Search
Vonway Forex broker specializes in providing foreign exchange trading services, the company's official website https://secure.vonwa..., the company's legitimate regulatory information ComorosAOFARetail Forex License to enhance the security of the company's address Room 606, 6/F, Hollywood Centre, 77-91 Queen’s Road West, Sheung Wan, Hong Kong

Vonway Forex Broker

Basic Information

Registered Region
Hong Kong
Operating Period
--
Company Name
Vonway Forex Global
Abbreviation
Vonway
Company employee
--
Customer Service Email Address
info@vonwayforex.com
Contact Number
+85236151075
Company Website
Company address
Room 606, 6/F, Hollywood Centre, 77-91 Queen’s Road West, Sheung Wan, Hong Kong
Keywords
5-10 years
Regulated in Comoros
Retail Forex License
MT4 Full License
Global Business
High potential risk
Offshore Regulated

Company profile

Vonway Review SummaryFounded2020Registered Country/RegionHong KongRegulationAOFA (Offshore Regulated)Market InstrumentsForex, indices, stocks, commodities, cryptocurrenciesDemo Account✅LeverageUp to 1:2000SpreadFrom 0.6 pips (Standard account)Trading PlatformMT4Minimum Deposit$50Customer Support24/7 supportLive chat, contact formTel: +852 3615 1075, +269 39716565Email: info@vonwayforex.comSocial media: Instagram, Facebook, XRegional RestrictionsAfghanistan, Coted Ivoire, Cuba, Iran, Libya, Myanmar, North Korea, Puerto Rico clients are not allowedVonway Information Vonway is an offshore regulated broker, offering trading on forex, indices, stocks, commodities and cryptocurrencies with leverage up to 1:2000 and spread from 0.0 pips on the MT4 trading platform. The minimum deposit requirement is $50.Pros and ConsPros Cons Demo accountsOffshore regulatedVarious contact channelsMT4 platformLow minimum deposit requirementLive chat supportIs Vonway Legit? Yes. Vonway is an offshore regulated broker licensed by AOFA to offer services.Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.Anjouan Offshore Finance Authority (AOFA)Offshore RegulatedVONWAY GLOBAL LIMITEDRetail Forex LicenseL15967/VGLWhat Can I Trade on Vonway? Vonway offers trading on forex, indices, stocks, commodities and cryptocurrencies.Tradable Instruments Supported Forex✔Indices ✔Stocks✔Commodities✔Cryptocurrencies✔Bonds❌Options❌ETFs❌Account Type Here are three account types Vonway offers:Account TypeMinimum DepositStandard $50Raw Spread$50Micro$50Leverage Vonway offers maximum leverage at 1:2000. The use of leverage can both work in your favour and against you. Leverage magnifies the returns from favorable movements in a currency's exchange rate.Vonway FeesAccount TypeSpreadCommissionStandard From 0.6 pips0Raw SpreadFrom 0.1 pips$7/lotMicroFrom 2 pips0Trading PlatformTrading PlatformSupported Available Devices Suitable for MT4✔Desktop, IOS, AndroidBeginnersMT5❌/Experienced tradersDeposit and Withdrawal Vonway accepts payments via credit & debit card, Echelon Pay, Walao Pay, Paytrust and Fpx. Webmoney transactions once processed via bank transfer and accounts funded by Fasapay, Poli/Bpay, Skrill Bitcoin, Rapidpay and Klarna may incur additional charges. Once processed via bank transfer, the funds may take 3-5 business days to reach the bank account.Payment OptionsMinimum DepositMinimum WithdrawalProcessing TimeCredit & Debit Card$50$251 working dayEchelon PayWalao PayPaytrustFpx

Rating Index

MASTER

Minimum Deposit
$50.00

Walao Pay

Minimum Deposit
$50.00
How to login to Vonway?
vonway Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a vonway Account Registering for a vonway account is a straightforward process that allows you to access a variety of trading opportunities. Follow these detailed

  

Vonway Forex Broker - Comprehensive Information Guide

  

1. Broker Overview

  Vonway, officially known as Vonway Global Limited, was established in 2017. The broker is headquartered in Hong Kong, with its primary office located at Room 606, 6/F, Hollywood Centre, 77-91 Queens Road West, Sheung Wan, Hong Kong. Vonway operates as a private entity and serves a diverse clientele, including retail traders and institutional investors, primarily in the Asia-Pacific region.

  Since its inception, Vonway has aimed to provide competitive trading conditions and a user-friendly trading environment. Over the years, it has introduced various trading products and services, establishing itself as a notable player in the forex market. The company emphasizes transparency in its operations and strives to offer innovative trading solutions that cater to the needs of both novice and experienced traders.

