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Saxo , VPFX Broker Comparison

Do you want to know which is the better broker between Saxo and VPFX ?

In the table below, you can compare the features of Saxo , VPFX side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
 2 / 3   brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Established
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed
The highest transaction speed
The highest speed of opening positions
The highest speed of closing position
Slowest transaction speed
The lowest speed of opening positions
The lowest 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 Information
Accounts
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
Saxo
8.24
Regulated
Under guarantee
Above 20 years
ASIC,FCA,FSA,SFC,AMF,CONSOB,FINMA,MAS,AMF,DFSA,ASIC
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VIP account,Classic account,Platinum account
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£1,000,000
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0.00
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VPFX
2
Suspicious Clone
Under guarantee
--
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2-5 years
LFSA
fasapay,Skrill,Neteller
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ELITE,VIP,STANDARD
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$25000/Equivalent
1:200
FROM 0.0
20.00
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Saxo BrokersRelevant information

Saxo BrokersRelevant exposure

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 saxo, vpfx 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

saxo
Saxo Review Summary in 10 Points
Founded 1992
Headquarters Hellerup, Denmark
Regulation ASIC, FCA, FSA, SFC, BDF, CONSOB, FINMA, MAS
Market Instruments Forex, stocks, futures, options, bonds, ETFs and CFDs
Demo Account Available
Leverage 1:100
EUR/USD Spread 0.4 pips
Trading Platforms SaxoInvestor, SaxoTraderGO, SaxoTraderPRO
Minimum deposit HKD10,000
Customer Support 24/5 phone, email

What is Saxo?

Saxo is a Danish investment bank founded in 1992. It provides online trading and investment services in multiple assets, including stocks, bonds, forex, options, futures, and CFDs, through its proprietary trading platforms. The bank operates in over 100 countries and has offices in major financial centers worldwide, including Copenhagen, London, Singapore, and Tokyo. Saxo Bank is regulated by several financial authorities, including the Danish Financial Supervisory Authority, the UK Financial Conduct Authority, and the Monetary Authority of Singapore. The bank also has a banking license and is a member of the Danish guarantee fund for depositors and investors.

What Type of Broker is Saxo?

Saxo is a multi-asset broker that offers access to a wide range of financial instruments, including forex, stocks, bonds, ETFs, futures, options, and more. The broker provides trading services through its advanced trading platforms and caters to both retail and institutional clients. Saxo operates as a hybrid broker, offering both direct market access (DMA) and market making services.

Saxo's website

Pros & Cons

Saxo is a well-established and reputable broker with a range of trading platforms, instruments, and research tools.

However, the broker's high fees, minimum deposit requirement, and lack of negative balance protection may not be suitable for all traders. Additionally, some users have reported poor customer service experiences.

Pros Cons
• Wide range of financial instruments available • High minimum deposit requirement
• Access to multiple markets and exchanges • Fees and commissions may be higher than competitors
• User-friendly trading platforms • Inactivity fee for dormant accounts
• Advanced trading tools and research • Limited educational resources
• Regulated by top-tier financial authorities • Limited customer support options

Overall, it is important for traders to carefully consider their own needs and preferences before choosing Saxo or any other broker.

Saxo Alternative Brokers

There are many alternative brokers to Saxo, each with their own unique features and benefits. Some popular alternatives include:

  • Interactive Brokers: A well-established broker with a wide range of trading instruments and low commissions.

  • TD Ameritrade: Offers a powerful trading platform and a variety of educational resources.

  • E*TRADE: A popular broker with a user-friendly platform and no account minimums.

  • IG: A global leader in online trading, offering a wide range of markets and advanced trading tools.

  • Plus500: A broker known for its user-friendly platform and tight spreads.

Ultimately, the best alternative broker for you will depend on your specific trading needs and preferences. It's important to research and compare different brokers to find the one that best fits your individual needs.

Is Saxo Safe or Scam?

Saxo is a legitimate and reputable broker with a long track record of providing reliable trading services. It is regulated by top-tier financial authorities such as the Financial Conduct Authority (FCA) in the UK and the Danish Financial Supervisory Authority (DFSA). Additionally, Saxo is a member of several investor protection funds, such as the Financial Services Compensation Scheme (FSCS) in the UK, which protects clients' funds up to a certain amount in case of the broker's insolvency. Therefore, based on its regulation and investor protection measures, Saxo can be considered a legitimate broker.

How are you protected?

