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WikiFX
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Login/RegisterComparision between cxc-markets, vpfx, and
Do you want to know which is the better broker between cxc-markets and vpfx?
In the following table, you can compare the functions between cxc-markets, vpfx, and side by side to determine the most suitable for your trading needs.
- Wikifx rating
- Basic Information
- Benchmark
- Account
- Wikifx rating
- Basic Information
- Benchmark
- Account
2 / 3 brokers in total
Wikifx rating
Score
Regulatory Status
WikiBit Guarantee
WikiFX Survey
Risk Evaluation
WikiFX exposure
Basic Information
Established
Regulatory license
MT4
MT5
Cryptocurrency
Deposit and withdrawal method
Benchmark
Transaction environment rating
Transaction Speed
Transaction speed rating
Average transaction speed
The fastest transaction speed
The fastest speed of opening positions
The fastest speed of closing position
Slowest transaction speed
The slowest speed of opening positions
The slowest speed of closing position
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
- Average transaction cost
- (EURUSD)
- Average transaction cost
- (XAUUSD)
Rollover Cost
Rollover cost rating
- Average transaction cost
- (EURUSD)
- Average transaction cost
- (XAUUSD)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time
Account
Accounts
Account name
Products
Funding Requirement
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum position
Cryptocurrency
Lock postition
Scalping
EA trading
1.37
No Regulatory
Under guarantee
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--
2-5 years
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
PRO-Account,STP-Account,ECN-Account
--
100$
1:500
1.8
50.00
--
0.01lots
--
5.38
Regulated
Under guarantee
--
--
--
2-5 years
LFSA
fasapay,Skrill,Neteller
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
ELITE,VIP,STANDARD
--
$25000/Equivalent
1:200
FROM 0.2
20.00
--
--
--
Which broker is more reliable?
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of cxc-markets, vpfx, and lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Forex broker introduction
cxc-markets
General Information & Regulation
CXC Markets is an offshore broker registered in Saint Vincent and the Grenadines, with its corporation information not disclosed to all. There is zero evidence that CXC Markets is subject to any regulation. Please be aware of the risk.
Markets Instruments
As per its website, CXC Markets offers trading in forex currency pairs, precious metals, crypto currency, as well as stock index CFD.
Minimum Deposit
The minimum deposit is $100 (Micro account). For the other accounts, they are $500, $1,000 and $10,000.
Leverage
The maximum trading leverage offered by CXC Markets for forex trading is up to 1:1000, which is generous. However, since leverage can amplify returns as well as potential losses, traders need to take care when using it.
Spreads & Commissions
CXC Markets advertises that its spread the EUR/USD pair start from 0.1 pips, but does not specify its detailed spread on particular instruments.
Trading Platform Available
CXC Markets offers the MetaTrader 4 trading platform and a web trader. You may know that MetaTrader 4 is one of the well reputed and popular among brokers trading platform. Its advantages consist mainly in the fact that it offers a variety of trading tools and instruments to facilitate your transactions. For example, a financial calendar, VPS, trading signals (for a subscription fee), code base with customs scripts, demo account, etc.
Deposit& Withdrawal
Payment methods available with CXC Markets is limited. CXC Markets only support its traders to fund their accounts through bank cards, and Bitwallet including Bitcoin, Litecoin and Ripple. Funding accounts through Cryptos is full of risks, once something goes wrong, you can never have a chargeback.
Customer Support
CXC Markets claims that it offers online support in 24 hours a day, 365 days a year, available in Japanese/English/French/Chinese/Korean. Other contact methods include email: support@cxcmarkets.com. No telephone number is provided.
vpfx
General Information & Regulation
VPFX is a trading name of Ventura Prime FX Limited registration number LL16224 registered in Labuan F.T., Malaysia. Ventura Prime FX Limited is regulated by the Labuan Financial Services Authority (LFSA),with registration number SD038.
Market Instruments
Besides lots of currency pairs, VPFX also offers some instruments you would like to trade on, such as Forex, Gold & silver and Indices.
VPFX Minimum Deposit
Apart from the forex demo account, VPFX offers three trading accounts including the Standard, VIP and Elite accounts. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by VPFX is up to 1:500. Meanwhile, you can open an account with a starting capital of $100.
Spreads & Commissions
Spreads from 1.2 pips in the standard account, and from 0.7pips in the VIP account, 0.2 pips in the Elite account. All three account requires no commissions.
VPFX Leverage
In terms of trading leverage, the maximum leverage ratio offered by VPFX is up to 500:1, the quite high level that inexperienced traders not advised.
Trading Platform
VPFX offers traders MetaTrader 4 and MetaTrader 5.Trading platform is a tool where traders can buy or trade an instrument with only some clicks on their device, anytime and anywhere. In addition, price chart is also usually provided with some analytical tools to help client analyze the price movement, so traders can increase their profitabiliy by placing well-planned trades.
Deposit & Withdrawal
Traders are allowed to fund their accounts through FasaPay , Neteller , Skrill and wire transfer. VPFX also provides payment with Credit/debit cards.
Customer Support
The VPFX customer support team can be reached through email, telephone, live chat, as well as some social media platfoms like Facebook, Linked In, Twitter, Instagram.
Are the transaction costs and expenses of cxc-markets, vpfx, and undefined lower?
Are the transaction costs and expenses of cxc-markets, vpfx, and lower?
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive cxc-markets and vpfx are, we first considered common fees for standard accounts. On cxc-markets, the average spread for the EUR/USD currency pair is 1.8 pips, while on vpfx the spread is FROM 0.2.
Which broker between cxc-markets, vpfx, and undefined is safer?
Which broker between cxc-markets, vpfx, and is safer?
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
cxc-markets is regulated by --. vpfx is regulated by LFSA.
Which broker between cxc-markets, vpfx, and undefined provides better trading platform?
Which broker between cxc-markets, vpfx, and provides better trading platform?
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
cxc-markets provides trading platform including PRO-Account,STP-Account,ECN-Account and trading variety including --. vpfx provides trading platform including ELITE,VIP,STANDARD and trading variety including --.
