Brief Understanding Of ViTrade
ViTrade Is A Trading Brand Of FlatexDEGIRO Bank AG, A Bank And Brokerage Holding Company That Has Been Operating Under The Supervision Of The BaFin Regulator Since 2006. ViTrade Offers Trading In Securities And Derivatives, Including Around 600 CFDs, More Than 50 Of Which Are CFDs On Currency Pairs. ViTrade Accounts Can Only Be Opened By Clients Of FlatexDEGIRO Bank, Germans And Residents Of Other European Union Countries. According To European Union Regulator ESMA (European Securities And Markets Authority), All Clients Are Classified As Retail Or Professional, Which Triggers Differences In Trading Conditions And Available Protection Instruments.
Advantages Of Trading With ViTrade:
Good Reputation Of The Parent Bank And Stable Financial Indicators;
Regulated Reliable Market Maker In The European Union (Société Générale As A Broker);
No Minimum Investment After Opening An Account;
Trading CFDs On Various Assets And Futures Through One Account;
CFDs Long And Short Positions On More Than 600 Underlying Assets;
CFDs Trading On Currency, Index, Commodity And Interest Rate Futures , At No Additional Cost;
Educational Materials Tailored To The Specific Needs Of Traders Are Provided Free Of Charge.
Disadvantages Of ViTrade:
The Broker's Website Lacks Online Chat And Educational Materials;
ViTrade Does Not Offer Popular Trading Platforms Such As MetaTrader;
High Spreads And Minimum Fees For Trading Futures, Stocks And VIX CFDs In The Amount Of €5.
Trading Account Opening
User Accounts On The ViTrade Website Can Be Accessed After Entering The Client Number And Password. To Obtain Them, Follow These Steps:
1 Click On The Red "Open Account" Button On The ViTrade Website.
2 Fill Out The Form To Open A Trading Account. Provide Your Name, Address, Country Of Residence, Email And Phone Number.
3 Next, Print The Form Displayed On The Screen And Enter The Required Information. After That, The Identification Process Is Carried Out Using PostIdent And The Requested Documents Are Sent To The Broker-specified Address Indicated On The Registration Page. If You Are A Customer Of FlatexDEGIRO Bank, Please Send The Completed Form By Mail. Alternatively, You Can Print The Application For Opening An Account, Fill It There And Then Give It To The Bank Staff.
4 After Reviewing The Application, Open The Trading Account And The Depository Account. The Company Sends The Login Details Of The Account By Mail. Trading Can Be Started After Funding The Account.
Account Type
To Start CFD Trading With ViTrade, Open A Personal Account Online Or At A Physical Branch Of FlatexDEGIRO Bank AG. After That, You Can Apply To Open A Trading Account. There Is No Minimum Requirement For An Initial Deposit, And Account Opening Is Free.
Account Type:
CFD
Konto Is A Unified Account Type Suitable For Both Beginners And Experienced Traders. It Allows To Trade Derivatives On The Broker's Proprietary Platform. The Type Of Trading Fees Depends On The Asset Class And Strategy, Which May Include Spreads, Swaps, Percentages Of Orders Or Minimum Fees.
In Addition To User Accounts, ViTrade Also Offers A Free Demo Version Of The Trading Platform, Indefinite And €100,000 In Virtual Start-up Funds.
ViTrade Is A Broker That Offers Online Trading Services Through Reliable Trading Partners And Works With Major Liquidity Providers.
Deposits And Withdrawals
Funds From ViTrade Trading Accounts Can Only Be Withdrawn By Bank Transfer. E-wallets, Cryptocurrency Trading And Credit/debit Card Operations Are Not Available;
There Are No Transaction Fees When Transferring EUR Funds Into A FlatexDEGIRO Bank AG Account. It Is Also Possible To Withdraw USD, GBP And CHF, But Currency Exchange Fees May Be Required;
If The Application Is Submitted Monday To Thursday, The Processing Time For Withdrawal Of Funds Is Within Three Business Days. Withdrawals Initiated On Friday May Take Longer To Process.
Invest, Options
Active CFD Trading Is The Only Form Of Activity Over The Counter For ViTrade Brokers. Forex Traders Do Not Have A Solution Available To Generate Passive Income. ViTrade's Derivatives Trading Platform Does Not Support Algorithmic Trading And Automated Trading Via Signals.
For Clients Who Combine OTC Market Activity With Investing In Real Securities, Automated Trading (via API) Is Possible On The HTX Platform, As Well As Trading Signals Using Underlying Assets Listed On More Than 30 Stock Exchanges Worldwide.
In Addition, Investors Can Take Advantage Of The Products Of FlatexDEGIRO Bank AG, Which Manages ViTrade. For Example, Capital Can Be Invested In Exchange-traded Funds (ETFs). Currently More Than 700 ETFs Are Available For Orders Starting From €1,000 For Free, But It Is Also Possible To Start With Smaller Amounts.
Customer Support
The Company Provides Telephone Numbers On Its Website For Residents Of Germany And Other Countries. Separate Numbers Are Assigned For Existing And Potential Clients. Technical Support Is Available Monday To Friday: From 8:00 To 22:00 To Assist Clients, While Traders Interested In The Service Can Be Contacted From 9:00 To 18:00 (GMT + 1). The Broker's Office Is Located In Berlin.