Saxo is a regulated broker, with licenses from multiple reputable regulatory authorities and a long-standing history of providing financial services. The broker takes extensive measures to protect client funds, including segregating them from the company's assets and offering negative balance protection.

Additionally, Saxo offers various security features, such as two-factor authentication and encryption, to ensure secure trading.

More details can be found in the table below:

Security Measures Description
Regulation FSA, FINMA, FCA, ASIC, DFSA
Segregated Accounts Client funds are held in segregated bank accounts to protect them in case of insolvency.
Two-Factor Authentication As an extra layer of security for client accounts
SSL Encryption The Saxo website and platform are secured with SSL encryption to protect user data
Investor Compensation Scheme A member of the Danish Investor Compensation Scheme, which provides additional protection to clients in case of insolvency

It's important to note that while these measures provide some level of protection for clients, there is always some level of risk involved in trading financial instruments, and clients should always be aware of the risks before making any trades.

Our Conclusion on Saxo Reliability:

Based on the information available, Saxo appears to be a reliable and trustworthy broker. It is regulated by reputable authorities, has been in operation for several years. However, we also find that some users complain about their bad experience with Saxo. Take care!

Market Instruments

Saxo offers a wide range of trading instruments across multiple asset classes, including

  • Forex: More than 180 currency pairs, including majors, minors, and exotics.

  • Stocks: Over 40,000 stocks from 36 global exchanges, including NYSE, NASDAQ, LSE, and more.

  • Futures: Over 200 futures and options across a variety of asset classes such as commodities, indices, and bonds.

  • Options: A wide range of options on stocks, indices, and futures.

  • Bonds: Trade a wide range of government and corporate bonds, including sovereign bonds from developed and emerging markets.

  • ETFs and CFDs: Access to over 3,000 ETFs and CFDs on indices, commodities, and stocks.

trading asset classes

Accounts

Saxo offers a range of account types designed to suit the different needs of its clients. The account types offered by Saxo are:

  • Classic Account: A traditional account with minimum funding of HKD10,000, which offers a range of trading tools and resources.

  • Platinum Account: A premium account for high-net-worth individuals, with a minimum funding requirement of HKD 1,500,000.

  • VIP Account: An exclusive account for ultra-high-net-worth individuals, with a minimum funding requirement of HKD 8,000,000.

account types
  • Islamic Account: A Sharia-compliant account for clients who follow Islamic finance principles.

  • Corporate Account: An account for companies, partnerships, and other legal entities.

  • Joint Account: An account for two or more individuals who want to trade together.

Each account type has its own unique features and benefits, such as lower pricing, higher leverage, and dedicated account managers. Saxo also offers a free demo account for clients to practice trading before committing to a live account.

Opening an account with Saxo Bank

It takes only about five minutes and a short online form to open an account. Clients will need to submit the standard verification documents required by KYC and AML rules, but the procedure should be quick and easy, and they will have access to their account in minutes.

open an account

Leverage

Saxo offers leverage up to 1:100 for forex trading. Professional clients are entitled to leverage of 1:40 for the primary index, 1:33 for the secondary index, 1:33 for gold, 1:10 for equities, and 1:25 for commodities. Retail clients are entitled to leverage of 1:20 for the primary index, 1:10 for the secondary index, 1:20 for gold, 1:5 for equities and 1:10 for commodities.

However, the maximum leverage may vary depending on the instrument being traded and the client's location. It is important to note that trading with high leverage carries a higher level of risk, and traders should always exercise caution and use risk management strategies.

Spreads & Commissions

Saxo offers variable spreads, which means that the spreads can change depending on market conditions. The typical minimum spreads for popular instruments are as follows:

EUR/USD: 0.4 pips

USD/JPY: 0.6 pips

GBP/USD: 0.9 pips

AUD/USD: 0.6 pips

USD/CHF: 1.2 pips

USD/CAD: 1.5 pips

Saxo also charges commissions on some products, including stocks, ETFs, and futures. The commission fees vary depending on the specific market and the size of the trade. Commissions start at $3 per share for equities, as low as $0.85 per lot for commodities, and $3 per share for ETFs. Futures commissions start as low as $0.85 per lot, bonds commissions start at 0.05%, listed options commissions start as low as $1.25 per lot, and mutual funds commissions are $0 for custody and platform fees.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker EUR/USD Spread Commission per lot
Saxo 0.4 pips $3
Interactive Brokers 0.1 pips $2
TD Ameritrade 0.7 pips free
E*TRADE 1.0 pips free
IG 0.75 pips free
Plus500 0.8 pips free

Please note that commission rates may vary depending on the specific account type and trading volume. Additionally, some brokers may offer different spreads and commissions for other currency pairs or financial instruments. It's important to do your own research and carefully consider the costs and fees of each broker before making a decision.

