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+995 0322 47 22 22
Georgia, city Tbilisi, Mtatsminda district, Kostava street, N 36; City Tbilisi, Melikishvili street, N1


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Previous Detection : 2024-04-23
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VIP TRADE · Company Summary

VIPTRADE Basic Information
Company Name VIPTRADE
Founded 2016
Headquarters Georgia
Regulations No regulation
Tradable Assets Forex, Commodities, Indexs, Cryptocurrencies, Shares, and Metals
Account Types Islamic, Micro, Pro, and VIP
Minimum Deposit $250
Maximum Leverage Up to 1:500 for Forex Trading, Up to 1:100 for Indices, Commodities, and Shares
Deposit & Withdrawal Bank Transfers, Credit/Debit Cards, Electronic Wallets, Cryptocurrencies
Trading Platforms MetaTrader 4 (MT4), MetaTrader 5 (MT5)
Customer Support 24/5 multilingual customer support through Phone, Email, and Live Chat
Education Resources Trading Guides, Video Tutorials, Webinars, Community Support
Bonus Offerings None

General Information

VIPTRADE is a forex brokerage firm founded in 2016 and based in Tbilisi, Georgia. The company provides trading services in forex, shares, indices, and commodities, offering multiple account types with varying features. VIPTRADE uses the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for trading, available to clients who deposit a minimum of $250 and leverage of up to 1:500. To fund and withdraw from accounts, VIPTRADE offers payment options such as bank transfers, credit/debit cards, electronic wallets, and cryptocurrencies.


In addition to trading services, VIPTRADE provides educational resources such as articles, videos, tutorials, and community support. Multilingual customer service is available 24/5 via phone, email, and live chat.

Pros and Cons

VIPTRADE offers multiple account types with different features, providing flexibility for traders. The platform supports the popular MT4 and MT5 platforms, ensuring a reliable and familiar trading experience. There are multiple payment options available, making it convenient for account funding and withdrawals. Additionally, VIPTRADE provides competitive maximum leverage of 1:500 and offers negative balance protection for all account types.

However, VIPTRADE has a limited range of educational resources, which may hinder comprehensive learning and skill development. The selection of trading instruments is also limited compared to some competitors, which may restrict trading opportunities. Furthermore, VIPTRADE does not offer fixed spread accounts, and an inactivity fee is charged after two calendar months of inactivity. Additionally, there may be limited availability in certain countries.

Pros Cons
Multiple account types with different features Limited range of educational resources
Popular MT4&MT5 platform for trading Limited trading instruments compared to some competitors
Multiple payment options for easy account funding and withdrawals No fixed spread accounts
Competitive maximum leverage of 1:500 Inactivity fee charged after two calendar months of inactivity
Negative balance protection for all account types Limited availability in certain countries

Market Instruments

VIPTRADE tries to provide variety in its services and products. This is yet evident in how many trading instruments they can offer to the consumer. There are six distinctive asset types that one can start trading with, which are the following:

  • Forex: 47 CFDs on currency pairs

  • ETFs: 380+ ETF CFDs, plus hundreds of ETFs available through MT5

  • Cryptocurrencies: CFDs on Bitcoin, Dash, Ether, Litecoin, Monero and more

  • Shares: 3000+ Share CFDs, as well as the ability to invest in thousands of shares

  • Commodities: CFDs on metals, energies and agriculture commodities

  • Indexes: 20 Index CFDs, including CFDs and Index Futures

  • Metals: Gold and silver

Pros Cons
The diverse range of trading instruments including forex, shares, indices, and commodities A limited selection of exotic currency pairs
Multiple account types to suit different trading needs Limited cryptocurrency assets compared to some competitors
Competitive maximum leverage of 1:500 Overnight swap fees can be high on certain assets

Account Types

VIPTRADE offers a range of live trading accounts, including Micro, Pro, VIP, and ISLAMIC accounts, in addition to demo accounts. The Micro account requires a minimum initial deposit of $500, while the Pro and VIP accounts have minimum initial capital requirements of $5,000 and $30,000 respectively. It's important to note that demo accounts will be deactivated after 180 days, and MT5 demo accounts have a maximum limit of 70 open positions. For ISLAMIC accounts, also known as swap-free accounts, certain fees may apply if trades on specific instruments are held open for a designated number of days.


