VOREX Spreads, leverage, minimum deposit Revealed

WikiFX | 2022-08-05 18:32

Abstract：VOREX is said to be established in Georgia in 2008, offerings its clients access to a series of financial markets, including Global Stocks, Cryptocurrency, Commodity Futures, Foreign Exchange. VOREX provides its trading services with clients ranging from seasoned and novices to fund managers and institutional clients.

Aspect	Information
Company Name	VOREX
Registered Country	Georgia
Founded Year	2008
Regulation	No specific regulation mentioned
Minimum Deposit	Not specified
Maximum Leverage	Up to 1:100
Spreads	No specific information provided
Trading Platforms	VOREX proprietary trading platform (compatible with Windows, Android, and iOS devices)
Tradable Assets	Foreign exchange, indices, commodity futures, international shares, energies, precious metals
Customer Support	Contact form on website, email (support@vorextrading.com.au), office address in Tbilisi, Georgia

Overview of VOREX

　　VOREX, founded in 2008 and based in Georgia, is a financial service provider that offers its clients access to a wide range of global markets. Traders can engage in trading activities involving global stocks, cryptocurrencies, commodity futures, and foreign exchange. VOREX caters to a diverse clientele, including seasoned traders, novices, fund managers, and institutional clients, providing them with comprehensive trading services and solutions. Whether clients are experienced professionals or new to trading, VOREX aims to meet their unique trading needs and support them in achieving their financial goals.

Is VOREX legit or a scam？

　　This broker is not regulated, and it is important to be cautious and understand the associated risks. Furthermore, WikiFX has received 38 complaints about this broker in the past 3 months, indicating potential concerns and the possibility of a scam. Traders should conduct thorough research and exercise caution before engaging with this broker to ensure the safety of their investments.

Pros and Cons

　　VOREX offers several advantages, including access to a diverse range of financial markets, dedicated and multilingual customer support, and a proprietary trading platform for a unique trading experience. However, it is important to note the potential risks associated with the lack of valid regulation and the high number of complaints received by WikiFX, indicating potential issues. Additionally, transparency on certain aspects such as spreads and regulation is limited. Traders should carefully consider these pros and cons before engaging with VOREX to make informed decisions.

Pros	Cons
Access to diverse range of financial markets	No valid regulation, posing potential risks
Dedicated and multilingual customer support	High number of complaints indicating potential issues
Proprietary trading platform for a unique trading experience	Lack of transparency on certain aspects such as spreads and regulation

Market Instruments

　　VOREX offers investors the opportunity to access a wide range of mainstream and popular financial markets. The brokerage platform provides a variety of trading assets, including foreign exchange, indices, commodity futures, international shares, energies, and precious metals. With a single account, investors can conveniently trade across multiple financial markets, allowing for diversification and the exploration of various investment opportunities. This streamlined approach simplifies the trading process and enables investors to manage their portfolios efficiently. By offering access to a diverse range of trading assets within one account, VOREX aims to provide a comprehensive trading experience for its clients.

How to open an account？

　　Opening an account with VOREX is a simple and easy process, and there are several straightforward steps for you to follow:

　　1. Click “Create an account” on the homepage of VOREX

　　2. Fill out some required details, including name, a valid email address, password.

　　3. Go to your mailbox and verify your ID by upload some identification documents.

　　4. Fund your account and start to trade with this brokerage.

Trading Platform

　　VOREX distinguishes itself by offering a proprietary trading platform for traders to utilize, instead of the widely recognized MT4 or MT5 platforms. On their official website, VOREX provides a download link for their platform, which is compatible with Windows, Android, and iOS devices. This bespoke trading platform is specifically designed to cater to the needs of VOREX's clients, providing them with a unique trading experience. Traders can access the platform on various devices, enabling them to trade conveniently and efficiently. By offering a proprietary trading platform, VOREX aims to provide its clients with a specialized tool that meets their specific trading requirements.

Copy Trading

　　VOREX emphasizes its self-developed VMT trading system, which offers clients the convenience of one-click copy trading. Copy trading is a strategy that enables inexperienced traders to replicate the trades of successful traders, potentially increasing their profit potential. With VMT, clients can easily select and follow the trading activities of experienced traders, allowing them to benefit from their expertise and potentially achieve better trading outcomes. The one-click functionality simplifies the process, making it accessible even for those new to trading. By providing copy trading capabilities through its VMT trading system, VOREX aims to empower clients to make informed trading decisions and potentially enhance their trading performance.

Customer Support

　　VOREX caters to a diverse range of traders by offering its official website in four languages: English, Traditional Chinese, Japanese, and Simplified Chinese. Traders who have inquiries or encounter trading issues can reach out to VOREX through various channels. They can fill out a contact form on the website, providing the required details and waiting for a response. Alternatively, traders can contact VOREX via email at support@vorextrading.com.au. The company's office address is located at Krtsanisi district, Krtsanisi II lane, N 15, building 3, apartment 42, Tbilisi, Georgia. Additionally, traders can stay updated and engage with VOREX through popular social media platforms such as Facebook, Twitter, and Instagram. These communication channels provide traders with convenient ways to connect with VOREX and seek assistance when needed.

Conclusion

　　In conclusion, VOREX provides traders with access to a wide range of financial markets, multilingual customer support, and a proprietary trading platform for a unique trading experience. However, the lack of valid regulation and the high number of complaints received raise concerns about potential risks and issues. Additionally, transparency on certain aspects such as spreads and regulation is limited. Traders should carefully evaluate these advantages and disadvantages before considering engaging with VOREX to ensure the safety and suitability of their trading activities.