The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!
Risk Management Index
National Futures Association (NFA) is the industrywide, self-regulatory organization for the U.S. derivatives industry, providing innovative and effective regulatory programs. Designated by the CFTC as a registered futures association, NFA strives every day to safeguard the integrity of the derivatives markets, protect investors and ensure Members meet their regulatory responsibilities.
License Type:Common Financial Service License
Regulated in Country/AreaUnited States
Regulatory License No.：0522374
Email Address of Licensed Institution :--
License Type:No Sharing
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :--
Phone Number of Licensed Institution :--
Most visited countries/areas
The data are from WIKI Research 2021.05.06 updated
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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.
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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Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
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