VISION GLOBAL FX Forex Broker

Note: VISION GLOBAL FX' official website: https://visionglobalfx.com/ is currently inaccessible normally.VISION GLOBAL FX Review SummaryFounded/Registered Country/RegionUnited KingdomRegulationUnregulatedMarket InstrumentsForex, spot precious metals, spot commodities, CFD indices pairs and cryptocurrenciesDemo Account✔LeverageUp to 1:1000SpreadFrom 0.1 pipsTrading PlatformMT5Min Deposit$10Customer Support24/5 multilingual serviceLive chat, contact formEmail: support@visionglobalfx.comTwitter, Facebook and InstagramRegistered Office: 61 Bridge St, Kington HR5 3DJ, UK VISION GLOBAL FX presents itself as a global management consulting firm registered in the United Kingdom that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:1000 and variable spreads from 0.1 pips on the MT5 for Desktop, Android and iOS trading platforms, as well as a choice of three different live account types and 24/5 multilingual service. Here is the home page of this brokers official site:Pros and ConsPros Cons Demo accountsInaccessible websiteVarious account typesUnregulatedFlexible leverage ratiosCommission-free account offeredMT5 supportedLow minimum depositMultiple payment optionsNo deposit and withdrawal feesIs VISION GLOBAL FX Legit? No, VISION GLOBAL FX operates as an unregulated and largely anonymous website. Moreover, the Financial Conduct Authority (FCA) in the UK has already identified it as a scam. Additionally, the site fails to provide a legitimate Client Agreement, further confirming its questionable nature and suggesting that it is indeed a scam.What Can I Trade on VISION GLOBAL FX? VISION GLOBAL FX offers forex and CFDs products. VISION GLOBAL FX advertises that it offers access to multiple financial products which include forex, spot precious metals, spot commodities, CFD indices pairs and cryptocurrencies.Tradable Instruments Supported Forex✔Spot precious metals✔Spot commodities✔CFD indices✔Cryptocurrencies✔Stocks❌Bonds❌Options❌ETFs❌Account Type Apart from demo accounts, VISION GLOBAL FX claims to offer three types of trading accounts, namely Classic, Pro and VIP, as well as Swap Free Account. The minimum initial deposit amount is only $10 for the Classic account, while the other two account types have much higher minimum initial capital requirements of $100 and $500 respectively.Account TypeMin DepositCLASSIC$10PRO$100VIP$500Leverage The specified leverage for different account types at VISION GLOBAL FX varies between 1:300 and 1:1000.Account TypeMax LeverageCLASSIC1:1000PRO1:500VIP1:300 However, high leverage can lead to substantial profits, but it also carries significant risks. Use leverage cautiously to avoid excessive risk.VISION GLOBAL FX Fees VISION GLOBAL FX claims that clients on different account types have different spreads and commissions.Account TypeSpreadCommissionCLASSICFrom 1.8 pips❌PROFrom 0.6 pips$5 per lotVIPFrom 0.1 pips$2.5 per loTrading Platform VISION GLOBAL FX claims to provide MetaTrader 5 (MT5); however, the website offers two distinct MT5 platforms for download, neither of which is specifically configured for VISION GLOBAL FX. Moreover, the site fails to provide login credentials for MT5 after account registration.Trading PlatformSupported Available Devices Suitable for MT5✔Desktop, Android and iOSExperienced tradersMT4❌/BeginnersDeposit and Withdrawal VISION GLOBAL FXs website states that the broker accepts deposits via Neteller, Skrill, Pay Trust, Perfect Money, Bitcoin, Visa, MasterCard, Bank Wire Transfer and Local Transfer, while withdrawal methods include these deposit methods but except for Visa and MasterCard. The minimum initial deposit requirement is said to be only $10, while there is no mention of what the minimum withdrawal amount is. There are no deposit and withdrawal fees charged. As for the processing time of deposit and withdrawal requests, Bank Wire Transfer and Local Transfer deposits can be processed within 1 business day, while other deposits are instant. Bank Wire Transfer and Local Transfer withdrawals are said to be processed within 1 hour, while other withdrawals are instant.