VFX Financial Review: A Close Look at This UK-Based Broker

Are you considering trading with VFX Financial, a UK-licensed broker that’s been around since 2001? In this VFX Financial review, we’ll take you through the company’s details, regulations, what you can trade, the platforms they offer, and more. Let’s find out if VFX Financial is a good fit for your investment goals. Keep reading for more! 

VFX Financial: Who They Are and Regulation

Founded in 2001, Voltrex Limited, now VFX Financial PLC, is a UK-based currency broker. They serve both individual and business clients, with a focus on corporations and small businesses. They offer online payment solutions and hedging options.

Dun & Bradstreet estimates they have around 30 employees and generate about $5 million in annual revenue. Notably, they claim to be the pioneers of the multi-currency prepaid card.

In 2011, they rebranded to VFX Financial and have since earned industry awards and Fintech recognition. They continuously improve their online trading system and website.

VFX Financial, based in the UK, is regulated by the Financial Conduct Authority (FCA), a respected financial watchdog. They also have an office in Toronto, Canada. The FCA makes sure that brokers play fair and square. UK-licensed brokers like VFX Financial must meet strict financial requirements, protect your funds, and participate in a compensation scheme. These safeguards make choosing a UK-licensed broker a smart move.

Why Regulation Matters: Your Safety First

Regulation is extremely important for traders and investors. We all know that! It’s essential to trade with regulated firms, as they follow strict rules to protect you. Always consider those trading companies regulated by FCA, CySEC, ASIC, or BaFIN. This is the safest option, by all means. 

Avoiding unregulated brokers is crucial because they can engage in shady practices that could harm your investments. 

Note: Vital Markets promotes itself as a reliable and trustworthy broker with exceptional trading conditions. Yet, there are mixed reviews about their legitimacy in the trading community.

What You Can Trade with VFX Financial

This company primarily focuses on forex trading. They offer about 60 currencies and 250 currency pairs. 

But this might seem limited compared to other brokers. There are many solid brokers that usually offer a wider range of trading options, including commodities, stocks, and cryptocurrencies. Keep that in mind. 

Tip: The VFX Financial login portal is accessible for clients to easily see and manage their accounts. To locate GBP account details, simply click on “User ID” and “Account details” at the top right of the desktop application.

Trading Platforms at VFX Financial

This trading firm provides its own trading software (VFX Financial app), available on the web and mobile (for Android and iOS). However, they don’t have a desktop version, and their features are quite basic. You can buy and sell currencies and set price alerts, but you can’t perform advanced charting or analysis. For a more comprehensive experience, we recommend using MetaTrader 4 (MT4) or MetaTrader 5 (MT5), popular platforms that offer advanced tools.

MetaTrader 4 and 5 allow you to customize your trading interface, use various trading strategies, and access numerous technical indicators. They are the preferred choices for traders seeking reliable platforms.

Trading Conditions

To start trading with this brokerage, you’ll need to invest at least £500, which is a bit higher than what some other brokers ask for. 

Sadly, they don’t disclose their leverage details. This may be suspicious in a way. 

Remember that leverage lets you control larger positions with less capital but also increases risk. The EU and UK have set a cap on leverage to protect traders. Make sure to avoid brokers offering high leverage, as it can lead to significant losses.

The Website and Customer Support Team

VFX Financial’s website is quite simple and easy to navigate. You can contact them through a simple form or by phone, which is convenient. 

However, to improve customer experience, they could consider expanding their support options to include live chat or email support. That would provide traders with more accessible ways to get assistance and information.

Note: Stark Markets is a suspicious broker that it’s best to stay away from. Keep your money safe.

Withdrawing Your Funds

You can deposit money at VFX Financial using credit/debit cards, wire transfers, and payment solutions like FasterPayments, CHAPS, and BACS. 

Be aware that they charge payment fees, which can go up to £15 per transaction. While GBP deposits can help you avoid extra fees, they could be more transparent about their fee structure.

Tip: Beware of suspicious and anonymous brokers like Topshark CO. They don’t have any good intentions.

Lack of Reviews on Trustpilot

One concern is the lack of Trustpilot reviews for this company. Without feedback from other traders, it’s hard to gauge their reputation. 

It’s safer to go with regulated and well-rated brokers (4.5 stars and above) on platforms like Trustpilot for a more trustworthy trading experience. Remember that!

Offshore Brokers and Shady Tactics

Be cautious of offshore brokers as they often have high fees and can engage in shady practices, like running fake websites. These brokers use tactics that can jeopardize your investments. 

Also, watch out for fake FX signals and Expert Advisors (EAs) promising unreal returns. It’s essential to be diligent and choose reputable, regulated brokers to protect your investments.

Can You Profit from Online Trading?

Online trading can be profitable, but it requires knowledge and the right tools. This is why we offer free consultations to help you make better decisions. 

Also, there’s something even better! Our AI Analysis Bot simplifies research and provides trading advice based on evolved predictions. By using our AI Analysis Bot, you gain a practical advantage, beyond relying just on intuition. You can be among the first to try it with a gracious 20-day free trial, including access to FX and stock analysis reports.

Remember, when choosing a broker like VFX Financial, always think of transparency. Regulated brokers with a solid track record and positive reviews should be your top choice to protect your assets and make the most of your trading journey.

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