VIEXS

What is VIEXS？

Vision Integrated Exchange Ltd, also known as VIEXS, is a financial firm founded in 2019 and based in the United Kingdom. It operates under the oversight of the Financial Conduct Authority (FCA), suggesting adherence to the stringent financial standards and regulations set by the authority.

Pros & Cons

Pros

• Regulated by FCA: Being regulated by the Financial Conduct Authority (FCA) lends credibility and security to VIEXS, as it has to adhere to strict financial standards and regulations.

• T+0 Settlement Trading Mechanism: The company offers a T+0 trading mechanism, allowing clients to trade multiple times at any time on the day of the transaction. This enables them to earn spread gains by taking advantage of exchange rate market fluctuations.

• Desktop and On-the-go Trading: With the FLEXTRADER platform, clients of VIEXS can trade both on their desktop computers and their mobile devices for flexibility and convenience.

Cons

• Low Leverage: The available leverage is rather low at 1:50, which limits trading flexibility.

• Commission Charged: VIEXS charges a commission starting from 0.08% which, depending on the frequency and volume of trades, could constitute a substantial cost over time.

• Limited Customer Support: Customer support is only available via email, although it is offered 24/5. This could be a drawback for clients who prefer more immediate or diverse forms of interaction, such as live chat or phone support.

• Malfunctioning Website Pages: Some subpages on the official website of the company have been reported to malfunction at times, which could adversely affect the user experience and hinder access to important information.

Is VIEXS Safe or Scam？

• Regulatory Sight: VIEXS operates under regulatory oversight, which provides a layer of security for its clients. The company holds an institutional Forex license of the Straight Through Processing (STP) type, regulated by the Financial Conduct Authority (FCA) in the United Kingdom. The license number is 923324.

• User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.

• Security Measures: So far we haven't found any information about the security measures for this broker.

Products & Services

• Liquidity Funding: This essentially refers to providing the necessary capital or funds to keep markets moving smoothly. Clients can leverage this service for more streamlined trading.

• Forex Trading: Forex or foreign exchange trading is a significant part of their service offerings. Clients can trade different currency pairs based on their market analysis and predictions.

• CFD Trading: Apart from Forex, VIEXS also provides the opportunity for Contract for Difference (CFD) Trading. With CFDs, traders can speculate on the rising or falling prices of fast-moving global financial markets.

Leverage

VIEXS offers its clients a maximum leverage ratio of 1:50. This means that for every dollar a client deposits, they can trade with up to 50 dollars in the market. While this can potentially amplify profits, it's important to remember that it can also maximize losses. Therefore, leverage should be used judiciously and with a proper understanding of its risks.

Spread & Commission

VIEXS offers competitive spreads on various currency pairs. The spread, which is the difference between the bid and ask price, varies for different pairs. Here is a brief overview of the spreads for some of the currency pairs:

It should be noted that the full list of spreads is not available as the related subpage on the VIEXS website has malfunctioned.

VIEXS charges a commission on trades, starting from 0.08%. This means that from every trade, they will deduct a fee of at least 0.08%, depending on the traded volumes and frequencies. The specifics of how this commission fee scales with trade volume or frequency can vary, and clients should seek further details from VIEXS.

Trading Platform

VIEXS offers the FLEXTRADER trading platform to facilitate online trading for its clients. This platform is compatible across numerous devices and operating systems including Windows, OS X, iOS, and Android, ensuring accessibility regardless of the user's preferred device. It is designed to offer a user-friendly trading experience, equipped with comprehensive trading tools, real-time market data, and advanced analytics features. Moreover, there's also a browser-based option for those who wish to trade directly from their web browsers without downloading any software.

Customer Support

VIEXS offers its client base customer support primarily via email. Customers can reach out to the support team atcontact@viexs.co.ukfor any queries, issues, or assistance they need regarding the platform or services. Moreover, customer support is available 24 hours a day, 5 days a week. This means that clients can get help during the trading week almost anytime they need it. However, it's noteworthy that VIEXS does not currently offer other modes of customer support, such as phone or live chat, which could be a downside for customers seeking immediate assistance.

Conclusion

VIEXS is a regulated financial firm that provides trading services, including Forex and CFDs, and liquidity funding to its clients. The company operates through the flexible FLEXTRADER platform and offers features like T+0 settlement trading mechanism. However, considerations such as low leverage, commission charges, and limited customer support via only email are crucial when evaluating its services.

Frequently Asked Questions (FAQs)

Q: What is the leverage provided by VIEXS？

A: VIEXS provides its clients with a maximum leverage of 1:50.

Q: Is VIEXS regulated or not？

A: Yes, it is regulated by FCA.

Q: May I use my phone to trade with VIEXS？

A: Yes, you can. VIEXS allows users to trade via their mobile app.

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 provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.