Trading Platforms

Saxo offers its own proprietary trading platform called SaxoTraderGO. It is a web-based platform that can be accessed from any device with an internet connection. In addition to SaxoTraderGO, Saxo also offers SaxoTraderPRO, a desktop-based trading platform that is designed for advanced traders who require additional functionality.

SaxoTraderGO is highly customizable, allowing traders to arrange the interface to suit their preferences. It provides access to a wide range of trading tools and features, including charting tools, technical analysis indicators, and news feeds. The platform also includes a comprehensive range of order types, including market, limit, stop, and trailing stop orders.

SaxoTraderGO

SaxoTraderPRO is a professional-grade trading platform that offers advanced trading tools and features. It is designed for active traders and includes a range of tools that allow traders to monitor multiple markets and instruments simultaneously. The platform also includes advanced charting tools and a range of order types, including conditional orders and algorithmic trading capabilities.

SaxoTraderPRO

Saxo also offers SaxoInvestor, which is a user-friendly trading platform suitable for beginner investors who are interested in a wide range of asset classes. It provides a simple and intuitive interface with basic research tools and features, making it easy for investors to buy and sell stocks, ETFs, bonds, and mutual funds. However, advanced traders may find the platform's lack of advanced tools and customization options limiting.

SaxoInvestor

Overall, Saxo's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:

Broker Trading Platform
Saxo SaxoTraderGO, SaxoTraderPRO, SaxoInvestor
Interactive Brokers Trader Workstation, WebTrader, IBKR Mobile
TD Ameritrade Thinkorswim, Web Platform, TD Ameritrade Mobile App
E*TRADE Power E*TRADE, E*TRADE Web, E*TRADE Mobile
IG IG Trading Platform, IG Web Platform, IG Trading App
Plus500 Plus500 WebTrader, Plus500 Mobile App

Deposits & Withdrawals

Saxo Bank supports several deposit and withdrawal methods, including Visa, MasterCard, Visa Debit, Visa Electron, MasterCard Debit, Maestro (for UK residents), Visa Dankort (for Denmark residents), Carte Bleue (for France residents). The company does not charge any fees for deposits and withdrawals, but if an investor makes a withdrawal request via manual withdrawal, a processing fee of 40 EUR will be charged.

Minimum deposit requirement

Saxo has different minimum deposit requirements depending on the type of account you open and your country of residence. For example, the minimum deposit for the Classic account is HKD10,000.

However, these amounts can vary depending on your location and the specific account type. It's important to check with Saxo directly or on their website for the most up-to-date information on minimum deposit requirements.

Saxo minimum deposit vs other brokers

Saxo Most other
Minimum Deposit HKD10,000 $100

Saxo Money Withdrawal

To withdraw funds from your Saxo account, you need to follow these steps:

Step 1: Log in to your Saxo account using your credentials.

Step 2: Click on the “Account” tab located on the top right corner of the screen.

Step 3: Click on “Withdraw Funds” from the account menu options.

Step 4: Select the account you wish to withdraw funds from, enter the amount you want to withdraw, and select the currency you want to withdraw in.

Step 5: Choose the preferred withdrawal method from the available options and provide the necessary details such as bank account information or credit/debit card information.

Step 6: Review the details of your withdrawal request and click on “Submit.”

Note that Saxo may require additional verification or documentation before processing your withdrawal request. The processing time for withdrawals may vary depending on the chosen method and your bank's processing time.

Fees

Swap costs, sometimes called overnight fees, are assessed on overnight open positions at Saxo Bank. These are expressed as interest and, depending on the trader's position, might be either charged to or credited to his or her account.

Traders of the Muslim faith, for whom the payment of interest is forbidden, are out of luck with Saxo Bank because they don't have the option of opening an Islamic account. With the wide variety of deposit currencies offered by Saxo Bank, customers will have a decreased chance of incurring conversion fees.

Amounts credited to your account are converted from their original currency at the mid-point FX Spot rate plus/minus the margins and spreads indicated below. This includes both trading fees and profits/losses incurred as a result of your trading activities.

Fees for account inactivity are also a reality for inactive accounts. After the initial six months, the rate increased to $150, which is quite a bit.

