Vision

Vision, a broker registered in the United States, provides a variety of products including stocks, equity options, and individual retirement accounts. It supports trading on platforms like WealthStation, Sterling Trader Pro, and DAS Trader. However, it charges different types of commissions and is not regulated by any legal institutions.

Pros and Cons

Is Vision Legit?

Vision claims on its website that it is affiliated with the Depository Trust Clearing Corporation (DTCC), the Options Clearing Corporation (OCC), and the Securities Investor Protection Corporation (SIPC). However, our investigation indicates that Vision is not directly regulated by any governing authority.

What Can I Trade on Vision?

Vision supports trading of stocks, stock options, bonds, alternative investments, and mutual funds, as well as a diverse selection of advisory services in the investment field. At the same time, it offers three featured products: personal retirement accounts, exchange traded funds, and stock options.

Individual Retirement Accounts: Individual Retirement Accounts (IRA) is a tax advantaged retirement savings method. Income from interest, dividends, and capital gains can be deferred or exempted from taxes. Vision offers a wide range of investment options, including stocks, bonds, US treasury bond bonds, mutual funds and custody accounts.

Exchange Traded Funds: Exchange traded funds (ETFs) is an innovative investment tool that combines the trading flexibility of individual stocks with the diversification advantages of mutual funds.

Stock Options: Stock Options is a contract that grants the holder the right to buy or sell the underlying stock at the exercise price on or before the expiration date.

Vision Fees

Vision imposes various services fees, which can be quite high. For example, if you stop using checks issued by Vision for payment, you will need to pay a $35 handling fee. Additionally, returning a customer′s check deposit may result in a fee of $50. Moreover, inactive account fees and wire transfer fees are all required by Vision. These fees will burden you because they are not low.

Trading Platform

Vision supports trading through three platforms: WealthStation, Sterling Trader Pro, and DAS Trader.

WealthStation is a free web-based platform. You can view your account information, balance, position, account history and tax receipts on it.

At Sterling Trader Pro, you can trade stocks (including ETFs) and options in the US market.

DAS Trader is an integrated direct access technology system that provides efficient execution and real-time market data solutions.

Customer Service

You can connect Vision through phone and email. Conditions permitting, you may also find them at an offline address.

The Bottom Line

Vision offers a range of trading instruments, but at relatively high commission rates. Moreover, this broker currently lacks legal regulation from authorities. Traders are always advised to choose a legally regulated broker.

FAQs

Is it safe to trade with Vision?

No, trading with Vision is unsafe given the lack of legal regulation.

Is Vision good for beginners?

No, it is not beginner-friendly due to a lack of regulation, high commissions, and insufficient educational resources.

What trading platforms are available at Vision?

Vision supports you to trade on healthStation, Sterling Trader Pro, and DAS Trader.