WikiFX Review: Is It Okay to Invest in VIPGlobal Capital?

VIPGlobal Capital Ltd was founded in 2023 and registered in Saint Lucia. In this article, we will delve into what this broker has to offer, from its account types to its regulatory status and WikiFX rating.

About VIPGlobal Capital

VIPGlobal Capital Ltd is a forex broker registered in Saint Lucia. This broker is a new broker because it was founded in 2023. It provides traders with multiple account options, each with distinct minimum deposit requirements, leverage ratios, and spread ranges.

Tradable assets encompass FX, Indices, ETFs, Bonds, Metals, Commodities, Stocks, and Cryptocurrencies. The company facilitates deposits and withdrawals through various methods, including B2B in Pay, Wire Transfer, and more. Customer support is available via phone and email, while the company's website provides detailed information about its offerings.

Is It legit？

VIPGlobal Capital Ltd operates under the regulatory framework of the National Futures Association (NFA), with a license number of 0553417. However, it's important to note that the NFA has categorized VIPGlobal Capital Ltd as “unauthorized.” This classification signifies that the broker lacks the necessary approval to operate within the regulatory parameters established by the NFA.

Trading Platform & Leverage

VIPGlobal Capital Ltd offers multiple account types, each with its own unique features:

Standard Account: Ideal for beginners, the Standard account comes with a competitive minimum deposit requirement and offers leverage ratios suitable for those who want to dip their toes into forex trading.

Pro Account: For more experienced traders, the Pro account provides a higher level of leverage and tighter spreads. It also implements a commission structure, allowing traders to see transparently the costs associated with their trading activities.

VIP Account: The VIP account is tailored for seasoned traders who require even more favorable trading conditions. It offers the highest leverage ratios and the lowest spreads, making it suitable for those seeking advanced trading opportunities.

Commission & Spreads

VIPGlobal Capital Ltd implements a commission structure for its PRO and VIP account types. For every 100,000 units traded, the PRO account will have a commission of $3, whereas the VIP account will entail a commission of $2. This commission-based approach applies to specific trading activities and provides transparency regarding the costs associated with trading on these account types.

VIPGlobal Capital Ltd provides varying spread ranges for different account types. The PRO account offers spreads as low as 0.0 pips, the STANDARD account provides spreads as low as 1.7 pips, and the VIP account offers spreads as low as 1.0 pips. These spread options accommodate different trading preferences and market conditions, allowing traders to make informed decisions based on their strategies.

Customer Support and Information Availability

Customer support is a vital aspect of any broker's service. VIPGlobal Capital Ltd offers customer support via phone and email, ensuring that traders can get assistance when needed. The company's website is also informative, providing detailed information about its offerings, account types, and trading conditions.

WikiFX Rating

WikiFX has given VIPGlobal Capital Ltd a rating of 1.05/10. It's not uncommon for new brokers to have relatively low scores due to their limited track record. The WikiFX rating system is updated in real time, reflecting the latest information about brokers. Traders considering VIPGlobal Capital Ltd are encouraged to check WikiFX regularly for updates on the broker's performance and reputation.

Conclusion

VIPGlobal Capital Ltd, a recently established forex broker, offers traders a range of account options and tradable assets. While its WikiFX rating is relatively low, this is not unusual for new brokers, and ratings can change over time. Traders interested in VIPGlobal Capital Ltd should exercise caution, stay informed about updates from WikiFX, and consider their individual trading needs and risk tolerance before making any investment decisions.