VDX broker Accounts

vdx Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

vdx Account Types Explained

VDX offers several account types tailored to meet the diverse needs of traders, ranging from beginners to professionals. Below is a detailed overview of each account type, including their features, requirements, and target user profiles.

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: Ideal for beginners, offers access to a wide range of trading instruments.
• Target User Profile: Beginner traders.
• Trading Instruments Available: Major, minor, and exotic currency pairs, commodities, and indices.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Spreads from 0.1 pips; commission of $5 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access with lower spreads, suitable for high-frequency trading.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex pairs, commodities, and indices.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads from 0.5 pips; commission of $3 per lot.
• Leverage Options: Up to 1:300.
• Key Features: Designed for professional traders, offers advanced trading tools and analytics.
• Target User Profile: Experienced traders and institutional clients.
• Trading Instruments Available: Comprehensive range of forex pairs, commodities, indices, and cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account; no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Complies with Sharia law, no interest charges.
• Target User Profile: Muslim traders seeking compliance with Islamic finance principles.
• Trading Instruments Available: Same as Standard Account.

5. Demo Account

• Minimum Deposit Requirement: Virtual balance of $10,000.
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Risk-free environment for practice trading.
• Target User Profile: Beginners and traders looking to test strategies.
• Trading Instruments Available: All instruments available in live accounts.

Detailed vdx Account Features

When choosing an account type, it is essential to compare the features across different accounts. Below is a detailed comparison of the key features:

Advantages and Disadvantages of Each Account Type

• Standard Account

• Advantages: Low minimum deposit, no commission, suitable for beginners.

• Disadvantages: Higher spreads compared to ECN accounts.

• ECN Account

• Advantages: Low spreads, direct market access, suitable for scalping.

• Disadvantages: Higher minimum deposit and commission fees.

• Pro Account

• Advantages: Advanced tools, lower commission, suitable for professionals.

• Disadvantages: High minimum deposit requirement.

• Islamic Account

• Advantages: Complies with Islamic finance principles, no swap fees.

• Disadvantages: Limited availability compared to standard accounts.

• Demo Account

• Advantages: Risk-free trading environment, practice strategies.

• Disadvantages: Virtual funds only, not suitable for real trading.

vdx Account Registration Requirements

To open a VDX account, you must meet specific eligibility criteria and provide necessary documentation.

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries, but specific restrictions may apply.
• Prohibited Countries: Countries under international sanctions or restrictions may not be eligible.

Identity Verification Documents Needed

• Proof of Identity: Government-issued ID (passport, national ID card).
• Proof of Residence: Utility bill or bank statement dated within the last three months.

Additional Documentation for Professional Accounts

• Professional Account Verification: Additional documents may be required to verify professional status, such as financial statements or proof of trading experience.

KYC/AML Compliance Procedures

VDX adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) policies. All clients must complete identity verification before trading.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on the completeness of submitted documents.

Step-by-Step vdx Account Opening Guide

Opening a VDX account involves several straightforward steps:

1. Visit the Website: Go to the VDX homepage.
2. Click Registration: Locate and click on the registration button.
3. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
4. Choose Account Type: Select the account type that suits your trading needs.
5. Set Trading Preferences: Specify your trading preferences, including leverage and trading instruments.
6. Document Upload: Upload the required identification and proof of residence documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit the minimum required amount to start trading.
9. Start Trading: Once your account is funded, you can begin trading.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, but the mobile interface may have simplified steps for ease of use.

Common Registration Issues and Solutions

• Issue: Document upload failure.

• Solution: Ensure documents are clear and in the correct format (JPEG, PDF).

• Issue: Account verification delays.

• Solution: Contact customer support for assistance.

Average Account Approval Time

Most accounts are approved within 1-3 business days, depending on the completeness of the documentation provided.

How to Upgrade/Downgrade Account Types

To change your account type, contact VDX customer support with your request. They will guide you through the necessary steps.

vdx Demo Account Guide

The VDX demo account is a valuable tool for traders to practice without financial risk.

Demo Account Features and Benefits

• Virtual Balance Amount: Typically $10,000 in virtual funds.
• Access to All Instruments: Trade the same instruments available in live accounts.
• Practice Trading Strategies: Test strategies in real market conditions without risk.

How to Open a Demo Account

1. Visit the VDX website.
2. Click on the demo account option.
3. Fill out the registration form.
4. Receive login credentials to access the demo account.

Demo Account Limitations

• Time Limit: Demo accounts may expire after a certain period (usually 30 days).
• No Real Trading: Cannot be used for actual trading or withdrawals.

Virtual Balance Amount

Demo accounts typically provide a virtual balance of $10,000, allowing traders to practice effectively.

Demo vs Live Account Differences

• Demo Account: Uses virtual funds, no real profits or losses.
• Live Account: Involves real money, with actual profits and losses.

vdx Islamic Account Details

VDX offers an Islamic account option for traders who require compliance with Sharia law.

Swap-Free/Islamic Account Availability

• Availability: Yes, VDX provides swap-free accounts.

Eligibility Requirements

• Must declare the need for an Islamic account during registration.

Differences from Standard Accounts

• No swap fees applied on overnight positions.

How to Apply for Islamic Account

• Indicate the request for an Islamic account during the registration process or contact customer support.

Restrictions or Special Conditions

• Must comply with VDX's terms and conditions for Islamic accounts.

FAQs – vdx Account Types & Opening

1. What account types does vdx offer？

• VDX offers Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: $100, ECN: $500, Pro: $1,000, Islamic: $100, Demo: $0.

1. How long does vdx account verification take？

• Verification typically takes 1-3 business days.

1. Does vdx offer demo accounts？

• Yes, VDX provides demo accounts for practice trading.

1. Can I have multiple account types with vdx？

• Yes, you can open multiple account types.

1. Does vdx offer Islamic/swap-free accounts？

• Yes, VDX offers Islamic accounts that comply with Sharia law.

1. What documents do I need to open a vdx account？

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.