FiatVisions: a detailed review
Regulation and security
FiatVisions is not licensed by any regulator. Broker regulation is extremely important for clients. Regulators set strict rules, enforce them, and resolve disputes between brokers and clients. Although unlicensed, the company uses state-of-the-art security measures, including data encryption, to protect its customers’ information and funds.
Trading instruments
FiatVisions offers a wide range of trading instruments. This diverse selection allows traders to diversify their investment portfolios and use different strategies to achieve their financial goals. Access to a wide range of markets makes FiatVisions attractive to traders of different interests and experience levels.
The company provides clients with a variety of assets for trading, such as:
- Forex
- Stocks
- Indices
- Metals
- Commodities
Account types and fees
FiatVisions provides several account types to suit the needs of different traders. Account types for beginners include Beginner, Basic and Silver, while accounts for professionals include Gold and VIP. These accounts vary in minimum deposits, spreads and other trading conditions. However, spreads and commissions may be higher compared to some competitors, which should be taken into account when choosing a broker. What should also be considered, the broker’s minimum deposits are higher than most brokers require.
Beginner
Min deposit: $5.000
Features: mobile trading, personal account manager
Basic
Min deposit: $25.000
Features: all Beginner features + daily signals
Silver
Min deposit: $100.000
Features: all Basic features + trading academy
Gold
Min deposit: $250.000
Features: all Silver features + access to event room, trial period for VIP event room
VIP
Min deposit: $1.000.000
Features: all Gold features + video courses, webinars, VIP services
Platforms
FiatVisions offers access to its own trading platform. The FiatVisions platform is intuitive and easy to use, offering a wide range of tools for market analysis and trading. The mobile version of the platform provides convenient access to trading on the go. MT4 and MT5 provide traders with advanced analysis and trading automation capabilities, but the broker does not provide access to these platforms.
Education
FiatVisions actively develops educational resources, offering clients a wide range of materials, including articles, video tutorials and webinars. These resources help traders improve their skills and knowledge, which is especially important for new traders. Regular updates and market analysis help traders stay up to date with the latest events and trends in the financial markets. However, the most useful educational materials are offered for Gold and VIP clients.
Advantages and Disadvantages
Advantages:
- Wide range of trading instruments
- Transparent commission structure and different account types
- Extensive educational resources
- Modern technologies to protect customer data and funds
Flaws:
- High minimum deposits
- No regulation
- Spreads and commissions may be higher compared to competitors
- The FiatVisions platform can be difficult for beginners to master
Summary
FiatVisions offers a wide range of services and trading opportunities for traders of different levels. The transparent commission structure and variety of account types make FiatVisions an attractive choice for many traders. However, spreads and commissions may be disadvantages for some users, as well as not always transparent information about regulation and high minimum deposits.
FiatVisions is not regulated, this is a red flag. Stay away!
Forex Trader
02.05.2024
ReplyVery high minimum deposit. I heard of brokers whose minimum deposits are as low as $10.
Becky
25.04.2024
Reply