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Venn Prime Securities

Malaysia|2-5 years|
Straight Through Processing(STP)|White label MT5|Regional Brokers|

https://vennprime.com/en

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

8
Server Name
VennPrimeSecurities-Demo MT5
Server Location France

Contact

+60 87 410 524
info@vennprime.com
https://vennprime.com/en
Unit B, Lot 49, 1st Floor, Block F, Lazenda Warehouse 3, Jalan Ranca-Ranca, 87000, Labuan F.T. Malaysia

Licenses

VPS Standard
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Venn Prime Securities · Company Summary

Company Name Venn Prime Securities Limited
Registered in Labuan, Malaysia
Regulation Status Regulated by LFSA
Years of Establishment 2020
Trading Instruments Forex, Precious Metals, Energies, Indices, Stocks
Account Types Classic, Pro, Elite, Islamic
Minimum Initial Deposit 100 USD
Maximum Leverage 1:100
Minimum Spread 0.8 pips
Trading Platform MetaTrader 5 (MT5)
Deposit and Withdrawal Methods Wire Transfer, Neteller, Skrill, Dragonpay
Customer Service Phone, Email, Dedicated Account Manager

Overview of Venn Prime

Venn Prime Securities Limited, established in 2020 and regulated by the Labuan Financial Services Authority (LFSA) in Malaysia (License No. MB/19/0036), is a reputable financial institution headquartered in Labuan, Malaysia, operating under the trading name Venn Prime Securities.

The company specializes in offering a comprehensive range of trading services, providing access to various financial instruments such as Forex, precious metals, energies, indices, and stocks, all made available through the advanced MetaTrader 5 (MT5) trading platform. Venn Prime's regulatory compliance with LFSA underscores its commitment to maintaining industry standards, offering traders a secure and diverse platform for their investment needs.

Overview of Venn Prime

Is Venn Prime Legit or a Scam?

Venn Prime's regulatory compliance with the LFSA lends credibility to its operations. Being a regulated entity is a positive indicator of legitimacy and trustworthiness in the financial industry. However, it's essential for investors to conduct their own due diligence, read user reviews, and stay informed about any potential issues or disputes.

While Venn Prime appears legitimate based on its regulatory status, as with any financial institution, a careful assessment of their services and terms is advisable.

Is Venn Prime Legit or a Scam?

Pros and Cons

Pros Cons
Regulated by LFSA Limited information available
Diverse range of market instruments Lack of user reviews
Multiple account types Withdrawal methods unspecified
Access to MetaTrader 5 platform Unclear restricted areas
Personalized customer support
Competitive spreads
No fees for deposits/withdrawals
Dedicated account managers

Pros:

  1. Regulated by LFSA: Regulatory oversight by LFSA instills confidence in Venn Prime Securities and ensures a higher level of trust and security.

  2. Diverse Range of Market Instruments: Venn Prime's offering of various financial instruments allows traders to diversify their portfolios, which is beneficial for risk management and different trading strategies.

  3. Multiple Account Types: The availability of different account types caters to a wide range of trading styles and capital levels, making Venn Prime accessible to both beginners and experienced traders.

  4. Access to MetaTrader 5 Platform: The use of the MetaTrader 5 platform, known for its advanced tools and features, enhances the trading experience and provides access to robust technical analysis capabilities.

  5. Personalized Customer Support: The assignment of dedicated account managers to each client offers a high level of personalized assistance and guidance, improving overall customer support.

  6. Competitive Spreads: Venn Prime's competitive spreads contribute to cost-effective trading conditions, potentially increasing profitability for traders.

  7. No Fees for Deposits/Withdrawals: The absence of fees for deposits and withdrawals ensures transparent and cost-efficient transactions for clients.

Cons:

  1. Limited Information Available: The lack of comprehensive information about the broker's services can make it challenging for potential clients to thoroughly assess Venn Prime Securities.

  2. Lack of User Reviews: A scarcity of user reviews limits insights into the broker's reputation and customer experiences.

  3. Withdrawal Methods Unspecified: The absence of clear information about withdrawal methods may lead to uncertainty among clients regarding fund transfers.

  4. Unclear Restricted Areas: Venn Prime Securities does not specify the regions or countries where its trading services are restricted, leaving potential clients with ambiguity about service availability.

