WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
您当前语言与浏览器默认语言不一致,是否切换?
切换
Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10

VIP TRADE

Georgia|5-10 years|
High potential risk|

https://viptrade.ge/en

Website

Rating Index

Influence

Influence

C

Influence index NO.1

India 2.68

Surpassed 15.10% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+995 0322 47 22 22
info@viptrade.ge
https://viptrade.ge/en
Georgia, city Tbilisi, Mtatsminda district, Kostava street, N 36; City Tbilisi, Melikishvili street, N1

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-11-01
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

VIP TRADE · WikiFX Survey

Users who viewed VIP TRADE also viewed..

XM

9.05
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)
Official website

HFM

8.26
Score
10-15 yearsRegulated in CyprusMarket Making(MM)
Official website

ATFX

8.92
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)
Official website

EC Markets

9.05
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)
Official website

VIP TRADE · Company Summary

VIPTRADE Basic Information
Company Name VIPTRADE
Founded 2016
Headquarters Georgia
Regulations No regulation
Tradable Assets Forex, Commodities, Indexs, Cryptocurrencies, Shares, and Metals
Account Types Islamic, Micro, Pro, and VIP
Minimum Deposit $250
Maximum Leverage Up to 1:500 for Forex Trading, Up to 1:100 for Indices, Commodities, and Shares
Deposit & Withdrawal Bank Transfers, Credit/Debit Cards, Electronic Wallets, Cryptocurrencies
Trading Platforms MetaTrader 4 (MT4), MetaTrader 5 (MT5)
Customer Support 24/5 multilingual customer support through Phone, Email, and Live Chat
Education Resources Trading Guides, Video Tutorials, Webinars, Community Support
Bonus Offerings None

General Information

VIPTRADE is a forex brokerage firm founded in 2016 and based in Tbilisi, Georgia. The company provides trading services in forex, shares, indices, and commodities, offering multiple account types with varying features. VIPTRADE uses the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for trading, available to clients who deposit a minimum of $250 and leverage of up to 1:500. To fund and withdraw from accounts, VIPTRADE offers payment options such as bank transfers, credit/debit cards, electronic wallets, and cryptocurrencies.

basic-info

In addition to trading services, VIPTRADE provides educational resources such as articles, videos, tutorials, and community support. Multilingual customer service is available 24/5 via phone, email, and live chat.

Pros and Cons

VIPTRADE offers multiple account types with different features, providing flexibility for traders. The platform supports the popular MT4 and MT5 platforms, ensuring a reliable and familiar trading experience. There are multiple payment options available, making it convenient for account funding and withdrawals. Additionally, VIPTRADE provides competitive maximum leverage of 1:500 and offers negative balance protection for all account types.

However, VIPTRADE has a limited range of educational resources, which may hinder comprehensive learning and skill development. The selection of trading instruments is also limited compared to some competitors, which may restrict trading opportunities. Furthermore, VIPTRADE does not offer fixed spread accounts, and an inactivity fee is charged after two calendar months of inactivity. Additionally, there may be limited availability in certain countries.

Pros Cons
Multiple account types with different features Limited range of educational resources
Popular MT4&MT5 platform for trading Limited trading instruments compared to some competitors
Multiple payment options for easy account funding and withdrawals No fixed spread accounts
Competitive maximum leverage of 1:500 Inactivity fee charged after two calendar months of inactivity
Negative balance protection for all account types Limited availability in certain countries

Market Instruments

VIPTRADE tries to provide variety in its services and products. This is yet evident in how many trading instruments they can offer to the consumer. There are six distinctive asset types that one can start trading with, which are the following:

  • Forex: 47 CFDs on currency pairs

  • ETFs: 380+ ETF CFDs, plus hundreds of ETFs available through MT5

  • Cryptocurrencies: CFDs on Bitcoin, Dash, Ether, Litecoin, Monero and more

  • Shares: 3000+ Share CFDs, as well as the ability to invest in thousands of shares