  Despite its growth and development, Vonway has faced scrutiny regarding its regulatory status and compliance with international trading standards. The broker's business model focuses on retail forex trading and contracts for difference (CFDs), allowing clients to trade a wide range of financial instruments.

  

2. Regulation and Compliance Information

  Vonway claims to operate under the regulatory oversight of various authorities; however, its actual compliance status raises concerns. Initially, the broker asserted that it was registered with the Financial Services Authority of Saint Vincent and the Grenadines (SVG FSA) under registration number 24611 IBC 2018. However, investigations revealed that this registration number belonged to a different company, casting doubt on Vonway's legitimacy.

  Currently, Vonway operates without regulation from any recognized financial authority, including the Hong Kong Securities and Futures Commission (SFC). As per available information, Vonway is not listed on the SFC register, indicating that it lacks the necessary authorization to provide financial services in Hong Kong.

  The absence of regulatory oversight means that client funds are not protected by any investor compensation scheme. Additionally, Vonway implements a Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance policy, requiring clients to verify their identity and address before opening an account. However, the lack of a regulatory framework puts clients at significant risk, as there is no recourse for disputes or issues that may arise during trading.

  

3. Trading Products and Services

  Vonway offers a diverse range of trading products, including over 800 financial instruments. These encompass various currency pairs, commodities, indices, stocks, and cryptocurrencies. The broker provides access to major, minor, and exotic currency pairs, catering to the preferences of different traders.

  In addition to forex trading, Vonway allows clients to trade CFDs on commodities such as gold, silver, oil, and agricultural products. The broker also offers access to global stock indices and a selection of individual stocks, providing ample opportunities for diversification in trading strategies.

  Despite the extensive range of products, Vonway lacks transparency in terms of product updates and the introduction of new instruments. The absence of detailed information regarding the frequency of product updates may hinder traders' ability to make informed decisions about their trading portfolios.

  

4. Trading Platform and Technology

  Vonway primarily supports the MetaTrader 4 (MT4) trading platform, which is widely recognized for its user-friendly interface and robust trading capabilities. The MT4 platform allows traders to execute trades across multiple devices, including desktop, web, and mobile applications.

  While MT4 provides advanced charting tools, technical indicators, and automated trading capabilities, Vonway does not currently offer support for MetaTrader 5 (MT5) or other proprietary trading platforms. This limitation may affect traders who prefer the features available on more advanced platforms.

  Vonway operates on a market execution model, ensuring that trades are executed at the best available prices from liquidity providers. The broker boasts a low-latency trading environment, with servers located in major financial hubs to facilitate rapid order execution. Additionally, Vonway offers API access for automated trading, catering to algorithmic traders seeking to implement their strategies seamlessly.

  

5. Account Types and Trading Conditions

  Vonway provides two main types of trading accounts: the Standard Account and the Raw Spread Account.

  •   Standard Account: This account type requires a minimum deposit of $50 and offers competitive spreads starting from 0.6 pips. There are no commissions charged on trades, making it a suitable option for traders who prefer straightforward trading conditions.

  •   Raw Spread Account: Designed for more experienced traders, this account type also has a minimum deposit requirement of $50 but features raw spreads starting from 0.0 pips. A commission of $7 per lot is applicable, making it ideal for scalpers and high-frequency traders who benefit from tight spreads.

  Both account types offer leverage options up to 1:2000, allowing traders to amplify their positions significantly. However, it is essential to note that higher leverage increases both potential profits and risks.

  Vonway also offers a demo account for traders to practice their strategies without risking real money. The absence of inactivity fees and restrictions on trading styles further enhances the appeal of Vonway's trading conditions.

  

6. Fund Management

  Vonway supports various deposit and withdrawal methods, including credit/debit cards, bank transfers, and electronic wallets such as Skrill and Neteller. The minimum deposit requirement is set at $50, while the minimum withdrawal amount is $25.

  Deposits are processed within one working day, and there are no fees associated with deposits or withdrawals. However, traders should be aware that third-party fees may apply, depending on the payment method used.

  Withdrawals can be requested through the client area, and Vonway aims to process these requests promptly. However, the processing time for withdrawals may vary based on the method used and the amount being withdrawn.

  

7. Customer Support and Educational Resources

  Vonway offers customer support through multiple channels, including live chat, email, and telephone. The support team is available 24/5, ensuring that traders can receive assistance when needed. However, response times may vary during peak hours, and the lack of dedicated contact forms may limit accessibility for some clients.