See the fee comparison table below:

Broker Deposit Fee Withdrawal Fee Inactivity Fee
Saxo Free Free $150 after six months of inactivity
Interactive Brokers Free $0-$10 $20/month if account balance < $2,000
TD Ameritrade Free Free Free
E*TRADE Free $0-$25 Free
IG Free Free $18/month after 24 months of inactivity
Plus500 Free Free $10/month after 3 months of inactivity

Customer Service

Saxo provides customer support through several channels, including phone, email, and social media (Facebook, LinkedIn, Twitter and YouTube). The broker offers 24/5 customer service in multiple languages, including English, Chinese, French, German, Italian, Japanese, Portuguese, and Spanish.

social networks

Saxo also provides a comprehensive help center on its website that includes an extensive knowledge base, FAQs, trading guides, and video tutorials. The broker's customer service is generally considered to be of high quality, with knowledgeable representatives who are responsive and helpful.

FAQs
Pros Cons
• 24/5 customer service through multiple channels • No 24/7 support service
• Dedicated support for VIP clients • Phone support may have long wait times
• Extensive FAQ section on the website • No dedicated account manager for non-VIP clients
• Personalized support for complex trading needs • No local offices in some countries
• Multilingual support available for non-English users

Note: These pros and cons are subjective and may vary depending on the individual's experience with Saxo's customer service.

Education

Saxo Bank provides excellent market research in addition to a wealth of instructional resources like video courses, webinars, and events. Saxo Bank's SaxoStrats Experts group consists of eight analysts and strategists who are tasked with providing coverage of the various asset classes available to customers. It's apparent that this broker places a high value on its research team and recognizes the significance of this service, both for its clients and as a global investment bank. The classes are a wonderful way for newcomers to get their feet wet and become acquainted with the resources that are at their disposal. Videos are easy to follow and understand, helping novice traders quickly get up to speed and lay a solid groundwork from which to expand their knowledge. Saxo Bank specialists will be hosting webinars.

Conclusion

In conclusion, Saxo is a well-established broker. The broker offers a wide range of trading instruments, including forex, stocks, options, futures, and CFDs, and provides access to various markets worldwide. Saxo also offers an advanced trading platform and a user-friendly mobile app, making it easy for traders to access the markets on the go.

While Saxo has some of the highest fees in the industry, the broker's competitive spreads and tight execution make it a popular choice for traders. Additionally, Saxo's robust educational resources and customer support make it an ideal choice for traders of all skill levels who want to improve their knowledge and skills in trading.

Overall, Saxo is a multi-asset broker that offers a comprehensive suite of trading tools and services to help traders achieve their investment goals. However, potential clients should carefully consider the fees and minimum deposit requirements before opening an account. Also, dont forget check their user reviews on the Internet.

Frequently Asked Questions (FAQs)

Q 1: Is Saxo regulated?
A 1: Yes. It is regulated by ASIC, FCA, FSA, SFC, BDF, CONSOB, FINMA, MAS.
Q 2: Does Saxo offer demo accounts?
A 2: Yes.
Q 3: Does Saxo offer the industry-standard MT4 & MT5?
A 3: No. Instead, it offers SaxoInvestor, SaxoTraderGO, and SaxoTraderPRO.
Q 4: What is the minimum deposit for Saxo?
A 4: The minimum initial deposit to open an account isHKD10,000.
Q 5: Is Saxo a good broker for beginners?
A 5: Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions. Also, it offers demo accounts that allow traders to practice trading without risking any real money.
vpfx
VPFX Review Summary
Founded 2-5 years
Registered Country/Region Malaysia
Regulation LFSA
Market Instruments Forex, metals and so on
Demo Account Available
Leverage 1:1000
EUR/ USD Spreads 1.2 pips (Std)
Trading Platforms MT4, MT5
Minimum Deposit $100
Customer Support Phone, email, live chat

What is VPFX?

VPFX is a trading name of Ventura Prime FX Limited registration number LL16224 registered in Labuan F.T., Malaysia. As an online forex broker, it delivers a comprehensive range of services to traders worldwide. VPFX provides traders with access to the highly acclaimed MT4 and MT5 platforms.

VPFX's home page

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros Cons
  • Regulated by LFSA
  • Regional restrictions
  • A range of trading instruments
  • Demo accounts available
  • MT4 and MT5 supported
  • Multi-channel support to contact

VPFX Alternative Brokers

There are many alternative brokers to VPFX depending on the specific needs and preferences of the trader. Some popular options include:

  • LIGHT FX - An innovative online brokerage that prides itself on offering competitive trading conditions, cutting-edge technology, and a user-friendly interface to empower traders of all levels.

