Viseno Forex Broker

Note: For some unknown reason, we cannot open Visenos official site (https://www.visenofx.com/en) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue. General Information & Regulation Viseno, a trading name of Viseno Capital Limited, is allegedly a forex broker registered in China that claims to provide its clients with forex trading with leverage up to 1:500 and floating spreads on the industry-standard MetaTrader4 trading platform. As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, deposit & withdrawal methods, etc. As for regulation, it has been verified that Viseno does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.24/10. Please be aware of the risk. Negative Reviews Some traders shared their terrible trading experiences on the Viseno platform at WikiFX. They said this platform had severe slippage and they were unable to withdraw. It is necessary for traders to read reviews left by some users before choosing forex brokers, in case they are defrauded by scams. Market Instruments Viseno is a forex broker that mainly offers forex trading. However, more specific information about tradable assets cannot be found on the Internet. Leverage A leverage ratio of up to 1:500 is offered by Viseno, which is much higher than that provided by most brokers. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you. Spreads As tested on the demo MT4 account, the spread on EUR/USD offered by Viseno was floating around 2.1 pips, which is much higher than the industry average of 1.5 pips. Trading Platform Available The platform available for trading at Viseno is the worlds leading MetaTrader4. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5. Deposit & Withdrawal The minimum initial deposit requirement at Viseno is said to be only $1. However, the broker says nothing about the acceptable deposit and withdrawal methods. Customer Support Unluckily, we didn‘t find any useful information about Viseno’s customer support on the Internet. Generally, regulated brokers will reveal their telephone numbers, email or company address to let their clients get in touch with them. Risk Warning Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.