Hello Wootfi.com Visitors Today We Covered Vonway Forex Broker Review . Please Read Our All review to know more about Athens Broker.
About Vonway Forex
Vonway Forex is a trading name of Vonway Global Limited which is a company Registered in Saint Vincent and Grenadines under 24611 IBC 2018. Main office and registered: Suite 305, Griffith Corporate Centre, P.O.Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines.
By giving the user a webpage that resembles one of those art-style websites that sell handcrafted jewellery, VonWayForex.com takes a much more straightforward approach to the forex experience. Personally, we don’t believe that a forex broker should use this particular theme. The FX industry is typically extremely professional and geared towards a far less humorous style.
Even if we believe that VonWayForex.com doesn’t care, it runs the risk of being ignored. At first, we were quite happy with the general feel and idea of VonWayForex.com, but a few things made us change views, much to our dismay. Before you do something that you could later regret, make sure to read the following review.
Vonway Forex Broker at a glance
| Minimum Balance | $50 |
| Regulation | None |
| Leverage | 1:500 |
| Available assets | Crypto, Forex, indecies |
| Publicly Traded (Listed) | Yes |
| Bank | Yes |
| Mobile App | Available |
| Customer Support | Phone, email Support |
| Trading platform | MT Android, MT IOS |
| Official Website | Click Here To Visit |
How To Create Account At Vonway Forex Broker
To create an account at Vonway, follow these step
- Visit the Vonway Forex Broker website and navigate to the account registration page.
- Fill out the registration form with your personal information, including your name, address, phone number, email address, and date of birth.
- Choose the type of account you want to open, such as a demo account or a live trading account.
- Provide additional information required by the broker, such as your trading experience, financial information, and identification documents.
- Agree to the broker’s terms and conditions and privacy policy.
- Submit your application and wait for the broker to review and approve your account.
Deposit/Withdraw Method AND Fees
As per the payment area in the client portal, the means of depositing are credit cards, and bank transfer. The minimum deposit is $20.
The withdrawal methods are the same as the ones used for funding an account. Requests are processed within 5 working days. The fees attached to withdrawals are those issued by the payment providers themselves. The broker claims not to be charging anything.
Overall VonWayForex.com offers a very clean and surprisingly attractive trading experience. Everything we have discussed so far has been in a positive light for VonWayForex.com, but for the lack of a regulation. This is by far its biggest blunder and the only thing stopping us from recommending the broker. There is potential here for a modest yet effective brokerage. Until it gets its license, if ever, we advise users not to deposit!
Trading platform
MetaTrader WebTrader offers fast order execution capabilities of MetaTrader with ease and convenience of being a web-based application. MetaTrader WebTrader is a user friendly web-based trading platform allowing you to enjoy trading in the Vonway trading environment with no dealing desk from anywhere in the world.
MetaTrader WebTrader has the same tight spreads, Level II Pricing, and one-click trading as the MetaTrader desktop version along with features such as a personalized trader dashboard to allow monitoring of your positions at a glance.
Vonway Forex Regulation and Fund Safety
Vonway Forex asserts to be a Saint Vincent and the Grenadines-based corporation. They assert to be a licenced business. There is, however, no proof of this. This forex broker is not under the supervision of any pertinent regulatory agency.
This implies that the business is free to act however they like. The founders have every right to profit off of the people’s money. Regulatory agencies make sure that businesses don’t engage in fraud. They also make sure that customers are shielded from the business’s financial situation. Putting money into an unlicensed organisation is a terrible decision.
High Grade Features Which Offer By Vonway Forex
Zero commission
Further, the company promises to take zero commissions. This allows all traders to enjoy low-cost trading. This is suitable for any trader. Additionally, they promise hassle-free withdrawals. They assure clients that they will have easy access to their money.
Lightning Fast
Fast trade execution is critical to your success and we challenge ourselves every day to deliver the best experience.
Hassle Free Withdrawals
Easy access to your money is important, we ensure your withdrawal approved less than 24 hours
Trading platform
MetaTrader WebTrader offers fast order execution capabilities of MetaTrader with ease and convenience of being a web-based application. MetaTrader WebTrader is a user friendly web-based trading platform allowing you to enjoy trading in the Vonway trading environment with no dealing desk from anywhere in the world.
Vonway Review Conclusion
This business is not to be trusted. There are far too many warning signs present. To begin with, nobody knows who founded this business. Investing in enigmatic online strangers carries a number of hazards.
Furthermore, there is no proof that this business is governed. They are allowed to act as they like. They can easily escape with the money of investors. Additionally, the organisation is unable to guarantee the security of your money.
Vonway Forex FAQ
Is Vonway a fair Forex Broker?
Vonway is a Forex Broker offering Forex Trading services via MetaTrader 4, MT4 Mobile and Web trading platforms. Regarding orders execution model, Vonway is a b-book broker (market maker). Vonway offers trading of currencies, indices, CFDs, and commodities. Vonway is regulated by the SVG FSA (St. Vincent and the Grenadines).
VONWAYFOREX.COM TRADING SOFTWARE
Everything thus far has been a step in the right direction for this broker, except for the most crucial thing- its lack of a license. The inclusion of a fully functioning MT4 is another positive aspect of this broker, that keeps pushing for excellence but is pulled by its unregulated status.
