Company profile
GLOVICE VC Review Summary Founded2020 Registered Country/RegionSaint Vincent and the Grenadines RegulationUnregulated Market InstrumentsForex (Other instruments coming soon: Commodities, Indices, Metals, Energies) Demo Account✔ LeverageUp to 1:500 SpreadStandard Account: From 1.0 pips, Micro Account: From 1.5 pips Trading PlatformMetaTrader 4 (MT4) Min Deposit$5 Customer SupportAddress: 211 Proceed Nihonbashi-honcho, 4-10-5 Nihonbashi-honcho Chuo-ku, Tokyo, Japan Email: support@kj-glovicevc.com Tel: +81 3 6262 7212GLOVICE VC Information Financial services company GLOVICE VC provides access to the MetaTrader 4 (MT4) platform and Forex trading with leverage up to 1:500. Despite offering demo accounts, the platform is unregulated and other trading instruments are still marked as “Coming Soon,” which casts doubt on its entire legitimacy and product offerings.Pros and Cons Pros Cons Low minimum deposit ($5)Unregulated Offers both Standard and Micro AccountsLimited market instruments; only Forex trading available MetaTrader 4 (MT4) support for all devicesNo Islamic account options Leverage up to 1:500Lacks information on deposit and withdrawal feesIs GLOVICE VC Legit? A registered company in Saint Vincent and the Grenadines, GLOVICE VC is unregulated. The FCA (UK) and ASIC (Australia) licenses are also missing. Its unregulated services create safety and legitimacy problems. The domain kj-glovicevc.com was registered on January 9, 2020, is active with a status of “OK,” and will expire on January 9, 2027.What Can I Trade on GLOVICE VC? GLOVICE VC currently offers Forex trading, while other instruments such as Commodities, Indices, Metals, and Energies are marked as “Coming Soon.” Tradable Instruments Supported Forex✔ Commodities❌ Indices❌ Metals❌ Energies❌Account Types GLOVICE VC offers two live account types—Standard Account (spreads from 1.0, contract size 100,000) for experienced traders and Micro Account (spreads from 1.5, contract size 1,000) for beginners. Both require a $5 minimum deposit, leverage up to 500:1, and support 60 currency pairs. A demo account is available, but no Islamic account is offered.Leverage With leverage of up to 500:1, GLOVICE VC enables traders to manage larger holdings with a modest initial outlay. High leverage raises the possibility of huge losses even while it can boost possible earnings, therefore risk management is essential for leveraged trading.GLOVICE VC Fees GLOVICE VC's fees are consistent with industry standards, with spreads starting from 1.0 pips for the Standard Account and 1.5 pips for the Micro Account. Both account types have no commission charges.Trading Platform Trading PlatformSupported Available Devices Suitable for what kind of traders MetaTrader 4 (MT4)✔Desktop, Mobile (iOS, Android)All levels of traders: beginners to professionalsDeposit and Withdrawal GLOVICE VC has not explicitly stated whether deposit or withdrawal fees apply. The minimum deposit is $5.
Is GLOVICE VC safe or scam
Saint Vincent and the Grenadines
5-10 years
FX1490436618
Malaysia
Took the plunge into the unregulated abyss of this trading platform - like a rebel without a cause. Variety is the spice of trading here, commodities, indices galore - surely a trading haute couture. Major props to the margin and pip calculator - sharp as a tack. Decided to give the Micro account a whirl - 100 bucks, spreads from 2.0 pips, off to the races. They've even got a demo account, perfect for a wet-behind-the-ears newbie. With zero commission, it’s quite the bargain, but remember - one man’s treasure can be another man’s wreckage, so trade with care.
Positive
2023-12-04