Market Instruments

Venn Prime Securities provides access to a diverse array of market instruments, including over 60 currency pairs, precious metals like gold and silver, global indices, energy commodities such as oil and gas, and various stocks, including prominent U.S. shares like Amazon, Apple, and Tesla.

This wide range of instruments empowers traders to diversify their portfolios and implement various trading strategies.

Account Types

Venn Prime Securities offers three distinct account types to cater to the varying needs of traders: Classic, Pro, and Elite. Each account type differs in terms of minimum deposit requirements, spreads, and the availability of swap-free trading, but they all offer a maximum leverage of 1:100.

Account Type Minimum Deposit Spreads from Swap Free Max Leverage
Classic $100 1.1 pips Yes 1:100
Pro $500 0.5 pips Yes 1:100
Elite $10,000 0.1 pips Yes 1:100

These account options provide flexibility to traders with varying levels of experience and risk tolerance.

Account Types

How to Open an Account?

Opening an account with Venn Prime Securities typically involves the following steps:

  1. Visit the Website: Navigate to the official Venn Prime Securities website.

  2. Registration: Complete the registration process by filling out the required information. This includes personal details and contact information.

Open an Account
  1. Document Verification: Submit the necessary identification and verification documents as per the broker's requirements. This step is essential to comply with regulatory standards.

Open an Account
  1. Initial Deposit: After the verification process is completed and approved, you can fund your account with the minimum deposit amount required for your chosen account type.

  2. Start Trading: Once your account is funded, you can access the trading platform and commence trading in the financial markets.

It is imperative for traders to thoroughly review the terms and conditions of the broker and understand their fee structure and trading conditions before proceeding with the account opening process.

Leverage

Venn Prime Securities offers a maximum leverage of 1:100 across all account types. Leverage enables traders to control larger positions in the market with a relatively smaller amount of capital. While it can magnify profits, it also elevates the potential for losses.

Managing leverage effectively is crucial to risk management in trading. Traders should be cautious and consider their risk tolerance when utilizing leverage, as it amplifies both gains and losses.

Spreads & Commissions

The spreads at Venn Prime Securities vary based on the chosen account type, allowing traders to select the most suitable option for their trading strategy. Here's a breakdown of the average spreads for some major currency pairs across the Classic, Pro, and Elite account types:

  • EURUSD: Classic Account offers an average spread of 12 pips, Pro Account at 10 pips, and Elite Account with the tightest spread at 8 pips.

  • GBPUSD: Classic Account presents an average spread of 15 pips, while Pro Account reduces it to 13 pips, and Elite Account offers an even lower 11 pips.

  • USDJPY: Similar to GBPUSD, Classic Account starts at 15 pips, whereas Pro Account lowers it to 13 pips, and Elite Account maintains a competitive 11 pips.

  • AUDUSD: For this pair, the Classic Account starts at 18 pips, the Pro Account at 16 pips, and the Elite Account tightens the spread to 14 pips.

  • USDCAD: Classic Account features an average spread of 18.5 pips, Pro Account at 16.5 pips, and Elite Account at 14.5 pips.

  • USDCHF: Classic Account mirrors the AUDUSD with an 18 pips average spread, Pro Account at 16 pips, and Elite Account at 14 pips.

  • NZDUSD: In the case of NZDUSD, Classic Account offers an average spread of 20.5 pips, Pro Account at 18.5 pips, and Elite Account at 16.5 pips.

Currency Pair Classic Account (Average Spread) Pro Account (Average Spread) Elite Account (Average Spread) Leverage Value of 1 Lot
EURUSD 12 pips 10 pips 8 pips Up to 1:100 100,000
GBPUSD 15 pips 13 pips 11 pips Up to 1:100 100,000
USDJPY 15 pips 13 pips 11 pips Up to 1:100 100,000
AUDUSD 18 pips 16 pips 14 pips Up to 1:100 100,000
USDCAD 18.5 pips 16.5 pips 14.5 pips Up to 1:100 100,000
USDCHF 18 pips 16 pips 14 pips Up to 1:100 100,000
NZDUSD 20.5 pips 18.5 pips 16.5 pips Up to 1:100 100,000
Spreads & Commissions

Trading Platform

Venn Prime Securities provides its clients with access to the MetaTrader 5 (MT5) trading platform. MT5 is a widely recognized and robust online Forex and CFD trading platform known for its advanced charting tools, technical analysis capabilities, and support for automated trading strategies. It is compatible with both PCs and mobile devices, offering flexibility and convenience for traders.

