currency pairs, display a different timeline, draw a trend line, and more.

Trading hours

Day sessions: 9:00 am to 11:20 am, 11:30 am to 12:20 pm, 12:30 pm to 2:50 pm Night session: 5:00 pm to 9:00 pm. ETF trading is currently limited to day sessions. Orders are not accepted on market holidays or outside of trading hours.

Customer Support

LINE FX provides customer support to ensure a seamless trading experience for its clients. Traders can access support through AI chat available on LINE (with 24-hour availability) and an inquiry form on the platform's website. The AI chat is designed to provide quick and automated responses to common inquiries and concerns, offering timely assistance at any time of the day or night.

Additionally, clients can use the inquiry form to submit more detailed or specific questions related to their trading activities. The support team is dedicated to addressing these inquiries promptly and efficiently, aiming to resolve any issues or provide the necessary information to traders.

The customer support offered by LINE FX is an essential aspect of the broker's commitment to client satisfaction and safety. By offering free support, the broker ensures that its clients can trade with confidence, knowing that they have access to assistance whenever needed.

It's important to note that while AI chat and the inquiry form provide valuable support, they may not fully replace the personalized assistance offered by a dedicated support team. Traders who require more extensive support or face complex issues may benefit from direct communication with the customer support representatives.

Trading Tools

LINE FX offers convenient trading tools, including real-time economic indicator and market news notifications. Through their official LINE FX account, users receive timely updates, allowing them to stay informed without the need to check multiple sources. Additionally, traders can easily access the FX mobile app directly from the official account, enabling them to execute trades efficiently with a user-friendly interface and real-time market data. These tools empower traders to make well-informed decisions and navigate the financial markets effectively. However, it's essential to consider other aspects of the platform, such as trading instruments and regulatory status, to ensure it meets individual trading needs.

Bonus

LINE FX offers a rewarding point program called the “LINE FX Point Program,” where traders can earn LINE Points through their forex trading activities. The program provides an opportunity for traders to receive LINE Points as a special bonus based on their monthly trading volume, particularly for trading volumes exceeding 1 million currency units.

The point program operates on a monthly basis, and on the 15th of each month, the assessment takes place to determine the point reward rate, which is influenced by the trader's cash balance. Traders who meet the specified conditions can enjoy a doubled point reward rate, making it even more attractive for those who actively engage in trading.

By participating in the LINE FX Point Program, traders can accumulate LINE Points over time, which can be used for various purposes within the LINE ecosystem. These points can potentially be redeemed for various services or products, providing an added benefit to traders beyond their regular trading activities.

The bonus program not only incentivizes active trading but also offers traders the chance to benefit from additional rewards, further enhancing their overall trading experience with LINE FX. It's important for traders to stay updated on the program's terms and conditions to make the most of the point rewards and maximize their trading benefits.

Conclusion

In conclusion, LINE FX is a regulated forex broker founded in 2018 and authorized by the Financial Services Agency (FSA) in Japan. It offers a diverse selection of 23 major currency pairs, allowing traders to engage in forex trading and capitalize on exchange rate fluctuations. With a commission-free trading model and a maximum leverage of 1:25, LINE FX provides cost-effective and flexible trading conditions. The availability of the user-friendly LINE FX Pro platform for PC and the LINE FX App for mobile devices ensures seamless trading experiences. While the broker offers a rewarding point program and reliable customer support through AI chat and an inquiry form, it lacks educational resources and does not support cryptocurrency trading. Traders should carefully consider their individual needs and preferences when choosing LINE FX as their preferred forex broker.

FAQs

Q: Is LINE FX a regulated broker？

A: Yes, LINE FX is a regulated broker authorized by the Financial Services Agency (FSA) in Japan, which means it operates under strict rules and standards to ensure client protection.

Q: What trading instruments does LINE FX offer？

A: LINE FX specializes in forex trading and offers 23 major currency pairs, allowing traders to engage in speculation based on global exchange rate fluctuations.

