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VANEXFX

Australia|2-5 years|
Retail Forex License|MT5 Full License|Regional Brokers|Medium potential risk|Offshore Regulated|

https://vanexfx.com/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

VanexInternational-Online

United Kingdom
MT5
1

Influence

D

Influence index NO.1

Thailand 2.44

MT4/5 Identification

MT4/5 Identification

Full License

1
Server Name
VanexInternational-Online MT5
Server Location United Kingdom

Influence

Influence

D

Influence index NO.1

Thailand 2.44

Surpassed 100.00% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+61 041 426 9481
support@vanexfx.com
https://vanexfx.com/
365/26 Pattanakarn Subdistrict, Suan Luang District, Bangkok.

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+61 041 426 9481

English

+66 909723559

Broker Information

More

Company Name

Vanex Global Co., Ltd

Company Abbreviation

VANEXFX

Platform registered country and region

Australia

Company website

Pyramid scheme complaint

Expose

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WikiFX Risk Alerts
Previous Detection : 2024-04-23
  • The Vanuatu VFSC regulation with license number: 41695 is an offshore regulation. Please be aware of the risk!

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VANEXFX · Company Summary

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 contained in this article is for general information purposes only.

General Information

VANEXFX Review Summary in 10 Points
Founded 2018
Registered Country/Region Australia
Regulation No regulation
Market Instruments Forex, currency pairs, futures (OTC), precious metals, indices
Demo Account Available
Leverage 1: 500
EUR/ USD Spreads 0.1 pips
Trading Platforms MT5 platform
Minimum Deposit $0
Customer Support Phone, email, Facebook, Twitter, Instagram

What is VANEXFX?

VANEXFX is a brokerage firm that provides online trading services to retail and institutional clients. First, VANEXFX offers a range of services, primarily focused on online trading. Users can trade these assets through their online trading platform. Besides, VANEXFX provides MT5, a user-friendly and intuitive trading platform that allows clients to place trades, monitor their positions, and access real-time market data. Third, VANEXFX typically offers the Standard account for their traders. However, it has no regulations.

VANEXFX'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
• wide range of trading intruments • Not regulated
• MT5 supported • Limited educational resources
• Demo account available • Only one account provided

VANEXFX Alternative Brokers

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

  • UFX - A user-friendly trading platform and a wide range of tradable assets, making it suitable for both beginner and experienced traders.

  • BlackBull Markets - A reputable forex broker known for its low spreads, fast execution, and comprehensive trading tools, making it an excellent choice for traders seeking a reliable and feature-rich trading experience.

  • Eightcap - A trusted forex and CFD broker that provides traders with competitive spreads, fast trade execution, and a comprehensive suite of trading tools and resources.

Is VANEXFX Safe or Scam?

VANEXFX currently has no valid regulation, which means that there is no government or financial authority oversighting their operations. It makes investing with them risky.

If you are considering investing with VANEXFX, it is important to do your research thoroughly and weigh the potential risks against the potential rewards before making a decision. In general, it is recommended to invest with well-regulated brokers to ensure your funds are protected.

VFSC license

Market Instruments

VANEXFX facilitates its clients by providing a wide range of financial instruments for trading and investing including over 40 currency pairs, 18 metal instruments and CFDs, indices and futures (OTC).

  • Currency Pairs

The main currencies used in the Forex market are the euro, pound, yen, Canadian dollar, Swiss franc, and major currency pairs, which are generally divided into 4 pairs: GBP/USD, EUR/USD, USD/CHF, USD/JPY.

Besides, a minor currency pair is a match between currencies that are widely traded except the US dollar, with the base currency of a minor currency that is often paired with other currencies being EUR, JPY, GBP, but it may also be a match between other major exchanges. For example, AUD/CHF is a currency match between Australia / Switzerland or NZD/CAD, which is a currency match between New Zealand / Canada. New currency pairs consist of currency pairs with relatively little liquidity (higher spreads than major FX pairs).

Currency Pairs
  • Metals:

The company offers investors the opportunity to trade precious metals such as gold and silver. Precious metals like Gold and Silver are tradable instruments classed as a commodity, therefore making their price relatively uniform across the world. Traders tend to use precious metals as safe-haven assets which become more tradable as economic developments and political unrest cause increased volatility across other markets.

  • CFDs :

CFDs, or Contract for Difference, are a type of trading instrument that allows traders to speculate on price movements of various financial assets without owning the underlying asset.

  • Indices:

Traders can invest in global stock indices such as the S&P500, Nasdaq, DAX30, and FTSE100 through VANEFX. Indices are calculated based on the market capitalization of the component companies. A variety of factors, including commodity prices, company announcements and financial results all play an important role in determining the indexs price. Indices traders speculate on the price movements of stock Indices.

  • Futures:

Futures contracts are another popular trading instrument, commonly traded on regulated exchanges. However, an over-the-counter (OTC) futures contract refers to a futures contract that is privately negotiated between two parties, rather than being traded on an exchange.

Accounts

VANEXFX only offers the Standard account with the minimum deposit requirement of $0, which has no minimum deposit requirement. This means that anyone can open an account and start trading with VANEXFX, regardless of their trading experience or financial resources. The Standard account offers real-time market data, zero commissions, competitive spreads, leverage up to 1:500, and a demo account. While VANEXFX only offers a single account type, the Standard account offers a good range of features and benefits for most traders. However, traders who are looking for more specialized features or account types may want to consider other brokers.