Trading Platform

Deposit & Withdrawal

Clients of Venn Prime Securities can deposit funds through various methods, including wire transfer, Neteller, Skrill, and dragonpay. While the exact withdrawal methods are not specified in the provided information, it's mentioned that the company does not charge clients any fees for deposits or withdrawals. Ensuring a smooth and transparent deposit and withdrawal process is essential for traders to efficiently manage their funds.

Customer Support

Venn Prime Securities offers a range of customer support options, including direct phone calls (+60 87 410 524), email (info@vennprime.com), and online contact. Additionally, each client is assigned a dedicated account manager to provide personalized assistance and guidance. This multi-channel support approach ensures that clients can reach out for help or information conveniently, enhancing the overall client experience.

Customer Support

Educational Resources

Venn Prime Securities offers a range of educational resources to empower traders with knowledge and insights into the financial markets. These resources typically encompass a comprehensive academy featuring educational articles, tutorials, and webinars to enhance traders' understanding of various trading strategies, market analysis techniques, and risk management.

Additionally, Venn Prime provides access to an economic calendar, a crucial tool for staying informed about key economic events and their potential impact on market movements. These educational resources aim to equip traders with the skills and information needed to make informed trading decisions and navigate the complexities of the financial world effectively.

Educational Resources

Conclusion

Venn Prime Securities presents itself as a regulated entity, offering a diverse range of market instruments and account types through the advanced MetaTrader 5 platform. However, limited information and user reviews may raise some concerns.

Potential clients should conduct thorough research, verify the broker's legitimacy, and carefully consider their trading needs before opening an account.

FAQs

Q: What regulatory authority oversees Venn Prime Securities?

A: Venn Prime Securities is regulated by the Labuan Financial Services Authority (LFSA) in Malaysia (License No. MB/19/0036), ensuring compliance with industry standards.

Q: How long has Venn Prime Securities been in operation?

A: Venn Prime Securities was established in 2020, providing traders with several years of experience in the financial markets.

Q: What types of trading instruments are available at Venn Prime Securities?

A: Venn Prime Securities offers a diverse range of trading instruments, including Forex, precious metals, energies, indices, and stocks.

Q: What account types are offered by Venn Prime Securities?

A: Venn Prime Securities provides traders with multiple account types, including Classic, Pro, Elite, and a swap-free Islamic Account, catering to various trading preferences.

Q: What is the maximum leverage available for traders at Venn Prime Securities?

A: Traders at Venn Prime Securities can access a maximum leverage of 1:100, allowing them to control larger positions with a relatively smaller capital.

Q: Which trading platform does Venn Prime Securities offer?

A: Venn Prime Securities offers the MetaTrader 5 (MT5) trading platform, renowned for its advanced features and flexibility for both PC and mobile trading.

Q: What deposit and withdrawal methods are supported by Venn Prime Securities?

A: Venn Prime Securities facilitates deposits and withdrawals through methods such as wire transfer, Neteller, Skrill, and dragonpay, providing convenience and flexibility for clients.

Broker Information

Company Name

Venn Prime Securities Limited

Company Abbreviation

Venn Prime Securities

Regulatory Status

Regulated

Platform registered country and region

Malaysia

Company website
Phone of the company
  • +60 87 410 524

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Company address
  • Unit B, Lot 49, 1st Floor, Block F, Lazenda Warehouse 3, Jalan Ranca-Ranca, 87000, Labuan F.T. Malaysia

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Customer Service Email Address
  • info@vennprime.com

Company Summary

User Reviews

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Comments

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Gonzalo Marques
more than one year
I am very satisfied with the transactions on Forex, and the transaction cost is relatively low. Also, the transaction execution is very fast, there is almost no difference between the time of placing an order and no delay. Also the team is very supportive in each aspects of my experience.
2023-02-08 20:08
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0
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Jason Hernandez
more than one year
A highly reliable organization offering very good spreads and highly-qualified customer service. They provide constant support throughout my trading journey.
2023-02-08 18:46
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0
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Witpay
more than one year
A wonderful company, starting with quick financing, starting the interview, quick financing, the wonderful platform, good spreads and customer service.
2022-12-11 11:49
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0
1
Abraham Santosa
more than one year
Let me share my terrible trading experience: when I traded on this platform, the spreads on some major pairs went up to 30-40 pips! It is definitely a scam! Trust me.
2022-12-06 18:32
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