  In terms of educational resources, Vonway provides a glossary of trading terms but lacks comprehensive educational materials such as webinars or in-depth tutorials. This may hinder new traders who require guidance in navigating the forex market.

  

8. Regional Coverage and Restrictions

  Vonway primarily serves clients in the Asia-Pacific region, with a focus on markets in Hong Kong and Southeast Asia. However, the broker does not accept clients from certain jurisdictions, including the United States, due to regulatory restrictions.

  The absence of clear information regarding the regions in which Vonway operates may raise concerns for potential clients. Transparency about operational regions is crucial for ensuring compliance with local regulations and protecting traders' interests.

  In conclusion, while Vonway offers a range of trading products and competitive conditions, its lack of regulatory oversight and mixed reviews necessitate caution for potential clients. The broker's operational history and compliance status should be thoroughly assessed before engaging in trading activities.

Vonway Similar Brokers

Over-Operation
SENTINEL
No license plate
3.39
Score
Regulated
Lightyear
Having a license
4.79
Score
Over-Operation
Headway
No license plate
4.28
Score
Regulated
CF
Having a license
5.99
Score
Regulated
Solid
Having a license
5.86
Score
Regulated
OTT
OTT Forex Broker - Complete Information Guide   1. Overview of the Broker   OTT
6.06
Score
Regulated
BOOM
Having a license
5.75
Score
Revoked
CENTRAL
No license plate
5.15
Score
Regulated
WWF
Having a license
5.89
Score
Over-Operation
CJ
CJ Forex Broker - Complete Information Guide   1. Broker Overview   CJ, official
3.57
Score
Over-Operation
CERES
No license plate
5.08
Score
Offshore Regulated
PROFIT
Having a license
3.40
Score
Regulated
IQ Option
Having a license
5.47
Score
Over-Operation
TradeStation
TradeStation Forex Broker - Complete Information Guide   1. Broker Overview   Tr
3.23
Score
Revoked
CLC
No license plate
5.65
Score
Regulated
Capex
Having a license
5.67
Score
Regulated
Topmax Global
4.53
Score
Regulated
INF
INF Forex Broker - Complete Information Guide   1. Broker Overview   INF, offici
5.21
Score
Regulated
amana
Amana Forex Broker - Complete Information Guide   1. Broker Overview   Amana Cap
6.79
Score
Regulated
CFI
CFI Forex Broker - Complete Information Guide   1. Broker Overview   CFI, offici
4.67
Score
Unverified
Deriv
No license plate
6.71
Score
Regulated
MTF
Having a license
7.71
Score
Regulated
ARGUS
Having a license
5.24
Score
Regulated
Surya
Having a license
5.75
Score
Regulated
CMB
CMB Forex Broker - Complete Information Guide   1. Broker Overview   Capital Mar
7.16
Score
Regulated
PFD
PFD Forex Broker - Complete Information Guide   1. Broker Overview   Pacific Fin
6.22
Score
Regulated
Earn
Earn Forex Broker - Complete Information Guide   1. Broker Overview   Earn Broke
7.06
Score
Regulated
GIB
Having a license
6.73
Score
Regulated
Point72
Having a license
7.16
Score
Regulated
SBI
Having a license
8.10
Score
Regulated
Exness
Having a license
9.01
Score
Offshore Regulated
XS
XS Forex Broker - Complete Information Guide   1. Broker Overview   XS Group, op
6.05
Score
Regulated
Daiwa
Having a license
8.10
Score
Regulated
ICBC International
Having a license
7.46
Score
Regulated
Turing
Having a license
5.87
Score

Latest Reviews

akhirmali

akhirmali

Indonesia

I know this broker and registered solely because someone would share signals with the condition of registering with this broker. However, when I tried to verify and verify, I was rejected and kept asking where I was rejected. Because I was annoyed, I immediately said "stupid cs" to their live chat and my account was immediately suspended. I feel very lucky to be suspended right away. I wouldn't know what would happen if I had already deposited. I would definitely be scammed by this broker.

Exposure

06-08

FX4195391785

FX4195391785

Malaysia

I cannot withdraw profit 40.42 usd. Scam . They ask you to deposit 50usd to standard acc but after deposit you cannot withdraw that global profit

Exposure

05-21

tan8836

tan8836

Malaysia

I bought at 2458.08 at 15:29:27 It was closed at 2454.82 at 15:29:27 Meta4 shows that the lowest point at that time was only 2456

Exposure

2024-08-03

Vonway Forex Broker has an overall rating of 4.60, Regulatory Index 3.92, License Index 3.92, Business Index 7.67, Software Index 8.34 Risk Control Index 0.00.