Review summary
VP TRADE operates under the entity Nova Capital Ltd and is registered in Comoros, an offshore jurisdiction frequently flagged for limited financial transparency. The broker has a very brief operational history of 1-2 years. According to WikiFX data, the entity holds no verified regulatory licenses for forex trading; both a claimed South African FSCA license and a Comoros (AOFA) license are listed with an 'Unverified' status, which carries significant implications for investor protection. Trading conditions cater to a wide range of clients, offering accounts from a $250 minimum deposit on its Basic account with leverage up to 1:200, to high-tier VIP accounts requiring a $100,000 entry for spreads from 0.6 and leverage up to 1:500. All listed account types support scalping and Expert Advisors (EAs). The WikiFX Score of 1.28 reflects a high-risk profile, primarily driven by the complete absence of verified regulatory oversight and its operational base in a jurisdiction associated with elevated compliance risk. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-05-01)
