VenusFX's Official Website: Https://venusfx.co/is Not Currently Accessible. Therefore, We Can Only Collect Relevant Information From The Internet To Present The General Situation Of This Broker.
VenusFX Is An Offshore Broker Registered In The UK In 2024. Its Leverage Can Reach 1:1000. However, Its Minimum Deposit Is Up To 5000 Dollars And It Is Unregulated.
Pros And Cons
Pros
Diverse Trading Instruments
Cons
High Minimum Deposit
Unregulated
No MT4 Or MT5
Relatively New
Is VenusFX Legal?
VenusFX Is Unregulated, And Even The UK Financial Conduct Authority (FCA) Warned It Was Unauthorized. This Means That VenusFX Is Not Overseen By Any Regulator And Does Not Need To Comply With Regulatory Requirements. Traders Should Exercise Caution When Trading.
Market Instruments
VenusFX Offers A Variety Of Market Instruments, Including Contracts For Difference, Cryptocurrencies, Currency Pairs, And Commodities.
Account Types
VenusFX Offers Five Account Types: Basic Account, Silver Account, Gold Account, Platinum Account, And Diamond Account With Minimum Deposits Of 5,000 Dollars, 10,000 Dollars, 25,000 Dollars, 100,000 Dollars, And 1,000,000 Dollars +, Respectively.
Leverage
Leverage Is The Amount Of Money You Can Borrow To Trade. VenusFX Offers A Maximum Leverage Ratio Of 1:1000, Which Means You Can Control A Position Worth 1000 Times Your Initial Deposit. For Example, If You Deposit 100 Dollars, You Can Control A Position Worth $100,000.
Leverage Can Amplify Your Profits, But It Can Also Amplify Your Losses. If The Market Moves In The Opposite Direction, You May Lose More Than You Deposited.
Spread
VenusFX Has A Spread Of 0.8 Pips (EUR/USD), Which Is Lower Cost Than Other Brokers.
Trading Platform
VenusFX Offers The VenusFX Trading Platform, A Web-based Trading Platform That Allows You To Trade From Any Internet-connected Device.
Deposits And Withdrawals
VenusFX Claims To Be Able To Make Deposits And Withdrawals Via VISA, Mastercard, Skrill, CashU, Bank Telegraphic Transfer, And Bitcoin. However, There Is Also A 20% Processing Fee For Withdrawals. The Minimum Deposit Is 5000 Dollars, And The Deposit Processing Fee Is Not Mentioned.
Customer Support
24/5 Contact Form
Phone: + 44 2081576795
Email: Support@venusfx.co
