FX.co ★ VPFX - Broker rating, review and comments

About the company

VPFX (Ventura Prime FX) is registered in the Labuan Federal Territory in Malaysia (registration number LL16224) and the United Arab Emirates (license number 960254). The broker is regulated by the Labuan Financial Service Authority and the Dubai Economic Department.

VPFX positions itself as a multi-regulated broker. According to the company’s official website, VPFX offers clients a variety of safe payment options with zero deposit fees. The broker also runs the Refer A Friend campaign, offering an equivalent of $150 for clients inviting new people to create trading accounts.

The broker states that the client funds are held in segregated accounts in top-tier major banks.

Trading conditions

VPFX offers its clients over 500 trading instruments: currency pairs, precious metals, stocks, indexes and cryptocurrencies.

Furthermore, clients can trade with low spreads which sometimes reach 0.0 points, ensuring maximum gains.

The broker offers 3 account types: Standard, VIP, and Elite. Standard accounts have a minimum deposit of $100. 1:500 leverage, no commission fees, and spreads starting from 1.2 points. VIP accounts feature a minimum deposit of $10,000, spreads beginning from 0.7 points, and a leverage of 1:500, with other trading conditions being identical to Standard accounts. This account type is more suitable for experienced traders ready to risk large amounts of cash.

Elite accounts require a minimum deposit of $25,000, and have commission fees of $4 per lot. The leverage of Elite accounts is 1:200, and spreads start at 0.0 points. Elite clients can use all features of the VPFX trading platform.

The broker offers its services on the popular MT4 and MT5 trading platforms which can be used on several types of devices, from PCs to smartphones and tablets.

Clients can deposit funds using a bank wire transfer, a credit/debit card, or well as via several payment systems: Skrill (minimum deposit of 100 EUR) Neteller (minimum deposit of 100 EUR), and FasaPay (minimum deposit of $1000)

To make a deposit, a client needs to log in to the client area, click the Deposit Funds button, select the payment option and the amount to be deposited, and follow the service provider’s standard payment procedure.

Withdrawing funds uses the same payment options as depositing. To withdraw funds, clients should click the Withdraw Funds button in the client area, choose the option and enter the amount they wish to withdraw. VPFX ensures that the requested amount will be automatically deducted from the trading account. There are no commission fees for depositing and withdrawing funds.

Support

The broker offers 24/5 live support. Clients are required to fill in a feedback form on VPFX’s official website and submit it for processing.

VPFX’s website lists the broker’s contact information (address, phone number and e-mail) in Malaysia (Labuan F.T.), St. Vincent and the Grenadines, and the UAE.

Trader reviews

There are very few trader reviews about the company’s services on the Internet.

Pros and cons

The broker has several advantages, such as a wide range of investment products offered, low spreads, the use of industry-standard trading platforms, and no commission fees for depositing and withdrawing funds. However, VPFX’s disadvantages cannot be listed due to a lack of trader reviews online.