How to Open an Account?

Opening an account with VIPTRADE is a simple process that can be completed in just a few steps.

1. Visit the broker's website and click on the “Start Trading”button.


2. On the registration page, you will find a form that requires some essential information. Provide the requested details accurately and ensure all fields are completed. The information typically includes your full name, email address, phone number, and country of residence.


3. After filling out the registration form and agreeing to the terms and conditions, click on the “Registration” button to proceed. You may be required to verify your email address by clicking on a verification link sent to your provided email.

4. Once you have registered and verified your email address, you may need to provide additional information to complete the account setup process. This may include personal identification documents and proof of address, as required by VIPTRADE's regulatory guidelines.

5. Once your account is fully set up, you can proceed to fund it with the required minimum deposit. VIPTRADE offers various payment methods, including bank transfers, credit/debit cards, and electronic wallets. Choose the payment option that suits you best and follow the instructions provided.

After successfully funding your account, you can log in to the VIPTRADE platform using your account credentials. Explore the trading tools, features, and available financial instruments to start trading.

Remember, if you are new to trading or want to test your strategies, you can utilize the demo account mentioned earlier to familiarize yourself with the platform before committing to real funds.


Various financial instruments offered by VIPTRADE have different maximum leverage ratios. For example, the maximum leverage is set at 1:500 for forex and spot indices major, 1:100 for gold, spot indices minor, energy spot, and energy futures. For Platinum, future indices, and commodity futures, the maximum leverage is 1:50, while for shares it is 1:25. Cryptocurrencies have a maximum leverage of 1:10, and silver has a leverage ratio of 1:2. It's important to note that while leverage can amplify gains, it can also increase losses, so inexperienced traders are advised to exercise caution when using high leverage ratios.


Here's a table comparing the maximum leverage offered by VIPTRADE and some of its competitors:

Broker Forex Majors & Gold Forex Minors & Exotics Futures Spot & Futures Energy Indices & Metals Stocks & ETFs Cryptocurrencies
VIPTRADE 1:500 1:100 1:500 1:100 1:25 1:10
IC Markets 1:500 1:500 1:200 1:100 1:20 1:05
Exness 1:2000 1:2000 1:200 1:200 1:20 1:02
FP Markets 1:500 1:500 1:100 1:100 1:20 1:05
FBS 1:3000 1:3000 1:100 1:500 1:20 1:03

Spreads and Commissions (Trading Fees)

The spreads offered by VIPTRADE vary depending on the account type. The Micro account provides a minimum spread of 4.2 pips for EUR/USD, GBP/USD, USD/JPY, USD/CHF, and USD/CAD, which is considered relatively wide. The Pro account offers spreads starting from 3.4 pips, while the VIP account offers spreads starting from 2.5 pips.


Moreover, the trading commission fees of VIPTRADE vary based on different account types.The Micro account incurs a commission fee of $10/€8/£6 (or equivalent in USD) per lot traded. The Pro account incurs a commission fee of $5/€4/£3 (or equivalent in USD) per lot traded. The VIP account does not incur any commission fees. Additionally, traders should be aware that the broker charges a fee of $45 per million USD traded.


Non-Trading Fees

In addition to trading fees, VIPTRADE also charges non-trading fees that traders should be aware of. These fees include overnight interest fees, inactivity fees, and withdrawal fees.

