VEONCO Spreads, leverage, minimum deposit Revealed

　　Basic Information & Regulation

　　Veonco is an online Forex and CFD broker and is not currently subject to any effective regulation.

　　Safety Analysis of Veonco

　　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 by the FCA in the UK, CySEC in Cyprus, and ASIC in Australia.

　　Market Instruments

　　Veonco provides investors with access to popular financial instruments, mainly Forex currency pairs, indices, stocks, and CFDs on commodities.

　　Accounts & Leverage of Veonco

　　Veonco offers investors four different trading accounts: Classic (minimum deposit of $100), Standard (minimum deposit of $3,000), Premium (minimum deposit of $10,000), and Custom (minimum deposit of $100,000). The maximum leverage for Classic accounts is 1:200.

　　Spreads & Commissions

　　Spreads on Classic accounts start 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 Available of Veonco

　　Veonco offers traders the most popular trading platform available, MT5, which is not as popular as MT4 but has more technical indicators and timeframes, as well as a range of powerful charting tools and Expert Advisors for automated trading.

　　Deposit and Withdrawal

　　Veonco supports traders to deposit and withdraw funds to and from their investment accounts via VISA, MasterCard, DISCOVER, PayPal.

　　Pros & Cons of Veonco

　　The main advantages of Veonco are:

　　1. Wide variety of trading assets

　　2. Four types of trading accounts to choose from

　　The main disadvantages of Veonco are:

　　1. No regulation

　　2. High spreads & other trading conditions not provided

　　3. Fewer ways to deposit and withdraw funds

　　4. Leverage information not provided for Standard, Premium, and Tailored accounts