VGX broker Accounts

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

vgx Account Types Explained

Voyager Digital Ltd. offers various account types tailored to different trading needs and profiles. Below is a detailed overview of the available vgx account types:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips
• Leverage Options: Up to 1:30 for retail clients
• Key Features: Access to a wide range of cryptocurrencies, user-friendly interface
• Target User Profile: Beginners and casual traders
• Trading Instruments Available: Cryptocurrencies, Forex, commodities

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Low spreads starting from 0.1 pips, commission of $5 per lot
• Leverage Options: Up to 1:100
• Key Features: Direct market access, faster execution speeds
• Target User Profile: Experienced traders and scalpers
• Trading Instruments Available: Forex, cryptocurrencies

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Tight spreads starting from 0.0 pips, commission of $3 per lot
• Leverage Options: Up to 1:200
• Key Features: Advanced trading tools, priority customer support
• Target User Profile: Professional traders and institutions
• Trading Instruments Available: Forex, cryptocurrencies, commodities

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:30
• Key Features: Swap-free trading to comply with Sharia law
• Target User Profile: Muslim traders
• Trading Instruments Available: Cryptocurrencies, Forex, commodities

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:30
• Key Features: Risk-free trading environment, practice strategies
• Target User Profile: Beginners and traders testing new strategies
• Trading Instruments Available: Cryptocurrencies, Forex, commodities

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account, Demo Account
• Intermediate Traders: ECN Account
• Advanced Traders: Pro Account
• Muslim Traders: Islamic Account

Detailed vgx Account Features

Comparison of Features Across Different Account Types

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly interface

• Access to a variety of cryptocurrencies

• ECN Account:

• Tight spreads and low commissions

• Fast execution speeds

• Direct market access

• Pro Account:

• Advanced trading tools

• Priority customer support

• High leverage options

• Islamic Account:

• Compliance with Sharia law

• No swap fees

• Standard trading features

• Demo Account:

• Risk-free trading environment

• Ability to practice strategies

• No financial commitment

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN and Pro accounts

• Limited advanced features

• ECN Account:

• Higher minimum deposit requirement

• Commission fees may add up for frequent traders

• Pro Account:

• High minimum deposit requirement

• Complexity may deter beginners

• Islamic Account:

• Limited to Muslim traders

• May not have all features of standard accounts

• Demo Account:

• No real financial gains

• Limited duration for practice

vgx Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries, but specific restrictions may apply.
• Prohibited Countries: Countries under sanctions or restrictions by Voyager.

Identity Verification Documents Needed

• Government-issued ID (passport, drivers license)
• Proof of residence (utility bill, bank statement)

Additional Documentation for Professional Accounts

• Financial statements
• Proof of trading experience

KYC/AML Compliance Procedures

• Complete identity verification
• Provide necessary documentation
• Submit to background checks as required

Verification Time Frames

• Typically takes 1-3 business days, depending on the volume of applications.

Step-by-Step vgx Account Opening Guide

Detailed Registration Process

1. Visit Website: Go to the official vgx website.
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 desired account type based on your trading needs.
5. Set Trading Preferences: Specify your trading preferences and risk tolerance.
6. Document Upload: Upload required identity verification documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds into your account to start trading.
9. Start Trading: Access the trading platform and begin your trading journey.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but the mobile app may offer a more streamlined experience.

Common Registration Issues and Solutions

• Issue: Document upload failure

• Solution: Ensure documents are clear and meet size requirements.

• Issue: Verification delays

• Solution: Contact customer support for assistance.

Average Account Approval Time

• Generally, account approval takes between 1-3 business days.

How to Upgrade/Downgrade Account Types

• Log into your account and navigate to the account settings to request an upgrade or downgrade.

vgx Demo Account Guide

Demo Account Features and Benefits

• Allows traders to practice without financial risk.
• Access to real-time market data and trading tools.

How to Open a Demo Account

• Follow the registration process and select the demo account option.

Demo Account Limitations

• Limited duration (typically 30 days).
• Virtual funds only, no real financial transactions.

Virtual Balance Amount

• Usually provided with a virtual balance of $10,000 or similar.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money.

Duration/Expiry of Demo Accounts

• Typically expires after 30 days of inactivity.

vgx Islamic Account Details

Swap-Free/Islamic Account Availability

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

Eligibility Requirements

• Must be a Muslim trader seeking swap-free trading options.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process.

Restrictions or Special Conditions

• Must adhere to Islamic trading principles.

FAQs – vgx Account Types & Opening

1. What account types does vgx offer？

• vgx 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: N/A.

1. How long does vgx account verification take？

• Verification typically takes 1-3 business days.

1. Does vgx offer demo accounts？

• Yes, vgx offers demo accounts for practice trading.

1. Can I have multiple account types with vgx？

• Yes, you can have multiple account types.

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

• Yes, vgx offers Islamic accounts for compliant trading.

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

• Government-issued ID and proof of residence.

1. Can I change my account type after registration？

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