Forex VoyaFX Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.5

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.7

Business 1.0

Risk Control 1.3

Software 2.0

Regulatory 1.5

Terminal Snapshot

VoyaFX Trading Conditions

Registered Region Comoros

Operating Period 2-5 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email cs@voyafx.com

Contact Number N/A

Website voyafx.com

Balanced Review

Pros & Cons

Pros

Diverse trading instruments including forex, commodities, indices, stocks, and cryptocurrencies
User-friendly trading platforms: MetaTrader 4 and 5
Access to demo accounts for risk-free practice
Multiple account types: Retail, Professional, Corporate, and Demo
Responsive customer support accessible via email and phone

Cons

Not regulated by any recognized financial authority
Minimum deposit requirement of $500
Limited range of trading instruments
Additional fees may apply for withdrawals and inactivity
Lack of educational resources for traders

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	VoyaFX	Grand Markets	BDSwiss	AvaTrade
Operating Period	2-5 years	See review	See review	See review
Region	Comoros	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.5/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does VoyaFX Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Retail Account	Beginners	Accessible trading environment, suitable for small-capital practice	Minimum deposit of $500 required
Professional Account	Experienced traders	Higher leverage options, tailored services	Requires trading volume qualifications
Corporate Account	Corporate clients	Customized trading solutions, dedicated support	Requires corporate documentation
Demo Account	New traders	Practice trading without risk, full access to trading tools	Available for all user levels

Account Opening Process

To open an account with VoyaFX, prospective clients need to submit personal, employment, and financial information. This includes providing identity verification documents such as an ID and proof of address. Once the initial account is set up, clients may have the flexibility to upgrade to a professional account later if they meet the necessary criteria.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	Varies	$0	Tight spreads available for major pairs
CFDs (Stocks, Indices)	Varies	$0	Competitive pricing for various instruments
Cryptocurrencies	Varies	$0	Spreads may vary based on market conditions

Other Fees

Additional costs that may apply include deposit and withdrawal fees, inactivity fees, platform usage fees if applicable, overnight interest (swap rates), and currency conversion fees. Traders should review these fees carefully to fully understand the financial implications of their trading activities.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

VoyaFX User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Gary Vee

Bulgaria

★ ★ ★ ★ ★

Great platform for beginner and mid-level traders. They provide immaculate support and the market analyst knows what he is talking about. Would recommend their services 10/10!

Linda Parker

United Kingdom

★ ★ ★ ★ ★

I had an exceptional experience trading with VoyaFX. Their user-friendly platform, responsive customer support, and transparent pricing make them a top choice for stock trading. Highly recommended!

OMA1981

Romania

★ ★ ★ ★ ★

I am referring to the copy-trading option. The trades were cherry-picked, and I ended up losing half of my capital. This is not the copy-trading experience I expected.

Patrik Braun

Bulgaria

★ ★ ★ ★ ★

My experience with VoyaFX has been quite negative. The support was unhelpful when I had issues with my withdrawals, and I feel my funds are not safe.

Comoros Market