What Account Types and Fees Does VVEX Corp Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Agent Account |
Experienced traders |
Leverage up to 1:400, higher liquidation level (up to 30%), dedicated account manager |
Best for traders requiring personalized support |
| Individual Account |
Retail traders |
Negative balance protection, super-fast execution (<0.0004 seconds), supports multiple currencies, financial insurance up to $1,000,000 |
Suitable for traders seeking security and efficiency |
| Demo Account |
Beginners and practice traders |
Access to trading platforms without financial risk |
Ideal for those looking to practice trading strategies |
Account Opening Process
To open an account with VVEX Corp, prospective clients must follow a straightforward process. Firstly, they will need to submit personal information, including their name, email, and phone number. Next, employment and financial information are required to assess the trading profile. Additionally, identity verification is a critical step, which includes providing a government-issued ID and proof of address. This ensures compliance with basic security measures. VVEX Corp allows for flexibility in account management, meaning clients can upgrade to a professional account later if they meet specific criteria.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
0.5 |
$0 |
Competitive spreads for major currency pairs |
| CFDs (Stocks, Indices, Commodities) |
Varies |
$X per lot |
Dependent on the specific asset |
| Cryptocurrencies |
Varies |
$Y per transaction |
Fees may fluctuate based on market conditions |
Other Fees
VVEX Corp may impose additional fees that traders should be aware of, including deposit and withdrawal fees, which apply to the methods used. There could also be inactivity fees for dormant accounts. Platform usage fees may be applicable, along with overnight interest for positions held beyond a trading day (swap rates). Currency conversion fees may arise when trading assets in different currencies.
