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VEONCO
United Kingdom|5-10 years| http://veonco.com
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No valid regulatory information, please be aware of the risk!
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1G
40G
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Veonco Group Ltd
VEONCO
United Kingdom
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The number of the complaints received by WikiFX have reached 26 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
WikiFX Verification
| Benchmark | -- |
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| Maximum Leverage | -- |
| Minimum Deposit | min$100,000 |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
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| Minimum Position | -- |
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| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
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| Maximum Leverage | -- |
| Minimum Deposit | min$10,000 |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
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| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
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| Maximum Leverage | -- |
| Minimum Deposit | min$3,000 |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
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| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | -- |
| Minimum Deposit | min$100 |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
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| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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VEONCO · Company Summary
Basic Information & Regulation
Veonco is an online Forex and CFD broker and is not currently subject to any effective regulation.
Safety Analysis of Veonco
The prerequisite of measuring the safety of a broker is to see if it is formally regulated.
Veonco is currently an unregulated broker, which means that clients' funds and trading activities on the Veonco platform are completely unprotected compared to those regulated by the FCA in the UK, CySEC in Cyprus, and ASIC in Australia.
Market Instruments
Veonco provides investors with access to popular financial instruments, mainly Forex currency pairs, indices, stocks, and CFDs on commodities.
Accounts & Leverage of Veonco
Veonco offers investors four different trading accounts: Classic (minimum deposit of $100), Standard (minimum deposit of $3,000), Premium (minimum deposit of $10,000), and Custom (minimum deposit of $100,000). The maximum leverage for Classic accounts is 1:200.
Spreads & Commissions
Spreads on Classic accounts start at 3 pips, which is much higher than the industry standard, while spreads and commissions on other accounts are not known at this time.
Trading Platform Available of Veonco
Veonco offers traders the most popular trading platform available, MT5, which is not as popular as MT4 but has more technical indicators and timeframes, as well as a range of powerful charting tools and Expert Advisors for automated trading.
Deposit and Withdrawal
Veonco supports traders to deposit and withdraw funds to and from their investment accounts via VISA, MasterCard, DISCOVER, PayPal.
Pros & Cons of Veonco
The main advantages of Veonco are:
1. Wide variety of trading assets
2. Four types of trading accounts to choose from
The main disadvantages of Veonco are:
1. No regulation
2. High spreads & other trading conditions not provided
3. Fewer ways to deposit and withdraw funds
4. Leverage information not provided for Standard, Premium, and Tailored accounts
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