Visionfx broker Accounts

visionfx Account Types Overview

visionfx Account Types Explained

VisionFX offers a variety of account types tailored to different trading needs and experience levels. Below is a detailed overview of the available account types:

1. VIP Account

• Minimum Deposit Requirement: $10,000
• Spread/Commission Structure: Variable spreads starting from 0.1 pips; commission of $5 per lot.
• Leverage Options: Up to 1:500.
• Key Features: Personalized account manager, priority customer support, and exclusive trading tools.
• Target User Profile: Experienced traders and institutional clients.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

2. PRO Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips; commission of $3 per lot.
• Leverage Options: Up to 1:500.
• Key Features: Advanced trading tools, access to market analysis, and lower trading costs.
• Target User Profile: Intermediate to advanced traders.
• Trading Instruments Available: Forex, commodities, and indices.

3. CLASSIC Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Fixed spreads starting from 1.5 pips; no commission.
• Leverage Options: Up to 1:400.
• Key Features: Standard features for retail traders, suitable for beginners.
• Target User Profile: Beginner traders.
• Trading Instruments Available: Forex pairs and commodities.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to CLASSIC account; no swap fees.
• Leverage Options: Up to 1:400.
• Key Features: Compliant with Sharia law, no interest on overnight positions.
• Target User Profile: Muslim traders seeking a compliant trading environment.
• Trading Instruments Available: Forex pairs and commodities.

5. Demo Account

• Minimum Deposit Requirement: Virtual balance (typically $10,000).
• Spread/Commission Structure: Similar to CLASSIC account.
• Leverage Options: Up to 1:400.
• Key Features: Risk-free trading environment to practice strategies.
• Target User Profile: All levels, especially beginners.
• Trading Instruments Available: Forex pairs and commodities.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: CLASSIC Account or Demo Account
• Intermediate Traders: PRO Account
• Advanced Traders: VIP Account
• Muslim Traders: Islamic Account

visionfx Account Features Comparison

Detailed visionfx Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• VIP: $10,000

• PRO: $1,000

• CLASSIC: $100

• Islamic: $100

• Demo: Virtual balance

• Maximum Leverage:

• VIP: 1:500

• PRO: 1:500

• CLASSIC: 1:400

• Islamic: 1:400

• Demo: 1:400

• Spreads (Typical/Minimum):

• VIP: From 0.1 pips

• PRO: From 0.5 pips

• CLASSIC: From 1.5 pips

• Islamic: Similar to CLASSIC

• Demo: Similar to CLASSIC

• Commission Fees:

• VIP: $5 per lot

• PRO: $3 per lot

• CLASSIC: None

• Islamic: None

• Demo: None

• Lot Size:

• VIP: Standard

• PRO: Standard

• CLASSIC: Micro

• Islamic: Micro

• Demo: Micro

• Available Trading Platforms:

• All accounts: MT4, MT5

• Execution Type:

• VIP: ECN

• PRO: ECN

• CLASSIC: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Available for CLASSIC and Islamic accounts.

• Swap-Free Options:

• Available for Islamic accounts.

• Demo Account Features:

• Virtual trading environment with real market conditions.

Advantages of Each Account Type

• VIP Account:
• Personalized support, lower trading costs, exclusive tools.
• PRO Account:
• Advanced tools, lower commissions, suitable for serious traders.
• CLASSIC Account:
• Low entry barrier, fixed spreads, ideal for beginners.
• Islamic Account:
• Compliance with Sharia law, no interest charges.
• Demo Account:
• Risk-free environment, practice strategies without financial risk.

Disadvantages of Each Account Type

• VIP Account:
• High minimum deposit, not suitable for casual traders.
• PRO Account:
• Requires more trading knowledge, higher minimum deposit than CLASSIC.
• CLASSIC Account:
• Higher spreads compared to ECN accounts.
• Islamic Account:
• Limited to specific trading instruments.
• Demo Account:
• Limited duration, may not reflect real trading emotions.

visionfx Account Opening Requirements

visionfx Account Registration Requirements

Eligibility Criteria

• Age Requirements: Minimum age of 18 years.
• Geographic Restrictions: Available to traders in most countries, specific restrictions may apply.
• Prohibited Countries: Not specified in available data.

Identity Verification Documents Needed

• Proof of Identity: Government-issued ID (passport, national ID).
• Proof of Residence: Utility bill, bank statement, or official government document.

Additional Documentation for Professional Accounts

• May require additional financial documentation to verify trading experience and financial status.

KYC/AML Compliance Procedures

• All accounts must comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.

Verification Time Frames

• Account verification typically takes 1-3 business days.

visionfx Account Opening Process

Step-by-Step visionfx Account Opening Guide

1. Visit Website and Click Registration: Navigate to the VisionFX homepage and select the registration option.
2. Personal Information Entry: Fill in personal details including name, email, and phone number.
3. Choose Account Type: Select the desired account type (VIP, PRO, CLASSIC, Islamic, or Demo).
4. Set Trading Preferences: Specify trading preferences and leverage options.
5. Document Upload: Upload required identification and proof of residence documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to activate the account.
8. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with a user-friendly interface for both.

Common Registration Issues and Solutions

• Issue: Document upload failure.

  Solution: Ensure documents are clear and in the correct format.

• Issue: Verification delays.

  Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically 1-3 business days, depending on document verification speed.

How to Upgrade/Downgrade Account Types

• Account types can be changed by contacting customer support and providing the necessary documentation for the new account type.

visionfx Demo Account Information

visionfx Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading strategies without financial risk.

How to Open a Demo Account

• Select the demo account option during the registration process and follow the prompts.

Demo Account Limitations

• Limited duration and may not provide access to all trading instruments available in live accounts.

Virtual Balance Amount

• Typically set at $10,000 for practice purposes.

Demo vs Live Account Differences

• Demo accounts do not involve real money and may not reflect emotional aspects of trading.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after a specified period, often 30-90 days.

visionfx Islamic Account Details

visionfx Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available and comply with Sharia law.

Eligibility Requirements

• Must be a Muslim trader seeking a compliant trading environment.

Differences from Standard Accounts

• No swap fees are charged on overnight positions.

How to Apply for Islamic Account

• Select the Islamic account option during registration or contact customer support for assistance.

Restrictions or Special Conditions

• Must adhere to Islamic trading principles, including no interest on trades.

FAQs – visionfx Account Types & Opening

1. What account types does visionfx offer？

• VisionFX offers VIP, PRO, CLASSIC, Islamic, and Demo accounts.

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

• VIP: $10,000, PRO: $1,000, CLASSIC: $100, Islamic: $100, Demo: Virtual balance.

1. How long does visionfx account verification take？

• Verification typically takes 1-3 business days.

1. Does visionfx offer demo accounts？

• Yes, visionfx offers demo accounts for practice trading.

1. Can I have multiple account types with visionfx？

• Yes, traders can have multiple account types.

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

• Yes, Islamic accounts are available.

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

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

1. Can I change my account type after registration？

• Yes, account types can be changed by contacting customer support.