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Pros

Regulated by reputable authorities such as BaFin and FINRA, ensuring a level of security for traders.
Offers a wide range of trading instruments, including over 251 assets across forex, CFDs, and commodities.
Provides a demo account for new traders to practice and familiarize themselves with the platform without risking real money.

Cons

High minimum deposit requirement of $5,000, which may be a barrier for beginner traders.
Charges withdrawal and inactivity fees, which can affect overall trading profitability.
Limited customer support options and sometimes slow response times, particularly for email inquiries.

VPE BANK broker Accounts

VPE Bank Account Types

VPE Bank offers several types of trading accounts to cater to different trading needs. The main account types include:

  • Mini Account:
    • Minimum Deposit: $5,000
    • Leverage: Up to 100:1
    • Trading Platform: MT4, VPE FX Pro
    • Features: Allows scalping and hedging, supports trailing stops, and offers a variety of trading instruments including forex, commodities, indices, and CFDs.
    • Standard Account:
      • Minimum Deposit: $5,000
      • Leverage: Up to 100:1
      • Trading Platform: MT4, VPE FX Pro
      • Features: Similar to the Mini Account, with access to a broader range of trading instruments and advanced trading features.
      • ECN Account:
        • Minimum Deposit: $5,000
        • Leverage: Up to 100:1
        • Trading Platform: MT4, VPE FX Pro
        • Features: Direct market access with lower spreads, ideal for high-frequency traders.
        • STP Account:
          • Minimum Deposit: $5,000
          • Leverage: Up to 100:1
          • Trading Platform: MT4, VPE FX Pro
          • Features: Straight-through processing for faster execution and reduced latency.

          VPE Bank Broker Account Opening Process

          Opening a trading account with VPE Bank involves a straightforward process:

          • Registration:
            • Visit the VPE Bank website and fill out the registration form with your personal details, including your name, email address, and contact information.
            • Account Verification:
              • Provide necessary documents for KYC (Know Your Customer) verification, such as:
              • A scanned copy of your passport or national ID.
              • A recent utility bill or bank statement to verify your address.
              • Minimum Deposit:
                • Fund your account with a minimum deposit of $5,000 to activate your trading account.
                • Platform Access:
                  • Once your account is verified and funded, you will receive login credentials to access the trading platform (MT4 or VPE FX Pro).
                  • Start Trading:
                    • After logging in, you can start trading in various financial instruments offered by VPE Bank.

                    By following these steps, you can successfully open an account and begin your trading journey with VPE Bank.

VPE BANK accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
VPE BANK Account