VenusFX

Note: VenusFX's official website: https://venusfx.co/ is currently inaccessible normally.

VenusFX is an offshore broker who was regeisterd in the United Kingdom in 2024. Its leverage is up to 1:1000. However, its minimum deposit is up to $5000, and it is not regulated.

Pros and Cons

Is VenusFX Legit?

VenusFX is not regulated, even the UK's Financial Conduct Authority (FCA) warned it is not authorised. It means VenusFX is not supervised by any regulations and doesn't need to obey the rules of regulations. Traders should be cautious when trading.

What Can I Trade on VenusFX?

Account Type

VenusFX offers five account types: Basic, Silver, Gold, Platinum and Diamond.

Leverage

The leverage ratio is the amount of money you can borrow to trade with. VenusFX offers maximum leverage of up to 1:1000, which means that you can control a position worth 1000 times your initial deposit. For example, if you deposit $100, you could control a position worth $100,000.

The leverage ratios for the different account types at VenusFX are as follows:

Leverage can magnify your profits, but it can also magnify your losses. If the market moves against you, you could lose more money than you deposited.

Spread

The spread of VenusFX is 0.8 pips on EUR/USD, which costs less than other brokers.

Trading Platform

VenusFX offers VenusFX Trading Platform, which is a web-based trading platform that allows you to trade from any device with an internet connection.

Deposit and Withdrawal

VenusFX claims that it can deposit and withdraw through VISA, Mastercard, Skrill, CashU, bank wire transfers and Bitcoins. However, it also needs 20% fees for withdrawal. The minimum deposit is $5000 and deposit fees are not mentioned.