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Score

1.31 /10

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VenusFX

Item: VenusFX
Rating: 1.31

United Kingdom

2-5 years

Suspicious Regulatory License

High potential risk

https://venusfx.co

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Score

Regulatory Index0.00

Business Index5.46

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard

No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

VenusFX

Company Abbreviation

VenusFX

Platform registered country and region

United Kingdom

Company website

https://venusfx.co

Company summary

Pyramid scheme complaint

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VenusFX · Company summary

Note: VenusFX's official website: https://venusfx.co/ is currently inaccessible normally.

VenusFXReview Summary
Founded	/
Registered Country/Region	United Kingdom
Regulation	Not regulated
Market Instruments	CFDs, Cryptocurrencies, Currency pairs
Demo Account	/
Leverage	Up to 1:1000
EUR/USD Spread	0.8 pips
Trading Platform	Webtrader
Min Deposit	$5000
Customer Support	24/5 contact form
	Phone: +44 2081576795
	Email: support@venusfx.co

VenusFX is an offshore broker who was regeisterd in the United Kingdom in 2024. Its leverage is up to 1:1000. However, its minimum deposit is up to $5000, and it is not regulated.

Pros and Cons

Pros	Cons
Diverse trading instruments	High minimum deposit
	Not regulated
	No MT4 or MT5
	Relatively new

Is VenusFX Legit?

VenusFX is not regulated, even the UK's Financial Conduct Authority (FCA) warned it is not authorised. It means VenusFX is not supervised by any regulations and doesn't need to obey the rules of regulations. Traders should be cautious when trading.

What Can I Trade on VenusFX?

Tradable Instruments	Supported
CFDs	✔
Cryptocurrencies	✔
Currency pairs	✔
Commodities	✔
Indices	❌
Stocks	❌
Options	❌

Account Type

VenusFX offers five account types: Basic, Silver, Gold, Platinum and Diamond.

Account Type	Min Deposit
Basic	$5000
Silver	$10000
Gold	$25000
Platinum	$100000
Diamond	$1000000+

Leverage

The leverage ratio is the amount of money you can borrow to trade with. VenusFX offers maximum leverage of up to 1:1000, which means that you can control a position worth 1000 times your initial deposit. For example, if you deposit $100, you could control a position worth $100,000.

The leverage ratios for the different account types at VenusFX are as follows:

Account Type	Max Leverage
Basic	1:50
Silver	1:100
Gold	1:200
Platinum	1:400
Diamond	1:1000

Leverage can magnify your profits, but it can also magnify your losses. If the market moves against you, you could lose more money than you deposited.

Spread

The spread of VenusFX is 0.8 pips on EUR/USD, which costs less than other brokers.

Trading Platform

VenusFX offers VenusFX Trading Platform, which is a web-based trading platform that allows you to trade from any device with an internet connection.

Trading Platform	Supported	Available Devices	Suitable for
Webtrader	✔	Web	/
MT4	❌	Desktop, Mobile, Web	Beginners
MT5	❌	Desktop, Mobile, Web	Experienced traders

Deposit and Withdrawal

VenusFX claims that it can deposit and withdraw through VISA, Mastercard, Skrill, CashU, bank wire transfers and Bitcoins. However, it also needs 20% fees for withdrawal. The minimum deposit is $5000 and deposit fees are not mentioned.

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Warning: Low score, please stay away! 2

Previous Detection : 2024-11-11

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5

Genealogy

Clones

Keywords

Account

Time Machine

Benchmark	--
Maximum Leverage	1:1000
Minimum Deposit	$1,000,000 +
Minimum spread	--
Products	--

Currency	--
Minimum position	--
Supported EA
Depositing Method	--
Withdrawal Method	--
Commission	--

VenusFX · Company summary

Note: VenusFX's official website: https://venusfx.co/ is currently inaccessible normally.

VenusFXReview Summary
Founded	/
Registered Country/Region	United Kingdom
Regulation	Not regulated
Market Instruments	CFDs, Cryptocurrencies, Currency pairs
Demo Account	/
Leverage	Up to 1:1000
EUR/USD Spread	0.8 pips
Trading Platform	Webtrader
Min Deposit	$5000
Customer Support	24/5 contact form
	Phone: +44 2081576795
	Email: support@venusfx.co

VenusFX is an offshore broker who was regeisterd in the United Kingdom in 2024. Its leverage is up to 1:1000. However, its minimum deposit is up to $5000, and it is not regulated.

Pros and Cons

Pros	Cons
Diverse trading instruments	High minimum deposit
	Not regulated
	No MT4 or MT5
	Relatively new

Is VenusFX Legit?

VenusFX is not regulated, even the UK's Financial Conduct Authority (FCA) warned it is not authorised. It means VenusFX is not supervised by any regulations and doesn't need to obey the rules of regulations. Traders should be cautious when trading.

What Can I Trade on VenusFX?

Tradable Instruments	Supported
CFDs	✔
Cryptocurrencies	✔
Currency pairs	✔
Commodities	✔
Indices	❌
Stocks	❌
Options	❌

Account Type

VenusFX offers five account types: Basic, Silver, Gold, Platinum and Diamond.

Account Type	Min Deposit
Basic	$5000
Silver	$10000
Gold	$25000
Platinum	$100000
Diamond	$1000000+

Leverage

The leverage ratio is the amount of money you can borrow to trade with. VenusFX offers maximum leverage of up to 1:1000, which means that you can control a position worth 1000 times your initial deposit. For example, if you deposit $100, you could control a position worth $100,000.

The leverage ratios for the different account types at VenusFX are as follows:

Account Type	Max Leverage
Basic	1:50
Silver	1:100
Gold	1:200
Platinum	1:400
Diamond	1:1000

Leverage can magnify your profits, but it can also magnify your losses. If the market moves against you, you could lose more money than you deposited.

Spread

The spread of VenusFX is 0.8 pips on EUR/USD, which costs less than other brokers.

Trading Platform

VenusFX offers VenusFX Trading Platform, which is a web-based trading platform that allows you to trade from any device with an internet connection.

Trading Platform	Supported	Available Devices	Suitable for
Webtrader	✔	Web	/
MT4	❌	Desktop, Mobile, Web	Beginners
MT5	❌	Desktop, Mobile, Web	Experienced traders

Deposit and Withdrawal

VenusFX claims that it can deposit and withdraw through VISA, Mastercard, Skrill, CashU, bank wire transfers and Bitcoins. However, it also needs 20% fees for withdrawal. The minimum deposit is $5000 and deposit fees are not mentioned.

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68177

more than one year

Summary of my personal experience with VenusFX. Establishment time: within one year; Supervision situation: I can't find any effective regulatory information about them online; Minimum deposit requirement: VenusFX has a minimum deposit requirement of $5,000, which is prohibitively high compared to other dealers. Customer service: VenusFX offers a variety of ways to contact people, including phone calls, emails, etc., but it doesn't support live chat and replies to messages are too slow.

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2023-03-30 10:06

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