FiatVisions Forex Broker

Risk Warning Online trading is dangerous, and you could potentially lose all of your investment funds. Not all investors and traders are suitable for it. Please understand that the information on this website is designed to serve as general guidance, and that you should be aware of the risks. General Information FiatVisions Review Summary Founded 2021 Registered Country/Region Mauritius Regulation No regulation Market Instruments Forex pairs, commodities, indexes, stocks Leverage 1:200 EUR/USD Spread N/A Trading Platforms Proprietary platform Minimum Deposit $5,000 Customer Support telephone, email and live chat What is FiatVisions？ FiatVisions is a brokerage firm that offers a variety of trading instruments across different asset classes, including Forex pairs, commodities, indices, and stocks. It provides a proprietary trading platform bundled with features like raw pricing, fast order execution, market depth, multiple execution modes, and a broad product offering. FiatVisions provides various types of accounts, including BEGINNERS, BASIC, SILVER, GOLD, and VIP accounts, each with different minimum deposit requirements. The brokerage firm also offers different levels of leverage depending on the type of asset being traded. We will examine this broker's attributes from a variety of angles in the following post, giving you clear and organized information. Please continue reading if you're curious. To help you quickly comprehend the broker's qualities, we will also provide a concise conclusion at the end of the piece. Pros & Cons Pros Cons • Wide range of trading instruments across various asset classes • Absence of valid regulation which undermines accountability and safety • Provides its own powerful trading platform bundled with features like raw pricing, fast order execution, market depth, and multiple execution modes • No service during weekends • Various types of accounts to cater to different investment capacities and strategies • No information about spreads & commissions • Customer service is accessible via email, phone, and 24/5 live chat, providing multiple avenues for support • Quality of customer service is not confirmed, potentially leading to issues in support and resolution of problems • High minimum deposit requirement FiatVisions Alternative Brokers There are many alternative brokers to FiatVisions depending on the specific needs and preferences of the trader. Some popular options include: Plus500 - Known for offering a wide range of CFD products, Plus500 is an attractive choice for traders looking for exposure to various global markets. Degiro - Particularly popular in Europe, Degiro offers low-cost trading and a user-friendly platform, making it a good choice for cost-conscious investors in the European market. eToro - Renowned for pioneering social trading, eToro is an excellent choice for those interested in leveraging the knowledge of other successful traders through copy trading. Is FiatVisions Safe or Scam？ It appears that FiatVisions has no valid regulation. Regulatory oversight is a significant aspect of ensuring the safety and reliability of a brokerage firm. Lack of regulation can be a red flag because it means the broker isn't held to any specific standards of conduct set by regulatory bodies, which are designed to protect traders. Thus, given the lack of regulation and multiple reports of withdrawal issues and potential scams, it's difficult to confidently deem FiatVisions a safe broker at this time. It's critical for potential clients to thoroughly research any brokerage they consider using, ensuring they are appropriately regulated and have a history of reliable, transparent operations. It would also be wise to consider user reviews and any reported issues seriously. Market Instruments FiatVisions offers a variety of forex pairs for trading. This involves the simultaneous buying of one currency and selling of another. The pairs could include major, minor, and exotic currency pairs. FiatVisions also offers trading involving commodities such as gold, oil and agricultural products. Such trades usually involve futures contracts, where you agree to buy or sell a commodity at a specific price at a future date. There are probably several index-based trading products available through FiatVisions. A group of equities called an index serve to represent a certain market or sector of a market. Investors can purchase these through exchange-traded funds (ETFs) or index funds. And, FiatVisions allows traders to buy and sell stocks of individual companies. Profits can come from dividends (profit distribution) and capital gains (selling shares at a price higher than the purchase price). Account Account Type Minimum Deposit Beginners $5,000 Basic $25,000 Silver $100,000 Gold $250,000 VIP $1,000,000 FiatVisions offers a Beginners account, which is likely designed for novice traders who are just starting their journey in the world of trading. With a minimum deposit requirement of $5,000, this account provides a more affordable entry point into trading and is ideal for those who are still learning the ropes and do not wish to risk significant amounts of money. With a minimum deposit requirement of $25,000, FiatVisions provides a Basic account that could be aimed at traders who have some experience and are looking to take their trading activities to the next level. They might feel more confident in their trading strategies and are therefore willing to invest more capital. The Silver account requires a minimum deposit of $100,000, suggesting it's targeted towards more serious traders. These individuals might be engaged in trading as a significant part of their investment strategy or possibly even as their primary profession. For high net worth individuals or very serious traders, the Gold account requires a minimum deposit of $250,000. It may offer additional benefits or premium features in return for the higher level of investment. The VIP account is FiatVisions' top-tier account, with a minimum deposit requirement of $1,000,000. The VIP account is designed for elite traders, offering the most comprehensive trading experience, likely with a wide array of premium features, personalized service, and possibly even a dedicated