Q: Does LINE FX charge commissions on trades？

A: No, LINE FX operates on a commission-free trading model, which means traders are not charged any extra fees per trade.

Q: What is the maximum leverage offered by LINE FX？

A: LINE FX provides a maximum leverage of 1:25, allowing traders to control larger positions in the market with a smaller amount of capital.

Q: What trading platforms does LINE FX offer？

A: LINE FX offers two trading platforms: LINE FX Pro for PC and LINE FX App for mobile devices, providing traders with flexibility in executing trades.

What is VPFX？

VPFX is a trading name of Ventura Prime FX Limited registration number LL16224 registered in Labuan F.T., Malaysia. As an online forex broker, it delivers a comprehensive range of services to traders worldwide. VPFX provides traders with access to the highly acclaimed MT4 and MT5 platforms.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

VPFX Alternative Brokers

There are many alternative brokers to VPFX depending on the specific needs and preferences of the trader. Some popular options include:

• LIGHT FX - An innovative online brokerage that prides itself on offering competitive trading conditions, cutting-edge technology, and a user-friendly interface to empower traders of all levels.

• Trading 212 – A popular online brokerage platform that offers commission-free trading for a wide range of financial instruments, including stocks, ETFs, forex, and cryptocurrencies.

• TrioMarkets - A global forex and CFD broker offering a diverse range of trading instruments, competitive spreads, and advanced trading platforms to cater to the needs of both beginner and experienced traders.

Is VPFX Safe or Scam？

VPFX is regulated by Labuan Financial Services Authority (Labuan FSA) whose key role is to license and regulate licensed entities operating within Labuan IBFC and to ensure all such entities remain in compliance with the internal and international best standards adopted by the jurisdiction.

It is regulated by reputable authorities, has been in operation for several years, and has received positive reviews from many customers. Based on the information available, VPFX appears to be a reliable and trustworthy broker.

However, as with any investment, there is always some level of risk involved, and it is important for traders to do their own research and carefully consider their options before investing.

Market Instruments

VPFX offers a diverse range of trading instruments across various asset classes to cater to the needs of different traders.

• Forex: VPFX provides a wide selection of currency pairs for trading in the foreign exchange market. These pairs represent the exchange rates between different currencies, allowing traders to speculate on the price movements and potentially profit from the fluctuations in exchange rates.

• Precious Metals: VPFX enables trading in precious metals like gold, silver, platinum, and palladium. These metals are often considered as safe-haven assets and can act as a hedge against inflation or economic uncertainty. Traders can take advantage of the price movements in these metals by buying or selling contracts based on their anticipated direction.

• Energy: Trading energy commodities is also available on VPFX. This includes contracts for difference (CFDs) on oil and gas products like Brent crude oil, West Texas Intermediate (WTI) crude oil, natural gas, and more. Energy markets are influenced by various factors such as geopolitical events, supply and demand dynamics, and weather conditions, presenting opportunities for traders to speculate on price changes.

• Indices: VPFX provides access to a variety of global stock market indices. These indices represent a basket of stocks from specific markets or sectors and serve as an indicator of overall market performance. Traders can trade CFDs on popular indices like the S&P 500, Dow Jones Industrial Average, FTSE 100, and more, allowing them to speculate on the performance of the broader market.

• Shares: VPFX offers trading in individual company shares from various global stock exchanges. Traders can participate in the price movements of popular companies by trading CFDs on shares. This allows traders to potentially profit from both rising and falling share prices without needing to physically own the underlying stocks.

Account Types

VPFX offers three trading accounts including the Standard, VIP and Elite accounts.

VPFX also provides demo accounts for traders who want to practice and familiarize themselves with the platform before trading with real funds. Demo accounts simulate real market conditions, allowing traders to execute trades using virtual funds.

