VenusFX foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://venusfx.co/open-account/, about the company's legal and temporary regulatory information, the company's address .
VenusFX Forex Broker
Basic information
United Kingdom
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Note: VenusFX's official website: https://venusfx.co/ is currently inaccessible normally.
VenusFXReview SummaryVenusFX is an offshore broker who was regeisterd in the United Kingdom in 2024. Its leverage is up to 1:1000. However, its minimum deposit is up to $5000, and it is not regulated.
Pros and Cons
| Pros | Cons |
| Diverse trading instruments | High minimum deposit |
| Not regulated | |
| No MT4 or MT5 | |
| Relatively new |
Is VenusFX Legit?
VenusFX is not regulated, even the UK's Financial Conduct Authority (FCA) warned it is not authorised. It means VenusFX is not supervised by any regulations and doesn't need to obey the rules of regulations. Traders should be cautious when trading.
What Can I Trade on VenusFX?
| Tradable Instruments | Supported |
| CFDs | ✔ |
| Cryptocurrencies | ✔ |
| Currency pairs | ✔ |
| Commodities | ✔ |
| Indices | ❌ |
| Stocks | ❌ |
| Options | ❌ |
Account Type
VenusFX offers five account types: Basic, Silver, Gold, Platinum and Diamond.
| Account Type | Min Deposit |
| Basic | $5000 |
| Silver | $10000 |
| Gold | $25000 |
| Platinum | $100000 |
| Diamond | $1000000+ |
Leverage
The leverage ratio is the amount of money you can borrow to trade with. VenusFX offers maximum leverage of up to 1:1000, which means that you can control a position worth 1000 times your initial deposit. For example, if you deposit $100, you could control a position worth $100,000.
The leverage ratios for the different account types at VenusFX are as follows:
| Account Type | Max Leverage |
| Basic | 1:50 |
| Silver | 1:100 |
| Gold | 1:200 |
| Platinum | 1:400 |
| Diamond | 1:1000 |
Leverage can magnify your profits, but it can also magnify your losses. If the market moves against you, you could lose more money than you deposited.
Spread
The spread of VenusFX is 0.8 pips on EUR/USD, which costs less than other brokers.
Trading Platform
VenusFX offers VenusFX Trading Platform, which is a web-based trading platform that allows you to trade from any device with an internet connection.
| Trading Platform | Supported | Available Devices | Suitable for |
| Webtrader | ✔ | Web | / |
| MT4 | ❌ | Desktop, Mobile, Web | Beginners |
| MT5 | ❌ | Desktop, Mobile, Web | Experienced traders |
Deposit and Withdrawal
VenusFX claims that it can deposit and withdraw through VISA, Mastercard, Skrill, CashU, bank wire transfers and Bitcoins. However, it also needs 20% fees for withdrawal. The minimum deposit is $5000 and deposit fees are not mentioned.
Rating Index
Diamond
Platinum
VenusFX Similarly Rated Brokers
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Summary of my personal experience with VenusFX. Establishment time: within one year; Supervision situation: I can't find any effective regulatory information about them online; Minimum deposit requirement: VenusFX has a minimum deposit requirement of $5,000, which is prohibitively high compared to other dealers. Customer service: VenusFX offers a variety of ways to contact people, including phone calls, emails, etc., but it doesn't support live chat and replies to messages are too slow.
Neutral
2023-03-30