The overnight interest fee, also referred to as swap rates, is applicable to traders who hold positions overnight. It can have a positive or negative value depending on the currency pair and trade direction. The fee is automatically charged to the client's account at 21:59 (UK time) and is converted into the account's base currency. It is calculated and charged on weekdays for 1-day rollover, except on Fridays when it is calculated and charged three times to accommodate the weekend rollover (Friday to Monday).


The inactivity fee is charged when a trader does not place any trades for a certain period. The VIPTRADE company has a policy of charging a commission for account servicing, which amounts to 10% of the account balance or a minimum of 50 USD per calendar month. This commission is applicable if no trading activities are conducted on the account for a period exceeding two calendar months. The inactivity fee will be deducted monthly until trading activity resumes, the account is closed, or the account balance reaches zero. It's important to note that while the fee may deplete the account balance to zero, it will not result in a negative balance.

VIPTRADE also charges withdrawal fees, which vary depending on the withdrawal method used. Withdrawals via bank transfer are typically subject to a fee, while withdrawals via e-wallets may be free of charge.

Overall, while the non-trading fees of VIPTRADE are not excessive, traders should be aware of them and factor them into their trading costs.

Trading Platform Available

When it comes to trading platforms available,VIP TRADE gives traders the industry-standard MetaTrader5 for desktop terminals like Windows and Mac Os, a mobile app for Android, iOS and MT5 Webtrader. MT5 is known as one of the most successful, efficient, and competent forex trading software. While with the MT5 mobile app, trading can be done from anywhere and at any time through the right mobile terminals.


Deposit & Withdrawal

VIP TRADE accepts a wide selection of deposit and withdrawal options including Bank Transfer, credit/debit cards like VISA and MasterCard, PayPal, UnionPay and cryptocurrencies of Bitcoin, Ethereum, Litecoin and others. Traders can invest in stocks from just $500, and start trading for all trading instruments from $1000. The broker will charge some deposit and withdrawal fees. It will charge 0.5% plus bank commissions for deposits via Bank Transfer; 3% for deposits via card payment; $35 for withdrawals with Bank Transfer; no commission for deposits via other payments and withdrawals with card payment and cash payment. As for the processing time of deposit and withdrawal requests, they usually can be processed for up to 3 working days.


Customer Support

VIP TRADEs customer support can be reached through telephone: +0322472222, email: or send messages online to get in touch. Besides, you can also follow this broker on some social media platforms like Facebook, Instagram, LinkedIn, Twitter, YouTube and Telegram. Company address: Georgia, city Tbilisi, Mtatsminda district, Kostava street, N 36; City Tbilisi, Melikishvili Street, N1.

Clients can contact the customer support team via email or phone, and they can expect to receive a response within 24 hours. Phone support is available in multiple languages, and clients can find phone numbers for their respective countries on the broker's website. VIPTRADE also offers a live chat feature on its website, which allows clients to connect with a customer support representative in real time. Live chat is available and is a quick and convenient way for clients to get their questions answered or issues resolved.

VIPTRADE also has an FAQ section on its website that covers a wide range of topics related to trading, account management, and other services provided by the broker. Clients can access the FAQ section by clicking on the Support tab on the broker's website.

Pros Cons
Multilingual customer support available via live chat, email, and phone No 24/7 customer support
Customer support available in multiple languages No social media support

Educational Resources

VIPTRADE offers a range of educational resources and community support to assist traders in their trading endeavors. Here are some of the educational resources and community support available on VIPTRADE's website:

Trading Academy: VIPTRADE provides a comprehensive Trading Academy that offers a wealth of educational materials. Traders can access articles, tutorials, guides, and videos covering various trading topics. The academy covers fundamental and technical analysis, trading strategies, risk management, and more. It caters to both beginner and advanced traders, allowing them to enhance their knowledge and skills.


Webinars and Seminars: VIPTRADE organizes webinars and seminars conducted by industry experts and experienced traders. These online events cover a wide range of trading topics, including market analysis, trading psychology, risk management, and advanced trading strategies. Traders can participate in live sessions, ask questions, and gain insights from seasoned professionals.

