AspectDetails Registered CountrySaint Vincent and the Grenadines Company NameVIPTRADE RegulationNot regulated Minimum DepositVIP Account: 30K USD / 50K USD / 100K USD PRO Account: 5K USD / 10K USD / 20K USD MICRO Account: 500 USD / 1500 USD / 3000 USD ISLAMIC Account: Not specified Maximum LeverageVIP Account: 1:500 PRO Account: 1:400 MICRO Account: 1:200 ISLAMIC Account: 1:200 Trading PlatformsMetaTrader 5 (MT5) Tradable AssetsCurrency pairs, metals, CFDs on US stocks, indices, oil, cryptocurrencies Account TypesVIP Account, PRO Account, MICRO Account, ISLAMIC Account Islamic AccountYes Customer SupportPhone: +995 595 47 22 22 (English) +380 800503569 (English) +880 03339784 (Other languages) Email: support@viptrade.eu Website DownYes Reputation (Scam or Not)Not explicitly provided, but lack of regulation and website issues suggest cautionOverview VIPTRADE is a trading platform that offers a wide range of financial instruments, including currency pairs, metals, CFDs on US stocks, indices, oil, and cryptocurrencies. It provides several account types with varying leverage options, catering to different trading needs and risk appetites. VIPTRADE uses the advanced MetaTrader 5 (MT5) trading platform, known for its comprehensive tools and features. However, the company is not regulated, and its website is currently down, which may raise concerns about its security and reliability. Customer support is available through phone and email, offering multiple channels for assistance.Regulation VIPTRADE isn't regulated as a broker, which means there isn't a governing body overseeing their operations. This could make trading with them riskier, as there's less assurance of security and fairness. It's important to be cautious and fully aware of these risks before investing with an unregulated platform.Pros and Cons VIPTRADE offers a variety of trading instruments and account types with high leverage options, which can cater to different trading styles and risk appetites. Their use of the MetaTrader 5 (MT5) platform provides traders with advanced tools and features, making trading more efficient and versatile. However, the fact that VIPTRADE is not regulated and their website is currently down are significant drawbacks. These issues may affect the security and reliability of the platform, making it essential for potential investors to proceed with caution. ProsCons Offers a wide range of trading instruments (currency pairs, metals, CFDs on stocks, indices, oil, and cryptocurrencies) Not regulated, which means there isn't an official body overseeing their operations High leverage options available (up to 1:500) Website is currently down, which is suspicious Utilizes the advanced MetaTrader 5 (MT5) trading platform Potential security and fairness concerns due to lack of regulation Multiple account types to suit different trading needs and risk levels High minimum deposit requirements for some accounts (VIP Account) Comprehensive customer support available through phone and email Potential risk of higher losses due to high leverageMarket Instruments VIPTRADE offers a diverse range of market instruments to cater to the varying needs of its traders. One of the primary market instruments available is currency pairs. With VIPTRADE, traders have access to thousands of currency pairs, allowing them to engage in the foreign exchange market with a broad selection of major, minor, and exotic currency pairs. This extensive range ensures that traders can take advantage of various market opportunities and volatility in the forex market. In addition to currency pairs, VIPTRADE provides the opportunity to trade metals. Precious metals like gold and silver are popular trading instruments due to their value and the role they play as safe-haven assets. Trading metals allows investors to diversify their portfolios and hedge against economic uncertainties and inflation. VIPTRADE also offers Contracts for Difference (CFDs) on US stocks. This allows traders to speculate on the price movements of various US-listed companies without actually owning the underlying stocks. CFDs on US stocks provide traders with the flexibility to go long or short, enabling them to profit from both rising and falling markets. Additionally, VIPTRADE provides CFDs on Indices, allowing traders to speculate on the performance of major stock indices from around the world. This includes indices like the S&P 500, NASDAQ, and Dow Jones Industrial Average. Trading indices offers a way to gain exposure to an entire market or sector with a single trade. The platform also supports trading CFDs on Oil, which is a crucial commodity in the global market. Oil trading allows investors to benefit from fluctuations in oil prices driven by supply and demand dynamics, geopolitical events, and economic data. Lastly, VIPTRADE offers trading in cryptocurrencies, providing access to popular digital assets like Bitcoin, Ethereum, and Litecoin. Cryptocurrencies have become increasingly popular due to their volatility and the potential for significant returns. Trading cryptocurrencies on VIPTRADE allows investors to capitalize on the rapid price movements in the digital currency market.Account Types VIPTRADE offers a VIP Account designed for high-level traders. This account provides a maximum leverage of 1:500, allowing for substantial trading power. The minimum deposit required ranges from 30K USD to 100K USD, catering to serious investors. VIP Account holders have access to an extensive selection of trading products, including 27000 currency pairs, Metals, CFD on US stocks, CFD on Indices, CFD on Oil, and Cryptocurrencies. For experienced traders, VIPTRADE offers a PRO Account. This account type allows for a maximum leverage of 1:400 and requires a minimum deposit ranging from 5K USD to 20K USD. PRO Account holders can trade over 4500 currency pairs, Metals, CFD on US stocks, CFD on