  • Trading 212 – A popular online brokerage platform that offers commission-free trading for a wide range of financial instruments, including stocks, ETFs, forex, and cryptocurrencies.

  • TrioMarkets - A global forex and CFD broker offering a diverse range of trading instruments, competitive spreads, and advanced trading platforms to cater to the needs of both beginner and experienced traders.

Is VPFX Safe or Scam?

VPFX is regulated by Labuan Financial Services Authority (Labuan FSA) whose key role is to license and regulate licensed entities operating within Labuan IBFC and to ensure all such entities remain in compliance with the internal and international best standards adopted by the jurisdiction.

regulated by FSA

It is regulated by reputable authorities, has been in operation for several years, and has received positive reviews from many customers. Based on the information available, VPFX appears to be a reliable and trustworthy broker.

However, as with any investment, there is always some level of risk involved, and it is important for traders to do their own research and carefully consider their options before investing.

Market Instruments

VPFX offers a diverse range of trading instruments across various asset classes to cater to the needs of different traders.

  • Forex: VPFX provides a wide selection of currency pairs for trading in the foreign exchange market. These pairs represent the exchange rates between different currencies, allowing traders to speculate on the price movements and potentially profit from the fluctuations in exchange rates.

  • Precious Metals: VPFX enables trading in precious metals like gold, silver, platinum, and palladium. These metals are often considered as safe-haven assets and can act as a hedge against inflation or economic uncertainty. Traders can take advantage of the price movements in these metals by buying or selling contracts based on their anticipated direction.

  • Energy: Trading energy commodities is also available on VPFX. This includes contracts for difference (CFDs) on oil and gas products like Brent crude oil, West Texas Intermediate (WTI) crude oil, natural gas, and more. Energy markets are influenced by various factors such as geopolitical events, supply and demand dynamics, and weather conditions, presenting opportunities for traders to speculate on price changes.

  • Indices: VPFX provides access to a variety of global stock market indices. These indices represent a basket of stocks from specific markets or sectors and serve as an indicator of overall market performance. Traders can trade CFDs on popular indices like the S&P 500, Dow Jones Industrial Average, FTSE 100, and more, allowing them to speculate on the performance of the broader market.

  • Shares: VPFX offers trading in individual company shares from various global stock exchanges. Traders can participate in the price movements of popular companies by trading CFDs on shares. This allows traders to potentially profit from both rising and falling share prices without needing to physically own the underlying stocks.

Account Types

VPFX offers three trading accounts including the Standard, VIP and Elite accounts.

Account Types Standard VIP Elite
MINIMUM DEPOSITS $100 $1,000 $25,000
BASE CURRENCY USD/EUR/GBP
EXECUTION MARKET
TRADING PLATFORMS MT4 / MT5
MARGIN CALL 50%

VPFX also provides demo accounts for traders who want to practice and familiarize themselves with the platform before trading with real funds. Demo accounts simulate real market conditions, allowing traders to execute trades using virtual funds.

Account Types

Leverage

VPFX offers traders a maximum leverage of 1:1000. Leverage is a tool that allows traders to control larger positions in the market with a smaller amount of capital. For example, with a leverage of 1:1000, a trader can control a position worth 1000 times their invested capital.

High leverage can be attractive to traders as it amplifies potential profits. With a smaller amount of capital, traders can take larger positions in the market and potentially benefit from even small price movements. This means that traders can achieve higher returns on their investments compared to trading with lower leverage.

Spreads & Commissions

VPFX offers different types of trading accounts with varying spreads and commissions to suit the preferences and needs of different traders. Here is the details of the spreads and commissions associated with each account type:

Account Type Spreads Commissions
Standard 1.2 pips No commission
VIP 0.7 pips No commission
Elite 0.0 pips $4 per lot

Trading Platforms

VPFX provides its clients with access to two popular and widely used trading platforms - MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are known for their comprehensive features, user-friendly interface, and advanced trading capabilities.

  • MT4:

MetaTrader 4 (MT4) is a widely recognized and highly regarded trading platform in the industry. It offers a range of tools and features that cater to both beginner and experienced traders. With MT4, traders can access real-time market quotes, execute trades, and analyze market trends using various technical indicators and charting tools. MT4 also supports automated trading through the use of Expert Advisors (EAs), which allows traders to implement and backtest their own trading strategies.

