VEONCO Spreads, leverage, minimum deposit Revealed
WikiFX | 2024-11-21 17:09Abstract：Veonco is an online Forex and CFD broker and is not currently subject to any effective regulation.
Note: VEONCO's official website: https://veonco.com is currently inaccessible normal.
| VEONCOReview Summary | |
| Founded | 2019 |
| Registered Country/Region | United Kingdom |
| Regulation | Not regulated |
| Market Instruments | Forex, indices, commodities, stocks, precious metals, and cryptocurrencies |
| Demo Account | / |
| Leverage | Up to 1:200 |
| Spread | From 3 pips (Classic account) |
| Trading Platform | MT5, web-based |
| Min Deposit | $100 |
| Customer Support | Email: support@veonco.com |
| Address: HugeDomains 2635 Walnut St. Denver, CO 80205 | |
Veonco is an online Forex and CFD broker and is not currently subject to any effective regulation.
Pros and Cons
| Pros | Cons |
| Wide variety of trading assets | Inaccessible website |
| Four types of trading accounts to choose from | No regulation |
| Popular trading platform MT5 | Wide spreads |
| Few ways to deposit and withdraw funds | |
| Only email support |
Is VEONCO Legit?
The prerequisite of measuring the safety of a broker is to see if it is formally regulated.
Veonco is currently an unregulated broker, which means that clients' funds and trading activities on the Veonco platform are completely unprotected compared to those regulated well.
What Can I Trade on VEONCO?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Precious metals | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
VEONCO offers four account types: Classic, Standard, Premium and Tailored.
| Account Type | Min Deposit |
| Classic | $100 |
| Standard | $3 000 |
| Premium | $10 000 |
| Tailored | $100 000 |
Leverage
The leverage of VEONCO is up to 1:200. High leverage always comes with high returns and high losses.
Spread and Commission
Spread on the Classic accounts starts at 3 pips, which is much higher than the industry standard, while spreads and commissions on other accounts are not known at this time.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Webtrader | ✔ | Web | / |
| MT5 | ✔ | Desktop, Mobile and Web | Experienced traders |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
VEONCO accepts deposits and withdrawals via the standard Visa and MasterCard, as well as bank wire.
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