Thinking of getting into business with Vision Forex? Here is what you must know about this broker. Carefully read this review to find out if visionforex.co is the trading platform you will want to trade with.
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Table of Contents
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About Vision Forex Broker
Vision Forex is an offshore brokerage company with a lot of promises for traders. The broker is located in London, UK.
Also, the broker claims to offer 24×7 Global Support, ethical trading conditions, payout in 30 minutes, safety and attractive Ib commissions.
There are different account types Vision Forex offers. See below.
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In spite the trading instruments Vision Forex claims to offer, traders must know they are dealing with an unknown broker whose regulation claim is false.
visionforex.co: Reasons to Avoid This Broker
Firstly, visionforex.co is a platform with no financial authority overseeing its financial services. The regulation claim is not legit because Financial Conduct Authority, UK does not recognize this broker.
Secondly, we noticed visionforex.co has no demo account for traders. Because traders can’t test Vision Forex on a free account, we can’t know its viability in the forex market.
More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk.
These are cons for forex traders to avoid losing money with this broker.
Withdrawal and Deposit
Withdrawal process
Under the withdrawal policy, Vision Forex provides us with no information.
Minimum Deposit
Vision Forex minimum deposit is said to be $100.
As for the payment methods, we can make payment via Bank Wire Transfer only. However, you should not consider making any payment with this broker because it is a risk. So beware!
Vision Forex Platform
Vision Forex claim to offer MT5.
As for the leverage, it can get up to 1: 500. Nevertheless, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Vision Forex Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation that means your money is at risk. Its unlicensed and unregulated claims are truly a red flag and must be avoided.
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Licensed in UK(FCA), Dubai(DFSA), St Vincent and the Grenadines, Cyprus(Cysec) and Cayman Islands
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
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Minimum Trade Deposit $100
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Licensed in Australia(ASIC) and Cyprus(Cysec)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
Conclusion: Is visionforex.co a Reliable Broker?
visionforex.co does not seem like a reliable broker for traders even though it promises offers that look good to be true.
More so, the broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.
Because we have taken it as a duty to review forex brokers and also share reasons, we will not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.