VCG Markets-Some Important Details about This Broker

General Information

Registered in Saint Vincent and the Grenadines, VCG Markets presents itself as an online forex broker providing various classes of trading instruments, such as Forex, Commodities, Indices, Precious Metals, and Stocks. With the VCG Market platform, there are two types of trading accounts are on offer: Standard and Premium, the minimum deposit to start from $500.

VCG Markets is the trading name of Vision Capital Group LLC, an entity incorporated under the Limited Liabilities Act, Chapter 151 of the Revised Laws of St. Vincent and the Grenadines.

There is no evidence showing that this broker holds any regulatory license to prove it operates legally.

Market Instruments

With the VCG Market platform, investors are provided the opportunity to more than 500 trading instruments across four classes of trading instruments, including Foreign Exchange, Commodities, Indices, as well as Shares.

Account Types

Two types of trading accounts provided for both retail and professional traders: Standard and Premium. To open a Standard account, you need to fund at least $500, which is much higher than most legit brokers requirements for this type of account. The Premium account is more suitable for experienced and professional traders, asking for an initial deposit of $5,000.

With these two types of trading accounts, investors are provided access to over 60 currency pairs,

4 precious metals, 28 CFD instruments. Account Currency: USD, EUR, GBP.

How to open an account with VCG Markets？

Opening an account with VCG Markets is an easy and straightforward process, with a few steps to follow:

1. Click on the “Open Live Account” link on the homepage of VCG Markets.

2. Fill up required details on the popping up page, including your name, residence of country, valid email, password, etc.

3. Submit your personal documents for this brokers verification.

4. Choose the preferable payment methods, fund your account, and start to trade with this broker.

Leverage

Trading leverage varies depends on particular instruments, with the maximum trading leverage for forex and precious metals trading up to 1:500, 1:200 for CFDs, 1:20 for Stock trading.

Please note leverage ratios provided is far too higher than the amount deemed appropriate by most regulatory authorities, with the maximum leverage for major forex trading up to 1:30 in Europe and Australia, 1:50 in Canada and US.

Since leverage can magnify gains, it can also cause serious fund losses, especially to rookie traders. Therefore, it is prudent for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.

Spreads & Commissions

Like most brokers, spreads and commissions on the VCG Markets platform are determined by trading accounts. With the Standard account, typical FX spreads start from 1.4 pips, with no additional commission charged. The Premium account offers spreads from 0 pips, with a commission of $8 per Standard lot charged.

Trading Platform

VCG Markets provides access to the MT5 trading platform, which could be accessed on Desktop, Android, and Apple devices. The trading terminal remains the preferred choice for most FX traders (and brokers) globally, as it provides a full array of trading tools and features, robust charting package, over 50 built-in technical indicators, wide range of Expert Advisors (EAs), the option to create your own indicators and EAs, and extensive back-testing options for them.

Demo Accounts Available

Aside from live trading account, demo accounts are also available for beginners to clients to test trading environment of this platform and practice their trading skills without risking their real capital.

Payment Methods

The minimum deposit is $500, and VCG Markets allows its clients to make deposits and withdrawals through VISA, MasterCard, Wire Transfer, Skrill and Neteller. There are no deposit fees and as for withdrawal, the broker charges $30 for withdrawal made via bank (which is a quite standard international transfer fee), and 1% to $30 maximum per transaction for Skrill and Neteller.

Customer Support

For some basic inquiries or trading-related problems, you can visit the FAQ section to find answers.

If clients need staff service, they can get in touch with VCG Markets through the following contact channels 24/6 in 9 languages:

Email: info@vcgmarkets.com

Registered Company Address: Suite 305, Griffith Corporate Services Centre, Beachmont, Kingstown, St. Vincent and the Grenadines

Or you can also follow this broker on some social media platforms, such as Instagram, Facebook, Linkedin, and Telegram.

Restricted Regions

VCG Markets does not accept traders from residence of countries in the United States, Belgium, Canada, Singapore and anyone in any jurisdiction where such use would be contrary to local law or regulation.

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.