VTGFX Review – Withdrawal, Account Types & More
VTGFX also known, as Victory Trade Group is a Forex trading broker located off shore in Seychelles and they do seem to offer some generous leverage on the MetaTrader4 platform. However, before you just run and start investing your money with this broker, you might want to consider doing a little more research on the company and see what they have to offer.
The first and probably the most important thing you need to know about this company is that they are not regulated. The company is registered with the local register, but being located in Seychelles area there are no international standards that ensure safe trading of Forex. The company kind of misleads itself by saying that they are registered and regulated and they do show documentation of their local register, but this has nothing to do with international trading. It should also be noted that the broker has been listed as a non-authorized domain on the CySEC (Cyprus) list. Cyprus is one of the most popular regulatory agencies in the world of Forex.
A Look At The Trading Options
One thing that should be noted about VTGFX is that they offer a diverse trading marketing. In fact, you can buy and sell in more than fifty different currencies. You can trade in exotic currencies like Singapore Dollar, Hong Kong Dollar, South African Rand, Chinese Yuan, Danish Krone, Swedish Krone, Norwegian Krone, Polish Zloti, Hungarian Forint, Mexican Peso, Turkish Lira and the Russian Rubla. VTGFX also offer unique CFD trading on gold, silver indices and commodities. The only bad thing about CFD trading is that they do not accept cryptocurrencies.
Deposit And Withdrawal Methods
When it comes to depositing and withdrawing money with VTGFX there are no shortage of options available. You can deposit or withdraw funds by using your VISA card or MasterCard. You can also deposit and withdraw with Skrill, Fasapay, and wire transfer. UnionPay and OKPay are also viable options. It does seem like PayPal payment options are available, which might be a downside considering that PayPal is one of the most used online bankers.
The MetaTrader4 Software
VTGFX does offer the MetaTrader4 software, which is an excellent tool due to its diversity. This software can be installed on a variety of platforms like PC, Android devices and Apple devices. There are even versions available for tablets and smartphones. The trading software does contain some great charting tools that can help you understand and analyze market crucial data. However, the most popular feature by far is the automated trading feature. This feature allows you to setup you own unique indicators and trading bots. These bots will make trades for you based on certain indicators in the market. With this type of feature you can make Forex trades and make money with knowing little to nothing about the proper trading techniques.
Twelve Different Languages Available
With the diversity of the Forex trading industry it is important for brokers to offer support in a variety of languages. And, this is one thing that VTGFX does excel in. The broker offers customer support in twelve different languages, so traders from all around the world can take advantage of the services that they have to offer. You can find support in English, Chinese, Italian, Polis, Deutsch, Russian, French, Greek, Hungarian, Arabic, Spanish and even Turkish.
Get A Sneak Preview With A Demo Account
VTGFX does offer a demo account, so that users can see what the broker has to offer before making the initial investment. With the demo account you will be granted access to certain aspects of the trading platform for free and you will get to make some mock trades. However, it should be noted that some users have reported that the demo account was recently down. When they tried to signup for a demo account, they were unable to do so due to a technical error.
VTGFX sounds great on the surface. However, there are somethings that will make you suspicious. Therefore, you should not dive in headfirst. Do your research first!