Economic Calendar and Market Analysis: VIPTRADE provides an economic calendar that highlights important economic events and announcements that can impact the financial markets. Traders can stay informed about upcoming news releases and their potential impact on various instruments. Additionally, VIPTRADE offers market analysis reports, including technical analysis, fundamental analysis, and market commentaries to help traders make informed trading decisions.

Trading Tools and Resources: VIPTRADE offers a variety of trading tools and resources to assist traders in their analysis and decision-making. These tools may include advanced charting packages, real-time market data, economic indicators, and calculators. Traders can leverage these resources to analyze market trends, monitor price movements, and identify potential trading opportunities.

Community Support: VIPTRADE fosters a community-driven environment through its social trading features and trader forums. Traders can connect with other traders, share insights, discuss trading strategies, and seek advice. Community support allows traders to learn from each other, gain different perspectives, and develop their trading skills.

User Experience and Additional Features:

VIPTRADE is user-friendly and provides customizable features such as charts, indicators, and expert advisors. The platform also offers social trading and automated trading services to assist traders looking for a more passive income stream.

Comparison with Other Brokers:

While VIPTRADE offers competitive spreads and multiple account choices, it lacks trading products compared to other brokers such as and IG. At the same time, a minimum deposit of $250 is considered a relatively low threshold.

Broker Products Minimum deposit
VIPTRADE Forex, Commodities, Indices, Cryptocurrencies, Shares, Mentals $250 Forex, Commodities, Indices, Cryptocurrencies, Bonds $250
IG Forex, Commodities, Indices, Cryptocurrencies, Shares, Options no minimum deposit requirement


VIPTRADE is a forex trading platform that offers high leverage, competitive spreads, and multiple trading platforms. However, the broker's product range is limited, and it is not currently regulated by any major financial authority. The customer service team is not available 24/7, and there are limited options for deposit and withdrawal, with bank transfer as the primary method. Traders interested in opening an account with VIPTRADE should carefully consider the advantages and disadvantages before making a decision.


Q: Is VIPTRADE regulated?

A: VIPTRADE is not currently regulated by any major financial authority.

Q: What trading products are offered by VIPTRADE?

A: VIPTRADE offers CFDs on Forex, Metals, Futures, Shares, Spot Indices, Spot Energies & Cryptos.

Q: What account types are available with VIPTRADE?

A: There are four live trading accounts offered by VIPTRADE, apart from demo accounts, namely Micro, Pro, VIP and ISLAMIC accounts.

Q: Does VIPTRADE charge any additional commission fees?

A: VIPTRADE implements varying trading commission fees across its different account types. For the Micro account, traders are subject to a commission fee of $10/€8/£6 (or equivalent in USD) per lot traded. The Pro account carries a lower commission fee of $5/€4/£3 (or equivalent in USD) per lot traded. On the other hand, the VIP account does not involve any commission fees. It is important to note that the broker also applies a fee of $45 per million USD traded.

Q: What payment methods are accepted by VIPTRADE?

A: VIPTRADE accepts bank transfers as the primary method of payment.

User Reviews

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more than one year
This website is a typical example of a SCAM. They wiped out all my USDT while I was trading tokens. When I checked the charts, it didn't correlate with the miraculous depreciation they had on the coin. That's how I lost all my USDT. This website should not be listed as a trading market
2024-03-27 10:14
more than one year
Commissions and deposit and withdrawal fees are high, and the minimum deposit is five times the average. Be aware that most brokers have a minimum deposit of $100 or less, and generally do not charge commissions and deposit and withdrawal fees.
2022-11-30 17:14
more than one year
Don’t even try to trade with this broker, as far as I am concerned, it is illegally operated. A micro account should require $500, that’s crazy! I’ve traded with ic markets, exness, they only required a tiny sum of it. I am gonna tell my friend Andrew not use this one, for he is quite interested in this platform recently.
2022-11-30 11:23
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