Since VHNXs official website (https://vhnx.com/) no longer works, we had to resort to scraping together information from other sources to get a feel for the company's forex broker operations.
General Information
VHNX is an offshore forex broker, allegedly offering easy access to over 1500 trading instruments, with generous leverage up to 1:200. VHNX is owned by an offshore company called VHNX Ltd St., based in St. Vincent and the Grenadines.
VHNX is not authorized or regulated by any regulatory authorities. Please be aware of the risk.
Minimum Deposit
Assuming you're comfortable with the risk, a $250 initial deposit is all it takes to begin trading on the VHNX. Due to the lack of oversight, it is not recommended that clients work with this broker.
Leverage
When it comes to leverage, VHNX permits traders to use leverage of up to 1:200, which is significantly higher than the levels regarded appropriate by many regulators.
It is crucial for novice traders to select a level of leverage with which they feel comfortable, as too much might lead to catastrophic losses in capital.
Trading Platform
Even though VHNX claims to have a trading platform called VHNX Trader, we were unable to access it. Whatever the case may be, keep in mind that genuine, licensed brokers always provide competent trading platforms such as MetaTrader 4, MetaTrader 5, and cTrader to its clients.
Deposit & Withdrawal
For both deposits and withdrawals, the minimum amount is $250 and $50, respectively.
VHNX does not reveal the deposit and withdrawal methods it accepts for clients to make a deposit and withdrawal.
Customer Support
Traders can reach out to VHNX about any questions or concerns they may have about their accounts or their trading through the following methods:
Telephone: +18008478713
Email: services@vhnx.com
Registered Company Address: Stoney Ground Road, St. Vincent and the Grenadine
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.
