VIPS FX

For now, since VIPS FXs official website (https://www.vipsfx.org/) is temporarily down, we could only piece this brokerage house by gathering some relevant information from other websites.

General Information

VIPS FX is an online forex broker registered in the United Arab Emirates, allegedly offering its clients access to more than 175 trading instruments through the leading MT5 trading platform, offering leverage up to 1:500.

However, please note that, according to WikiFX, VIPS FX is not authorized or regulated by any regulatory authorities. Although this alone, does not mean that this brokerage is a scam, investors are advised to take extra vigilance before trading with this brokerage.

Minimum Deposit

Although the minimum deposit to trade with VIPS FX is acceptable $100, given the fact that this broker is an unregulated one, investors should take care to trade with it.

Leverage

The maximum trading leverage offered by VIPS FX is up to 1:500, which is considered generous. Since this brokerage is not regulated by any regulatory authority, it tries to use high leverage to attract newcomers due to no restriction on leverage. High leverage is typically preferred by scalpers and professional traders, as it presents more trading flexibility. However, since leverage can amplify gains as well as losses, inexperienced traders are advised to choose the proper amount that they feel most at ease.

Spreads

Spread is not disclosed on the VIPS FXs official website.

Trading Platform

VIPS FX offers its clients access to the leading MT5 trading platform, which is one of the most popular trading platforms around the world. MT5 trading platform features multiple technical indicators, and powerful charting tools, enabling traders to access automated trading through EA (Expert advisors).

Customer Support

For any inquiries, traders can get access to VIPS FXs customer service through the following channels:

Email: support@vipsfx.org

Telephone: +971 569603127

Company Address: 71-75, Shelton Street, Covent Garden, London, United Kingdom, WC2H9JQ

Please note that the information contained in this introduction is for general information purposes only.