VEXXSEL-Some Details about This Broker

General Information

VEXXSEL presents itself as an online broker providing access to a massive financial market. With the VEXXSEL platform, six types of trading accounts are available, with the lowest required opening deposit being €250, and traders can employ a maximum leverage of 1:200 on gold and silver trading.

VEXXSEL is a trading name owned and operated by Rever LTD, a company under no regulation. Here WikiFX has given this broker a super low score of 1.03/10. Please be aware of the risk.

Account Types

Six types of trading accounts are the available options for traders: Students, Standard, Islamic, Investor, VIP and VIP Platinum accounts. The minimum deposit to open a most basic account, the Student account, is from €250 and its most expensive trading account, the VIP Platinum account asks for a minimum deposit of € 1 000,000.

Welcome Bonus

VEXXSEL provides welcome bonus and each client of the VEXXSEL company has the right to get the bonus. The maximum sum of Bonus that can be put on the client‘ s trading account is 50% from the initial deposited sum. The Bonus can be credited to the client’s trading account no later than one week after the initial deposit. The bonus can only be credited to the clients trading account if there are available deposited funds to the trading accounts at the moment the manager considers the bonus application.

Spreads & Commissions

Trading accounts set the commissions and spreads. Here is the fee structure: account with the least balance offering wide spreads, account with large balance proving relatively narrow spreads. For example, the student account offers spreads from 3 pips, the Standard account from 2 pips, the Investor and VEXXSEL VIP account from 1.7 pips, VEXXSEL VIP Platinum account from 1 pip.

Leverage

Trading leverage varies depending on particular instrument, with leverage up to 1:50 for Energy products and Indices, 1:200 for Gold and Silver, 1:50 for other commodities, 1:200 for currencies, 1:20 for world shares.

Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size (no more than a 1:10).

Trading Platform

The MT5 trading platform, widely regarded as the best in the business, is available through AXOFA, which can be accessed on Windows, MacOS, IOS, Android.

Payment Methods

Only VISA and MasterCard are supported by VEXXSEL, and the minimum deposit to trade with this broker is 250 euros. However, VEXXSEL is vague about the time required to process withdrawals and the associated fees.

VEXXSEL does not charge any fees for withdrawing funds from the clients trading accounts (except for the payment made by bank transfer). The minimum amount of withdrawal is not fixed. There is an exception when you withdraw funds through bank transfer.

Please be aware that if the withdrawal funds exceed $1,000, the company has the right to ask the client to provide additional identification documents.

Customer Support

VEXXSELE can be only reached through an email: support@vexxsel.online. Other contact channels, such as Phone Support, Online Chat, as well as social media platforms are not available.

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.

Pros & Cons

Frequently Asked Questions

Is VEXXSEL regulated？

Yes, VEXXSEL is regulated.

What is the maximum leverage that can be used？

Leverage up to 1:50 for Energy products and Indices, 1:200 for Gold and Silver, 1:50 for other commodities, 1:200 for currencies, 1:20 for world shares.

What is the minimum deposit required to trade with VEXXSEL？

The minimum deposit required to trade with VEXXSEL is €250.