Score

1.44 /10
Danger

VFX

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index6.50

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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Warning: Low score, please stay away!
Previous Detection : 2024-12-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

VFX · Company summary
VFX Review Summary
Company NameVFX
Registered CountryChina
Founded Year2022
RegulationUnregulated
Products and Servicescurrency pairs and digital assets (cryptocurrencies)
Demo Account/
Trading PlatformsMT5 (Mobile and Desktop)
Min Deposit200
Customer SupportEmail: support@myvisionfx.com;Social media: Twitter, Facebook, Instagram, YouTube and LinkedIn

VFX Information

VFX is a multi-asset broker based in China, offering various currency pairs with variable spreads and zero commissions on MetaTrader5, but its main drawback is the lack of regulation.

Pros and Cons

ProsCons
Offers three types of trading instrumentsMinimum deposit of $200
Provides six account typesUnregulated
Supports MetaTrader 5 (MT5) platform
Offers deposit bonuses

Is VFX Legit ?

VFX, with the domain vfx.com, is registered under Network Solutions, LLC, and has been active since April 25, 1995. Its registration is set to expire on April 26, 2031. VFX operates without regulatory.

Is VFX Legit ?
Is VFX Legit ?

What Can I Trade on VFX?

VFX offers currency pairs and digital assets, including cryptocurrencies. But it does not support indices.

InstrumentsSupported
Currency pairs
Digital assets
Cryptocurrencies
Indices

Account Type

VFX offers a total of six types of live trading accounts, including a Starter, Intermediate, Advanced, Expert, Master, and an Islamic account. It does not mention demo accounts.

Account TypeMinimum DepositSuitable For
Starter$200Beginner traders
Intermediate$2,000Traders with some experience
Advanced$10,000Intermediate traders
Expert$25,000Experienced traders
Master$50,000Professional traders
Islamic Account$250Muslim traders

Spreads & Commissions

VFX claims it charges zero commissions.

Trading Platform

VFX offers the MT5 trading platform, which is suitable for both mobile and desktop devices (including Windows and macOS).

Trading PlatformSupportedAvailable DevicesSuitable for
MT5Mobile and Desktop(Windows & macOS)Experienced Trader
MT4Mobile and Desktop(Windows & macOS)Beginner

Deposit & Withdrawal

The minimum initial deposit requirement at VFX is said to be $200 and has no deposit fees.

Bonuses

VFX offers deposit bonuses on different account types, including 50% for the Starter, Intermediate, and Advanced plans, 75% for the Expert plan, and 80% for the Master plan.

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