Standard Account

Leverage

VANEXFX offers a maximum leverage of 1:500 to its traders. Leverage refers to the ability to control a larger position in the market with a smaller amount of capital. In the case of VANEXFX, for every unit of capital in the trader's account, they can trade up to 500 times that amount.

The high leverage means that traders can potentially amplify their profits. For example, with $1000 in their trading account, traders can enter trades as if they had $500,000. This can significantly increase the potential earnings from successful trades, as the profits are calculated based on the total position size.

However, it's important to recognize that leverage is a double-edged sword. While it can magnify profits, it also amplifies losses. If the market moves against a trader's position, the losses will also be magnified. Higher leverage increases the risk of significant capital erosion or even a complete loss of the trading account.

Spreads & Commissions

VANEXFX offers the spread from 0.1 pips for the Standard account. The spread refers to the difference between the buying (ask) and selling (bid) prices of a financial instrument. A tighter spread indicates a smaller difference, which can be favorable for traders. Lower spreads can be particularly beneficial for traders who frequently engage in short-term trading strategies or scalping, where small price movements can make a significant impact on profitability.

Besides, VANEXFX charges no commmssion. This means that traders can execute their trades without incurring any additional commission fees on top of the spreads or other trading costs.

Commission-free trading can be advantageous for traders as it helps reduce the overall trading costs, allowing them to retain more of their profits. It also makes it easier for traders to calculate their costs and potential returns, as they do not need to factor in separate commission charges.

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

Broker EUR/USD Spread Commission
VANEXFX 0.1 pips (Std) None
UFX 3 pips None
BlackBull Markets 0.2 pips None
Eightcap 0.0 pips $ 3.5 per lot

Note: The information presented in this table may be subject to change and it is always recommended to check with the broker's official website for the latest information on spreads and commissions.

Trading Platforms

VANEXFX offers MT5 for its clients. MT5 is a comprehensive trading platform that offers a wide range of features and tools to assist traders in making informed trading decisions.

The MT5 platform is known for its user-friendly interface, which makes it easy to navigate for both beginner and advanced traders. It provides access to various financial markets, including forex, stocks, commodities, and indices, allowing traders to diversify their portfolios and take advantage of different trading opportunities.

MT5

See the trading platform comparison table below:

Broker Trading Platform
VANEXFX MT5
UFX MT4, MT5
BlackBull Markets MT4, MT5
Eightcap MT5

Deposits & Withdrawals

VANEXFX provides various options for depositing and withdrawing funds, making it convenient for traders to manage their accounts. The broker accepts deposits and withdrawals through different methods, such as credit/debit cards, wire transfers, bitcoin, and select e-wallets.

VANEXFX minimum deposit vs other brokers

VANEXFX Most other
Minimum Deposit $0 $100

Customer Service

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

Telephone: +61 041 426 9481

+66 909723559

Email: support@vanexfx.com

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

Overall, VANEXFXs customer service is considered reliable and responsive, with various options available for traders to seek assistance.

Pros Cons
  • 24/7 service available
  • Live chat unavailable
  • Multiple contact channels

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

Restricted Areas

VANEX does not specify which countries it accepts traders from, but the company notes that it does not offer its services to residents of USA, Japan, Brazil and European Union. Besides, countries identified by FATF are regarded as high risk and non-cooperative jurisdictions have strategic AML/CFT deficiencies.

Conclusion

In conclusion, VANEXFX is a trading plat form that offers a range of services to its clients. The platform provides access to various financial markets, allowing traders to diversify their portfolios and capitalize on different trading opportunities. With its user-friendly interface and advanced charting tools, VANEXFXs trading platform, MT5, caters to the needs of both beginner and advanced traders.

However, VANEXFX doesnt have regulation. Therefore, traders should verify the regulatory status of VANEXFX or any broker they choose to work with to ensure compliance with industry standards and regulatory requirements.

Frequently Asked Questions (FAQs)

Q 1: Is VANEXFX regulated?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: How can I contact the customer support team at VANEXFX ?
A 2: You can contact via phone, +61 041 426 9481 and +66 90972355 and email, support@vanexfx.com.
Q 3: Does VANEXFX offer demo accounts?
A 3: Yes.
Q 4: Does VANEXFX offer the industry leading MT4 & MT5?
A 4: Yes. It supports MT5.
Q 5: What is the minimum deposit for VANEXFX?
A 5: The minimum initial deposit to open an account is $0.
Q 6: Is VANEXFX a good broker for beginners?
A 6: No. It is not a good choice for beginners because of its unregulated condition.

User Reviews

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FX1049448248
more than one year
There is so little information on the website that I cannot find much information that is important to me. So I tried to contact their customer service and not only did they take a long time, maybe 7 hours, to get back to me, but the response was not very professional. Bad first impression, I'm not going to negotiate with him.
2022-11-27 11:01
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FX1043868260
more than one year
The website shows that there are two languages to choose from, Thai and English, but the strange thing is that when you click the language switch, there is no change on the page. The whole page looks too cluttered, partly in Thai and partly in English, it's hard to understand.
2022-11-24 13:39
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A- 卍 兜兜转转
more than one year
Haven’t trade with this broker yet, its offerings seem quite good, with a maximum bonus of $3,000, 7x 24 customer support, through its demo account, trading conditions not that good like its advertisement. So I stopped, finally…
2022-11-23 18:44
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