MT4
  • MT5

MetaTrader 5 (MT5) is an upgraded version of MT4, offering additional features and functionality. MT5 provides an extended range of technical indicators, advanced charting tools, and an economic calendar to help traders make informed trading decisions. Moreover, MT5 supports a wider range of financial instruments, including stocks and futures, in addition to the forex market. Like MT4, MT5 also supports automated trading and allows traders to develop and deploy custom trading robots and indicators.

MT5

Deposits & Withdrawals

VPFX offers multiple convenient payment options for traders to fund their trading accounts.

  • FasaPay: Traders can use FasaPay, a popular online payment system, to securely transfer funds to their VPFX trading accounts. –

  • Neteller: Neteller is a widely used e-commerce platform that offers a secure and convenient way to fund trading accounts. Traders can transfer funds from their Neteller accounts to their VPFX accounts with ease, providing a seamless payment experience.

  • Skrill: Skrill, formerly known as Moneybookers, is another electronic payment service accepted by VPFX. It enables traders to deposit funds into their trading accounts swiftly and securely, offering an additional option for convenient and reliable payments.

  • Wire Transfer: VPFX also facilitates traditional bank wire transfers for traders who prefer this method. Wire transfers allow for direct transfers from a bank account to the trader's VPFX account. While this payment method may take slightly longer for processing, it provides a secure option for larger transactions.

  • Credit/Debit Cards: Additionally, VPFX supports payments through credit and debit cards. Traders can use their Visa or Mastercard to deposit funds into their trading accounts directly. Credit and debit card payments are widely accepted and offer a convenient way for traders to fund their accounts without the need for third-party payment systems.

payment options

It is noted that the withdrawal will charge different fees according to different payment methods such as $40 via bank wire transfer, 2.5% via credit/debit cards and $0.5 via fasapay.

Customer Service

VPFX offers live chat. With live chat, customers can get their questions answered quickly and receive help with any issues they may have. It's a convenient and effective communication channel that can improve customer satisfaction and increase sales.

Customers can visit their office or get in touch with customer service line using the information provided below:

Telephone: +60 154 600 0110

+971 4325 1188

+61 3 8399 9161

Email: customerservice@vpfx.net

Moreover, clients could get in touch with this broker through the social media, such as Twitter, Facebook and Instagram, YouTube.

VPFXoffers online messaging as part of their trading platform. This allows traders to communicate with customer support or other traders directly through the platform. Online messaging can be a convenient way to get real-time assistance or to engage in discussions with fellow traders.

online messaging

Conclusion

In conclusion, VPFX is a regulated online forex broker that offers a wide range of services and features to cater to the diverse needs of traders worldwide. With its commitment to transparency, efficiency, and client satisfaction, VPFX provides a user-friendly platform equipped with advanced trading tools and competitive spreads.

Frequently Asked Questions (FAQs)

Q 1: Is VPFX regulated?
A 1: Yes. It is regulated by LFSA.
Q 2: How can I contact the customer support team at VPFX?
A 2: You can contact via phone, +60 154 600 0110, +971 4325 1188 and +61 3 8399 9161 and email, customerservice@vpfx.net.
Q 3: Does VPFX offer demo accounts?
A 3: Yes.
Q 4: Does VPFX offer the industry leading MT4 & MT5?
A 4: Yes. It offers MT4 and MT5.
Q 5: What is the minimum deposit for VPFX?
A 5: The minimum initial deposit to open an account is $100.
Q 6: Is VPFX a good broker for beginners?
A 6: Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 and MT5 platforms. Also, it offers demo accounts that allow traders to practice trading without risking any real money.
Q 7: At VPFX, are there any regional restrictions for traders?
A 7: Yes. Ventura Prime FX Limited does not offer its services to the residents of certain jurisdictions such as Afghanistan, Cote dIvoire, Cuba, Iran, Libya, Myanmar, North Korea, Sudan, Puerto Rico, USA, Syria, and Yemen.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Are the transaction costs and expenses of saxo, vpfx 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 saxo and vpfx are, we first considered common fees for standard accounts. On saxo, the average spread for the EUR/USD currency pair is -- pips, while on vpfx the spread is FROM 0.0.

Which broker between saxo, vpfx 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.

saxo is regulated by ASIC,FCA,FSA,SFC,AMF,CONSOB,FINMA,MAS,AMF,DFSA,ASIC. vpfx is regulated by LFSA.

Which broker between saxo, vpfx 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.

saxo provides trading platform including VIP account,Classic account,Platinum account and trading variety including --. vpfx provides trading platform including ELITE,VIP,STANDARD and trading variety including --.

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