account manager. Leverage FiatVisions provides varying degrees of leverage based on the type of asset class traded. For currencies, FiatVisions provides a high level of leverage at a ratio of 1:200. This means for every dollar that a trader has in their account, they can trade up to 200 dollars of currency. This leverage level is typically seen in forex trading, where small price changes can equate to significant gains or losses due to the large amount of money involved. Commodities and indices at FiatVisions are offered at a leverage of 1:50. This lower leverage compared to currencies signifies the volatility and risk associated with these asset classes. With this leverage, for every dollar in their account, a trader can control up to 50 dollars of commodities or indices. It allows traders to control a significant position while only needing a fraction of the total value. Trading stocks on FiatVisions allows a trader to use a leverage of 1:20. This allows a trader to control up to 20 times their account balance in stocks. Stocks can be volatile and pose a higher risk than currencies, which is reflected in lower leverage. Lastly, for cryptocurrencies, FiatVisions offers a leverage of 1:1, implying no leverage at all. This reflects the high volatility and risk inherent in cryptocurrency markets, where dramatic price swings are common. Types of Asset Class Maximum Leverage Currencies 1:200 Commodities 1:50 Indices 1:50 Stocks 1:20 Cryptos 1:1 Trading Platform FiatVisions provides its own powerful trading platform, which is designed to cater to the needs of traders of various experience levels. The broker claims that the platform is bundled with many features, a range of tools and indicators to match your trading needs. Such as raw pricing, fast order execution, market depth, multiple execution modes, and plenty of products. See the trading platform comparison table below: Broker Trading Platforms FiatVisions Proprietary platform Plus500 Plus500 WebTrader, Plus500 Mobile App Degiro Degiro WebTrader, Degiro Mobile App, API access eToro eToro WebTrader, eToro Mobile App Deposits & Withdrawals FiatVisions Most other Minimum Deposit $5,000 $100 Bank wire transfers, credit/debit cards, and other unspecified payment options are accepted by FiatVisions. Due to the chargeback possibility, we believe that bank cards like VISA and MasterCard are the safest method of payment, irrespective of the brokerage firm. User Exposure on WikiFX You may find reports of frauds and withdrawal issues on our website. Investors are urged to evaluate the risks involved with trading on an unregulated platform and carefully study the information offered. Before trading, you may check the information on our site. Please let us know in the Exposure area if you come across any such dishonest brokers or if you have been the victim of one. We would appreciate that, and our team of professionals will make every effort to help you solve the problem. Customer Service FiatVisions appears to prioritize accessibility in its customer service approach by offering multiple channels for contact. This level of accessibility is crucial in a fast-paced, high-stakes industry like financial trading where prompt support can often be vital. Firstly, the provision of a dedicated email address, info@fiatvisions.com, allows clients to raise detailed queries or concerns in a written format, providing a record of correspondence. This method can be ideal for non-urgent, complex issues that require in-depth responses. Secondly, the availability of a telephone line, +18009721281, indicates a direct, immediate mode of contact. This approach is essential for urgent queries or problems that need immediate attention, allowing for real-time problem-solving and quicker response times. Finally, FiatVisions provides a 24/5 live chat feature. This service offers a blend of immediacy and convenience, allowing clients to reach out for support throughout the trading week at any time of day or night. This could be especially useful for traders operating in various time zones or those who prefer immediate, interactive assistance without making a phone call. Pros and cons of customer service of FiatVisions make a table: Pros Cons • 24/5 live chat service allows for near-constant support throughout the trading week. • Quality of service is not confirmed • Multiple channels of communication • Limits on customer service availability during the weekends Conclusion While FiatVisions seems to provide an extensive range of trading instruments, robust trading platform features, and various account types to accommodate different investor needs, there are substantial concerns. The absence of regulatory oversight and numerous reports of withdrawal difficulties and potential scams significantly undermine its credibility and safety. The customer service, although accessible via email, phone, and 24/5 live chat, doesn't have any confirmed quality of service information, leading to further uncertainty. Therefore, it's strongly advised that potential clients thoroughly research any brokerage they consider, ensuring they are appropriately regulated and have a history of reliable, transparent operations. If considering FiatVisions, proceed with caution and conduct a comprehensive investigation using trusted and authoritative financial sources. Frequently Asked Questions (FAQs) Q1: What types of trading instruments does FiatVisions offer？ A1: FiatVisions offers a variety of trading instruments across different asset classes, including Forex pairs, commodities, indices, and stocks. Q2: Does FiatVisions have any regulatory oversight？ A2: No, FiatVisions does not have any valid regulatory oversight. This is an important point to consider as regulatory oversight is crucial in ensuring the safety and reliability of a brokerage firm. Q3: What types of accounts does FiatVisions offer？ A3: FiatVisions provides a variety of accounts to cater to different levels of investors. These include the BEGINNERS, BASIC, SILVER, GOLD, and VIP accounts. Each of these accounts requires different minimum deposits. Q4: How can I contact FiatVisions' customer service？ A4: FiatVisions offers customer service via email at info@fiatvisions.com, phone at +18009721281, and a 24/5 live chat.