"Folks Visions" Has Been Merged By Its Parent Company, "Scalping Dukes".
General Information And Regulations
Folks Vision, Purportedly A Forex And CFD Broker Registered In St. Vincent And The Grenadines, Claims To Offer Its Clients A Number Of Tradable Financial Instruments With Variable Spreads With Leverage Capped At 1:400 And 0.2 Pips On The Premier Metatrader5 Trading Platform, As Well As A Choice Of Three Different Real Account Types.
As For Regulation, It Has Been Verified That Folks Vision Is Not Subject To Any Valid Regulations.
Market Tools
Folks Vision Advertises That It Mainly Offers Forex, Contracts For Difference, And Cryptocurrency Trading.
Account Types
Folks Vision Claims To Offer Three Types Of Trading Accounts, Namely Standard, Professional, And Classic Original. The Minimum Initial Deposit Amount For A Standard Account Is Only $1, While The Other Two Account Types Have Much Higher Minimum Initial Capital Requirements Of $500 And $1,000, Respectively.
Leverage
Folks Vision Offers A Leverage Ratio Of Up To 1:400, Which Is Much Higher Than What Most Brokers Offer. It Is Important To Remember That The Greater The Leverage, The Greater The Risk Of Losing Your Deposit. The Use Of Leverage Can Work Both To Your Advantage And Against You.
Spreads & Commissions
Folks Vision Claims That Different Account Types Can Enjoy Completely Different Spreads. Specifically, Spreads Start At 1.6 For Standard Accounts And 0.6 For Professional Accounts, While Only Classic Original Account Holders Can Enjoy Original Spreads From 0.2. As For Commissions, Standard Account Members Do Not Charge Commissions, While The Commission For Professional Account Clients Is $3 Per Lot, And The Commission For Classic Original Accounts Is $4 Per Lot.
Trading Platform
The Platform That Folks Vision Can Use For Trading, Is A First-class Metatrader5, Compatible With Windows, Android, And Ios End Point. Anyway, We Recommend You To Use Mt4 Or Mt5 As Your Trading Platform. Forex Traders Praise Metatrader For Its Stability And Credibility As The Most Popular Forex Trading Platform. Expert Advisors, Algorithmic Trading, Complex Indicators, And Strategy Testers Are Some Of The Complex Trading Tools Available On This Platform. There Are Currently More Than 10,000 Trading Apps Available On The Metatrader Market For Traders To Use To Improve Performance. By Using The Right Mobile End Points, Including Ios And Android Devices, You Can Trade Via Mt4 And Mt5 Anytime, Anywhere.
Deposit And Withdrawal
Folks Vision's Website Does Not Directly Reveal Any Information About The Accepted Payment Methods. However, From The User Area, We Understand That Users Can Invest Via Telegraphic Transfer And Crypto Wallets In Bitcoin And Tether. It Is Said That The Minimum Initial Deposit Requirement Is $1. The Withdrawal Area Shows A 5% Commission On All Bank Transfers And A Processing Time Of 24 Hours.
Customer Support
Folks Vision Can Contact Our Customer Support Via Email: Support@folksvisions.com, Live Chat Or Message Online To Get In Touch. You Can Also Follow The Broker On Social Media Platforms Such As Twitter, Facebook, Instagram And Youtube. Company Address: Suite 305, Griffith Corporate Centre, Beachmont. However, The Broker Will Not Disclose Other More Direct Contact Information Such As The Phone Number Provided By Most Brokers.