Indices, CFD on Oil, and Cryptocurrencies. For those just starting out, VIPTRADE offers a MICRO Account. This account provides a maximum leverage of 1:200 and has a minimum deposit requirement ranging from 500 USD to 3000 USD. MICRO Account holders can trade 280 currency pairs, Metals, CFD on US stocks, CFD on Indices, CFD on Oil, and Cryptocurrencies. Finally, VIPTRADE offers an ISLAMIC Account, which caters to traders looking for Sharia-compliant trading options. This account also offers a maximum leverage of 1:200. While the minimum deposit is not specified, traders with an ISLAMIC Account have access to the same broad range of products as the PRO Account, including 4500+ currency pairs, Metals, CFD on US stocks, CFD on Indices, CFD on Oil, and Cryptocurrencies. FeatureVIP AccountPRO AccountMICRO AccountISLAMIC Account Maximum Leverage1:5001:4001:2001:200 Minimum Deposit30K USD / 50K USD / 100K USD5K USD / 10K USD / 20K USD500 USD / 1500 USD / 3000 USDNot specified Products27000 currency pairs, Metals, CFD on US stocks, CFD on Indices, CFD on Oil, Cryptocurrencies4500+ currency pairs, Metals, CFD on US stocks, CFD on Indices, CFD on Oil, Cryptocurrencies280 currency pairs, Metals, CFD on US stocks, CFD on Indices, CFD on Oil, Cryptocurrencies4500+ currency pairs, Metals, CFD on US stocks, CFD on Indices, CFD on Oil, CryptocurrenciesLeverage VIPTRADE offers varying levels of leverage across its different account types, providing traders with the flexibility to choose the leverage that best suits their trading style and risk tolerance. The maximum trading leverage offered by VIPTRADE is up to 1:500, which is available for the VIP Account. This high leverage allows traders to control a larger position with a smaller amount of capital, potentially increasing both profits and risks. For the PRO Account, the maximum leverage available is 1:400. This level of leverage is slightly lower than that of the VIP Account but still provides substantial trading power, making it suitable for experienced traders who wish to amplify their market exposure. The MICRO Account offers a maximum leverage of 1:200. This more conservative leverage level is designed to cater to beginner traders or those who prefer a lower risk profile while still providing the ability to magnify their trading positions. The ISLAMIC Account, tailored for traders seeking Sharia-compliant trading options, also offers a maximum leverage of 1:200. This ensures that traders can maintain significant trading power while adhering to their religious principles. Overall, VIPTRADE's leverage offerings allow traders to maximize their market exposure according to their individual trading strategies and risk management preferences.Trading Platforms VIPTRADE's trading platform, MetaTrader 5 (MT5), is a highly advanced and versatile trading software that caters to the needs of both novice and experienced traders. MT5 offers a comprehensive suite of trading tools and features, including an intuitive user interface, sophisticated charting capabilities, and a wide range of technical indicators and analytical tools. The platform supports automated trading through Expert Advisors (EAs), enabling users to implement complex trading strategies with ease. Additionally, MT5 provides access to a vast array of financial markets, including forex, commodities, stocks, indices, and cryptocurrencies, all within a single platform. With its robust security measures and seamless functionality across multiple devices, MT5 ensures a reliable and efficient trading experience for VIPTRADE clients.Customer Support VIPTRADE provides comprehensive customer support to ensure that traders receive the assistance they need in a timely and efficient manner. Clients can reach out to the support team through various contact numbers, including +995 595 47 22 22 for English support, +380 800503569 for English support, and +880 03339784 for additional support in other languages. Additionally, VIPTRADE offers support through email at support@viptrade.eu, allowing traders to send detailed inquiries and receive responses from the customer service team. This multi-channel support system ensures that clients can get help with their trading-related questions and issues, regardless of their location or preferred method of communication.Conclusion VIPTRADE offers a variety of trading instruments and account types, with different leverage options to fit various trading styles and risk levels. However, it's important to note that VIPTRADE is not regulated, so there isn't an official body overseeing their operations. Additionally, their website being down is something to be cautious about. Make sure to consider these factors carefully before deciding to invest with VIPTRADE.FAQs Is VIPTRADE a regulated broker？ No, VIPTRADE is not regulated, which means there isn't a governing body overseeing its operations. What is the maximum leverage offered by VIPTRADE？ The maximum leverage offered is up to 1:500, available for the VIP Account. What trading platform does VIPTRADE use？ VIPTRADE uses the MetaTrader 5 (MT5) trading platform. What is the minimum deposit for a PRO Account？ The minimum deposit for a PRO Account ranges from 5K USD to 20K USD. How can I contact VIPTRADE's customer support？ You can reach VIPTRADE's customer support via phone numbers for English support and additional languages, or by email at support@viptrade.eu.Risk Warning Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities. Additionally, the content of this review is subject to change, reflecting updates in the company's services and policies. The review's creation date is also relevant, as information could have become outdated. Readers should confirm the latest information with the company prior to making any investment decisions. The responsibility for utilizing the information provided herein lies exclusively with the reader.