  • Commodities: CFDs on metals, energies and agriculture commodities

  • Indexes: 20 Index CFDs, including CFDs and Index Futures

  • Metals: Gold and silver

Market
Pros Cons
The diverse range of trading instruments including forex, shares, indices, and commodities A limited selection of exotic currency pairs
Multiple account types to suit different trading needs Limited cryptocurrency assets compared to some competitors
Competitive maximum leverage of 1:500 Overnight swap fees can be high on certain assets

Account Types

VIPTRADE offers a range of live trading accounts, including Micro, Pro, VIP, and ISLAMIC accounts, in addition to demo accounts. The Micro account requires a minimum initial deposit of $500, while the Pro and VIP accounts have minimum initial capital requirements of $5,000 and $30,000 respectively. It's important to note that demo accounts will be deactivated after 180 days, and MT5 demo accounts have a maximum limit of 70 open positions. For ISLAMIC accounts, also known as swap-free accounts, certain fees may apply if trades on specific instruments are held open for a designated number of days.

Account

How to Open an Account?

Opening an account with VIPTRADE is a simple process that can be completed in just a few steps.

1. Visit the broker's website and click on the “Start Trading”button.

open-account

2. On the registration page, you will find a form that requires some essential information. Provide the requested details accurately and ensure all fields are completed. The information typically includes your full name, email address, phone number, and country of residence.

open-account

3. After filling out the registration form and agreeing to the terms and conditions, click on the “Registration” button to proceed. You may be required to verify your email address by clicking on a verification link sent to your provided email.

4. Once you have registered and verified your email address, you may need to provide additional information to complete the account setup process. This may include personal identification documents and proof of address, as required by VIPTRADE's regulatory guidelines.

5. Once your account is fully set up, you can proceed to fund it with the required minimum deposit. VIPTRADE offers various payment methods, including bank transfers, credit/debit cards, and electronic wallets. Choose the payment option that suits you best and follow the instructions provided.

After successfully funding your account, you can log in to the VIPTRADE platform using your account credentials. Explore the trading tools, features, and available financial instruments to start trading.

Remember, if you are new to trading or want to test your strategies, you can utilize the demo account mentioned earlier to familiarize yourself with the platform before committing to real funds.

Leverage

Various financial instruments offered by VIPTRADE have different maximum leverage ratios. For example, the maximum leverage is set at 1:500 for forex and spot indices major, 1:100 for gold, spot indices minor, energy spot, and energy futures. For Platinum, future indices, and commodity futures, the maximum leverage is 1:50, while for shares it is 1:25. Cryptocurrencies have a maximum leverage of 1:10, and silver has a leverage ratio of 1:2. It's important to note that while leverage can amplify gains, it can also increase losses, so inexperienced traders are advised to exercise caution when using high leverage ratios.

Leverage

Here's a table comparing the maximum leverage offered by VIPTRADE and some of its competitors:

Broker Forex Majors & Gold Forex Minors & Exotics Futures Spot & Futures Energy Indices & Metals Stocks & ETFs Cryptocurrencies
VIPTRADE 1:500 1:100 1:500 1:100 1:25 1:10
IC Markets 1:500 1:500 1:200 1:100 1:20 1:05
Exness 1:2000 1:2000 1:200 1:200 1:20 1:02
FP Markets 1:500 1:500 1:100 1:100 1:20 1:05
FBS 1:3000 1:3000 1:100 1:500 1:20 1:03
Leverage

Spreads and Commissions (Trading Fees)

The spreads offered by VIPTRADE vary depending on the account type. The Micro account provides a minimum spread of 4.2 pips for EUR/USD, GBP/USD, USD/JPY, USD/CHF, and USD/CAD, which is considered relatively wide. The Pro account offers spreads starting from 3.4 pips, while the VIP account offers spreads starting from 2.5 pips.

spread-commission

Moreover, the trading commission fees of VIPTRADE vary based on different account types.The Micro account incurs a commission fee of $10/€8/£6 (or equivalent in USD) per lot traded. The Pro account incurs a commission fee of $5/€4/£3 (or equivalent in USD) per lot traded. The VIP account does not incur any commission fees. Additionally, traders should be aware that the broker charges a fee of $45 per million USD traded.

commission

Non-Trading Fees

In addition to trading fees, VIPTRADE also charges non-trading fees that traders should be aware of. These fees include overnight interest fees, inactivity fees, and withdrawal fees.

