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No Regulation
Score
1.48 /10
Danger
VTradeFX
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index6.75
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
Website
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
open now
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Warning: Low score, please stay away!
Previous Detection :
2024-12-29
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| VTradeFXReview Summary | |
| Founded | 2024 |
| Registered Country/Region | United Kingdom |
| Regulation | Unregulated |
| Market Instruments | Forex, indices, commodities and stocks |
| Demo Account | ✅ |
| Leverage | Up to 1:200 |
| Spread | From 0.5 pips (Standard account) |
| Trading Platform | MT4, MT5 |
| Min Deposit | $200 |
| Customer Support | Tel: +4412 2526 0966 |
| Email: info@vtradefx.com | |
| Address: 17 Cavendish Square, London W1G 0PH | |
Based in UK, VTradeFX is an unregulated forex broker that was established in 2024. VTradeFX provides various financial products to trade via the MT4 and MT5 platform, including forex, indices, commodities and stocks. Demo accounts are available and the minimum deposit requirement to open a live account is as high as $200.
Pros and Cons
| Pros | Cons |
| Various trading options | Short operating history |
| Demo accounts | Not regulated |
| Multiple account types | High minimum deposit |
| MT4 and MT5 supported | Limited payment options |
| Withdrawal fees charged for Bitcoin |
Is VTradeFX Legit?
No, VTradeFX is not regulated by any reputable financial body. Please be aware of the risk!
What Can I Trade on VTradeFX?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
VTradeFX offers six accounts to choose from, including Standard, Islamic, Silver, GOLD, Platinum and VTFX VIP accounts. Accepted currencies are EUR, USD, and INR.
| Account Type | Min Deposit |
| Standard | $200 |
| Islamic | $200 |
| Silver | $2,500 |
| Gold | $5,000 |
| Platinum | $10,000 |
| VTFX VIP | $50,000 |
Besides, it also sets up demo accounts for traders to practice trading with virtual credit.
Leverage
VTradeFX provides leverage up to 1:200 for all account types. 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.
Spread
VTradeFX offers a range of spreads across its account types, from 0.03 to 2 pips.
| Account Type | Spread |
| Standard | From 0.5 pips |
| Islamic | From 2 pips |
| Silver | From 0.4 pips |
| Gold | From 0.2 pips |
| Platinum | From 0.1 pips |
| VTFX VIP | From 0.03 pips |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | PC, Mac, mobile and tablet | Experienced traders |
| MT4 | ✔ | PC, Mac, mobile and tablet | Beginners |
Deposit and Withdrawal
VTradeFX accepts Credit card, Bank transfer and Bitcoin as payment methods. VTradeFX charges withdrawal fees based on the chosen method.
| Payment Option | Min Withdrawal | Fee | Processing Time |
| Bitcoin | $10 | Fixed fee of $3 + 3% of the amount | Instant |
| Bank transfers, credit card | $100 | ❌ | Up to 2 business days |
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