Visforex Information
Visforex is a trading platform is offers a variety of tradable instruments, low trading fees, and easy deposit and withdrawal options. However, it lacks regulation, and only supports Spanish. This makes it not suitable for beginners, and its safety is not guaranteed. While it may be appropriate for experienced traders looking for diverse investment options, the absence of customer service and possible risks connected with unregulated platforms must be carefully examined.
Pros and Cons
Is Visforex Legit？
The trading entity Visforex is TRT The Real trade LTD, registered at Antiguas And Barbudas. The Colony House, No 41, Nevis Street, PO Box W916, with registration number IBA 17687.
However, its regulatory information can't been found, and it has not been regulated by other well-known regulatory authorities such as the Financial Conduct Authority (FCA) in the UK or the Australian Securities and Investments Commission (ASIC).
What Can I Trade on Visforex？
Visforex allows you to trade CFDs on stocks, cryptocurrencies and over 1,200 currency pairs, shares, indices, precious metals, energies, and commodities.
Account Type
Visforex provides a demo account and three different levels of trading accounts through Wealth Challenge, each with a different target profit, maximum pullback, daily loss limit and the number of step-by-step trading contracts. The higher the account level, the greater the target profit and risk.
Visforex Fees
The trading fees of Visforex are lower than the industry standard, but the platform will extract 30% from the trader's profit as a revenue share, which is more common in the industry.
Trading Fees
Visforex dosen't charge any commission when trading.
Non-Trading Fees
After completing the evaluation and becoming profitable traders on the platform, Visforex keeps the remaining 30%.
Trading Platform
Deposit and Withdrawal
Visforex doesn't charge a deposit or withdrawal fees. The minimum deposit is $5000.Deposit Options
Withdrawal Options
Customer Service
Visforex's customer service is very limited and only supports Spanish. At present, telephone, email, online chat or social media support is not available. The only contact channel is through the online contact form. This is a significant disadvantage for traders who need timely help.
The Bottom Line
Visforex's major benefit is that it offers a number of choices for trading that suit traders' various investing needs. At the same time, low trading fees are positive. However, its largest risk is the absence of regulation, and having only one Spanish customer service limits its user base. As a result, Visforex is better suited to traders with some trading experience, can bear high risks, and are proficient in Spanish.
FAQs
Is Visforex a safe broker to use？
Visforex is not regulated by any major financial agencies, so it can't be regarded as a safe broker.
Is Visforex good for beginners？
No, customer support provided by Visforex is limited and only supports Spanish service, so it is not suitable for beginners.
How can I contact Visforex customer support？
Visforex does not provide any phone, email, or chat support. The only way to contact them is through their online contact form.
