VoyaFX Spreads, leverage, minimum deposit Revealed

　　General Information & Regulation

　　VoyaFX, a trading name of FH Ever AD, is allegedly a CFD provider registered in Bulgaria that claims to provide its clients with over 1,000 CFDs on various tradable assets with flexible leverage up to 30:1 and variable spreads from 0.9 pips on the web-based trading platform, as well as a choice of three different live account types and 24/5 customer support service. Here is the home page of this brokers official site:

　　As for regulation, it has been verified that VoyaFX does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.15/10. Please be aware of the risk.

　　Market Instruments

　　VoyaFX advertises that it offers access to more than 1,000 CFDs on forex, indices, commodities, stocks and ETFs.

　　Account Types

　　VoyaFX claims to offer three types of live trading account types, namely Silver, Gold and Diamond. The minimum initial deposit amount is $500 for the Silver account, while the other two account types have much higher minimum initial capital requirements of $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. Note that the account types are only applicable to clients of Global Clearing House Ltd. They do not apply to clients who chose to open an account with FH Ever AD or Alchemy Prime Limited.

　　Leverage

　　VoyaFXs website states that the leverage for retail investors trading CFDs is limited from 30:1 to 2:1, according to the volatility of the underlying asset. Higher leverage is available for those investors who can qualify to be classified as either an Elective Professional Client or a Per Se Professional Client. 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

　　VoyaFX claims that different account types can enjoy quite different spreads. Specifically, the spread on the Silver account starts from 2.1 pips, the Gold account has spread from 1.5 pips, while only the Diamond account holders can enjoy spreads from 0.9 pips.

　　Trading Platform Available

　　Platforms available for trading at VoyaFX seem to be web-based. 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

　　From the logos shown at the foot of the home page on VoyaFXs official website, we found that this broker seems to accept deposits and withdrawals via Visa, MasterCard, Skrill and Wire Transfer. The minimum deposit requirement is as high as $500, while there is no mention of what the minimum withdrawal amount is.

　　Customer Support

　　VoyaFXs customer support can be reached by telephone: + 352 203 31 106, email: cs@voyafx.com or send messages online to get in touch. Company address: 1303, Stamboliiski Blvd, Sofia, Bulgaria.

　　Risk Warning

　　Online trading involves a significant level of 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.