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Score
Saint Vincent and the Grenadines
2-5 yearsSuspicious Regulatory License
High potential risk
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Comparison
Quantity 1
Exposure
Score
Regulatory Index0.00
Business Index6.71
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
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Company Name
VistaForex
Company Abbreviation
VistaForex
Platform registered country and region
Saint Vincent and the Grenadines
Company website
Company summary
Pyramid scheme complaint
Expose
General Information & Regulation
VistaForex is an online broker, registered in Saint Vincent and Grenadines. VistaForex is not subject to any regulation. Traders should straight away that SVG-registered brokers arent licensed even formally, which leaves them free to conduct business as they see fit. So, no wonder most of them are running investment scams.
Market Instruments
Tradable financial instruments available on the VistaForex platform include forex currency pairs, commodities, indices, stocks.
Minimum Deposit
You may open a live trading account with $100, which isnt a high entry threshold. And yet, since VistaForex is unregulated, offshore broker with virtually zero credibility, traders should stay away from it.
Leverage
The leverage with VistaForex is very high, reaching 1:1000. If you are keen on trading with leverage levels that high, youd better do that with legit brokers, because trading on margin involves significant risk of loss.
Spreads & Commissions
The EUR/USD cost of trade is said to be starting from 1 pips, and the platform gave us a EUR/USD spread of 1.5 pips, which on the upper end of average.
Trading Platform Available
VistaForex offers its clients the renowned MetaTrader5 (MT5).This is indeed one of the best forex trading platforms, and lots of brokers support it.And given that VistaForexs credibility is bordering zero, traders should stay away from this broker.
Deposit & Withdrawal
VistaForex says to accept credit cards, bank wire, various e-wallets like Skrill, Neteller, PayPal, Perfect Money, as well as Bitcoin, Ethereum and Bitcoin cash.
Customer Service
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