Note: For some unknown reason, we cannot open VFX Capitals official site (https://www.vfxcapital.com) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.
General Information & Regulation
VFX Capital is allegedly a forex and CFD broker registered in the Marshall Islands that claims to provide its clients with various tradable financial instruments with leverage up to 1:400, fixed/variable spreads and no commissions on the MT4 trading platform, as well as a choice of three different live account types.
As for regulation, it has been verified that VFX Capital does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.43/10. Please be aware of the risk.
Market Instruments
VFX Capital advertises that it offers trading in over 45 currency pairs, CFDs on commodities and precious metals, as well as many indices and stocks.
Account Types
VFX Capital claims to offer three types of trading accounts - Silver, Gold and Platinum, with minimum initial deposit requirements of $2,500, $10,000 and $25,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.
Leverage
The maximum leverage ratio provided by VFX Capital is said to be up to 1:400. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads & Commissions
VFX Capital claims that the spread differs depending on account types. Specifically, clients on the Silver account have fixed spreads from 1 pip and variable spreads from 0.5 pips; the Gold account has fixed spreads from 0.7 pips and variable spreads from 0.5 pips; the Platinum account has fixed spreads from 0.4 pips and variable spreads from 0.3 pips. All account types are said to be commission-free.
Trading Platform Available
The platform available for trading at VFX Capital is the state-of-the-art MetaTrader4. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
The minimum initial deposit requirement at VFX Capital is said to be as high as $2,500. However, the broker says nothing about the acceptable deposit and withdrawal methods.
Customer Support
VFX Capitals customer support can be reached by telephone: +34910479740, email: support@vfxcapital.com. Company address: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH 96960.
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.
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