The overnight interest fee, also referred to as swap rates, is applicable to traders who hold positions overnight. It can have a positive or negative value depending on the currency pair and trade direction. The fee is automatically charged to the client's account at 21:59 (UK time) and is converted into the account's base currency. It is calculated and charged on weekdays for 1-day rollover, except on Fridays when it is calculated and charged three times to accommodate the weekend rollover (Friday to Monday).

non-trading-fees

The inactivity fee is charged when a trader does not place any trades for a certain period. The VIPTRADE company has a policy of charging a commission for account servicing, which amounts to 10% of the account balance or a minimum of 50 USD per calendar month. This commission is applicable if no trading activities are conducted on the account for a period exceeding two calendar months. The inactivity fee will be deducted monthly until trading activity resumes, the account is closed, or the account balance reaches zero. It's important to note that while the fee may deplete the account balance to zero, it will not result in a negative balance.

VIPTRADE also charges withdrawal fees, which vary depending on the withdrawal method used. Withdrawals via bank transfer are typically subject to a fee, while withdrawals via e-wallets may be free of charge.

Overall, while the non-trading fees of VIPTRADE are not excessive, traders should be aware of them and factor them into their trading costs.

Trading Platform Available

When it comes to trading platforms available,VIP TRADE gives traders the industry-standard MetaTrader5 for desktop terminals like Windows and Mac Os, a mobile app for Android, iOS and MT5 Webtrader. MT5 is known as one of the most successful, efficient, and competent forex trading software. While with the MT5 mobile app, trading can be done from anywhere and at any time through the right mobile terminals.

Trading

Deposit & Withdrawal

VIP TRADE accepts a wide selection of deposit and withdrawal options including Bank Transfer, credit/debit cards like VISA and MasterCard, PayPal, UnionPay and cryptocurrencies of Bitcoin, Ethereum, Litecoin and others. Traders can invest in stocks from just $500, and start trading for all trading instruments from $1000. The broker will charge some deposit and withdrawal fees. It will charge 0.5% plus bank commissions for deposits via Bank Transfer; 3% for deposits via card payment; $35 for withdrawals with Bank Transfer; no commission for deposits via other payments and withdrawals with card payment and cash payment. As for the processing time of deposit and withdrawal requests, they usually can be processed for up to 3 working days.

image.png
Deposit
Deposit

Customer Support

VIP TRADEs customer support can be reached through telephone: +0322472222, email: info@viptrade.ge or send messages online to get in touch. Besides, you can also follow this broker on some social media platforms like Facebook, Instagram, LinkedIn, Twitter, YouTube and Telegram. Company address: Georgia, city Tbilisi, Mtatsminda district, Kostava street, N 36; City Tbilisi, Melikishvili Street, N1.

Clients can contact the customer support team via email or phone, and they can expect to receive a response within 24 hours. Phone support is available in multiple languages, and clients can find phone numbers for their respective countries on the broker's website. VIPTRADE also offers a live chat feature on its website, which allows clients to connect with a customer support representative in real time. Live chat is available and is a quick and convenient way for clients to get their questions answered or issues resolved.

VIPTRADE also has an FAQ section on its website that covers a wide range of topics related to trading, account management, and other services provided by the broker. Clients can access the FAQ section by clicking on the Support tab on the broker's website.

Pros Cons
Multilingual customer support available via live chat, email, and phone No 24/7 customer support
Customer support available in multiple languages No social media support

Educational Resources

VIPTRADE offers a range of educational resources and community support to assist traders in their trading endeavors. Here are some of the educational resources and community support available on VIPTRADE's website:

Trading Academy: VIPTRADE provides a comprehensive Trading Academy that offers a wealth of educational materials. Traders can access articles, tutorials, guides, and videos covering various trading topics. The academy covers fundamental and technical analysis, trading strategies, risk management, and more. It caters to both beginner and advanced traders, allowing them to enhance their knowledge and skills.

educational-resources

Webinars and Seminars: VIPTRADE organizes webinars and seminars conducted by industry experts and experienced traders. These online events cover a wide range of trading topics, including market analysis, trading psychology, risk management, and advanced trading strategies. Traders can participate in live sessions, ask questions, and gain insights from seasoned professionals.