Leverage

VPFX offers traders a maximum leverage of 1:1000. Leverage is a tool that allows traders to control larger positions in the market with a smaller amount of capital. For example, with a leverage of 1:1000, a trader can control a position worth 1000 times their invested capital.

High leverage can be attractive to traders as it amplifies potential profits. With a smaller amount of capital, traders can take larger positions in the market and potentially benefit from even small price movements. This means that traders can achieve higher returns on their investments compared to trading with lower leverage.

Spreads & Commissions

VPFX offers different types of trading accounts with varying spreads and commissions to suit the preferences and needs of different traders. Here is the details of the spreads and commissions associated with each account type:

Trading Platforms

VPFX provides its clients with access to two popular and widely used trading platforms - MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are known for their comprehensive features, user-friendly interface, and advanced trading capabilities.

• MT4:

MetaTrader 4 (MT4) is a widely recognized and highly regarded trading platform in the industry. It offers a range of tools and features that cater to both beginner and experienced traders. With MT4, traders can access real-time market quotes, execute trades, and analyze market trends using various technical indicators and charting tools. MT4 also supports automated trading through the use of Expert Advisors (EAs), which allows traders to implement and backtest their own trading strategies.

• MT5

MetaTrader 5 (MT5) is an upgraded version of MT4, offering additional features and functionality. MT5 provides an extended range of technical indicators, advanced charting tools, and an economic calendar to help traders make informed trading decisions. Moreover, MT5 supports a wider range of financial instruments, including stocks and futures, in addition to the forex market. Like MT4, MT5 also supports automated trading and allows traders to develop and deploy custom trading robots and indicators.

Deposits & Withdrawals

VPFX offers multiple convenient payment options for traders to fund their trading accounts.

• FasaPay: Traders can use FasaPay, a popular online payment system, to securely transfer funds to their VPFX trading accounts. –

• Neteller: Neteller is a widely used e-commerce platform that offers a secure and convenient way to fund trading accounts. Traders can transfer funds from their Neteller accounts to their VPFX accounts with ease, providing a seamless payment experience.

• Skrill: Skrill, formerly known as Moneybookers, is another electronic payment service accepted by VPFX. It enables traders to deposit funds into their trading accounts swiftly and securely, offering an additional option for convenient and reliable payments.

• Wire Transfer: VPFX also facilitates traditional bank wire transfers for traders who prefer this method. Wire transfers allow for direct transfers from a bank account to the trader's VPFX account. While this payment method may take slightly longer for processing, it provides a secure option for larger transactions.

• Credit/Debit Cards: Additionally, VPFX supports payments through credit and debit cards. Traders can use their Visa or Mastercard to deposit funds into their trading accounts directly. Credit and debit card payments are widely accepted and offer a convenient way for traders to fund their accounts without the need for third-party payment systems.

It is noted that the withdrawal will charge different fees according to different payment methods such as $40 via bank wire transfer, 2.5% via credit/debit cards and $0.5 via fasapay.

Customer Service

VPFX offers live chat. With live chat, customers can get their questions answered quickly and receive help with any issues they may have. It's a convenient and effective communication channel that can improve customer satisfaction and increase sales.

Customers can visit their office or get in touch with customer service line using the information provided below:

Telephone: +60 154 600 0110

+971 4325 1188

+61 3 8399 9161

Email: customerservice@vpfx.net

Moreover, clients could get in touch with this broker through the social media, such as Twitter, Facebook and Instagram, YouTube.

VPFXoffers online messaging as part of their trading platform. This allows traders to communicate with customer support or other traders directly through the platform. Online messaging can be a convenient way to get real-time assistance or to engage in discussions with fellow traders.

Conclusion

In conclusion, VPFX is a regulated online forex broker that offers a wide range of services and features to cater to the diverse needs of traders worldwide. With its commitment to transparency, efficiency, and client satisfaction, VPFX provides a user-friendly platform equipped with advanced trading tools and competitive spreads.

Frequently Asked Questions (FAQs)

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.