Vaanex

General Information

Vaanex Group Company Limited (Vaanex) is a UK based online broker founded in 2010. The company mainly provides investors with financial instruments including stocks, commodities, and indices.

Regulatory Risk

It is important to note that although Vaanex claims to be an authorized and regulated broker by the Vanuatu Financial Services Commission (VFSC), it actually currently holds a license that is labeled as a cloned risk entity.

Accounts

Vaanex has three account types for investors to choose from, namely the PRO account (the minimum deposit of $1,000), the VIP account (the minimum deposit of $10,000) and the Diamond account (the minimum deposit of $20,000)

Leverage

The various account types are designed to meet different trading needs. Leverage of up to 1:500 is available for PRO and VIP accounts, while Diamond accounts are slightly lower at 1:100.

Commission

Vaanex charges different fees to different clients. Diamond accounts require a commission of $7 per lot, but the broker does not charge a commission for PRO and VIP accounts.

Trading Platform

Vaanex offers its clients access to the world financial markets through the MetaTrader 5 (MT5) platform, which is used by millions of traders around the world and supports both PC and mobile use.

Payment Methods

Vaanex does not disclose much information about deposits/withdrawals, but we can see from the unobtrusive part of its website that payment methods include PayPal, Neteller, Skrill and FasaPay.

Customer Support

Customers can contact Vaanex's team for inquiries via phone, live chat and email. Meanwhile, the official website of the trader shows support for 13 national languages.