Economic Calendar and Market Analysis: VIPTRADE provides an economic calendar that highlights important economic events and announcements that can impact the financial markets. Traders can stay informed about upcoming news releases and their potential impact on various instruments. Additionally, VIPTRADE offers market analysis reports, including technical analysis, fundamental analysis, and market commentaries to help traders make informed trading decisions.

Trading Tools and Resources: VIPTRADE offers a variety of trading tools and resources to assist traders in their analysis and decision-making. These tools may include advanced charting packages, real-time market data, economic indicators, and calculators. Traders can leverage these resources to analyze market trends, monitor price movements, and identify potential trading opportunities.

Community Support: VIPTRADE fosters a community-driven environment through its social trading features and trader forums. Traders can connect with other traders, share insights, discuss trading strategies, and seek advice. Community support allows traders to learn from each other, gain different perspectives, and develop their trading skills.

User Experience and Additional Features:

VIPTRADE is user-friendly and provides customizable features such as charts, indicators, and expert advisors. The platform also offers social trading and automated trading services to assist traders looking for a more passive income stream.

Comparison with Other Brokers:

While VIPTRADE offers competitive spreads and multiple account choices, it lacks trading products compared to other brokers such as Forex.com and IG. At the same time, a minimum deposit of $250 is considered a relatively low threshold.

Broker Products Minimum deposit
VIPTRADE Forex, Commodities, Indices, Cryptocurrencies, Shares, Mentals $250
Forex.com Forex, Commodities, Indices, Cryptocurrencies, Bonds $250
IG Forex, Commodities, Indices, Cryptocurrencies, Shares, Options no minimum deposit requirement

Conclusion:

VIPTRADE is a forex trading platform that offers high leverage, competitive spreads, and multiple trading platforms. However, the broker's product range is limited, and it is not currently regulated by any major financial authority. The customer service team is not available 24/7, and there are limited options for deposit and withdrawal, with bank transfer as the primary method. Traders interested in opening an account with VIPTRADE should carefully consider the advantages and disadvantages before making a decision.

FAQs:

Q: Is VIPTRADE regulated?

A: VIPTRADE is not currently regulated by any major financial authority.

Q: What trading products are offered by VIPTRADE?

A: VIPTRADE offers CFDs on Forex, Metals, Futures, Shares, Spot Indices, Spot Energies & Cryptos.

Q: What account types are available with VIPTRADE?

A: There are four live trading accounts offered by VIPTRADE, apart from demo accounts, namely Micro, Pro, VIP and ISLAMIC accounts.

Q: Does VIPTRADE charge any additional commission fees?

A: VIPTRADE implements varying trading commission fees across its different account types. For the Micro account, traders are subject to a commission fee of $10/€8/£6 (or equivalent in USD) per lot traded. The Pro account carries a lower commission fee of $5/€4/£3 (or equivalent in USD) per lot traded. On the other hand, the VIP account does not involve any commission fees. It is important to note that the broker also applies a fee of $45 per million USD traded.

Q: What payment methods are accepted by VIPTRADE?

A: VIPTRADE accepts bank transfers as the primary method of payment.

Broker Information

Company Name

VIPTRADE LLC

Abbreviation

VIP TRADE

Regulatory Status

No Regulation

Platform registered country and region

Georgia

Company website
Company address
  • Georgia, city Tbilisi, Mtatsminda district, Kostava street, N 36; City Tbilisi, Melikishvili street, N1

Linkedin
WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address
  • info@viptrade.ge

Company Summary

Review 1

1 Comments
Write a comment
All(1) Latest Neutral(1)
Write a comment
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com