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VHNX Review and Rating [yyyy]

VHNX Review and Rating 2022

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Is VHNX a safe platform? What are the advantages and disadvantages of this online broker? If you are wondering is VHNX good, AtoZ Markets has researched for you and summarized VHNX review.

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Overview

Company
9/10
Trust
9/10
Trading Platform
9/10
Account Types
8/10
Costs
8/10
Customer Support
8/10
Regulation
9/10
Cryptocurrency
8/10

Company

9 /10

VHNX is an online Forex broker that has recently appeared in the industry in 2021. VHNX is a new brokerage operated by well-experienced market experts who decided to create a platform for any background traders. The new broker aims to provide services where all clients have full potential and comfort. Our VHNX review will analyze the broker’s services and features in-depth.

VHNX is based in Stoney Ground Road in Saint Vincent and the Grenadines and is specialized mainly in Forex and CFDs trading. Besides these, their trading instruments include commodities, stocks, indices, and cryptocurrencies.

VHNX’s priority is to create a secure, affordable, and accessible trading atmosphere for everyone, and its well-organized trading platform reflects this passion.

The company publicly shares all the essential information regarding the fees and commissions, lets you get a glance at their trading accounts and tools, provides multiple trading platforms, and makes customer support approachable for everyone.

Additionally, VHNX offers excellent educational resources for registered traders. Combining these services proves that the VHNX platform is a proper place to learn and start your trading career.

VHNX pros and cons

Pros

  • Offers over 1500 trading instruments
  • online tutorial videos, learning e-books
  • Several trading accounts
  • 1:200 account leverage
  • Fund your account using a wide range of secure funding methods
  • Excellent customer service

Cons

  • Not regulated
  • No MT4 platform
  • No demo account
  • US clients not accepted

Now that we've seen the pros and cons, let’s make our VHNX review more detailed and discuss each service, and feature one after the other.

Trust

9 /10

Safety of funds and personal data is crucial to choosing Forex brokers. Even if the trading condition seems very attractive, you need to determine what security measures the company takes to obtain your trust.

Speaking of VHNX brokers, they seem to understand the importance of clients’ account security safety.

Any data you put into the website is encrypted and inaccessible to any third party. They also use Two Factor Authentication protection. 2FA serves as an extra layer of protection to ensure the security of online accounts beyond just a username and password.

Besides, VHNX does not keep any information hidden. Carefully read the broker’s terms and conditions to understand their policy thoroughly.

Trading Platform

9 /10

VHNX uses a proprietary platform with full trading functionality and asset access. It’s not falling behind the standard options at all. It even got improved in-built tools and features.

The software is highly customizable, allowing more experienced traders to trade their way. It also has an intuitive interface that will enable you to get used to it quickly, and overall, it’s more enjoyable to use. The learning curve is not steep, so even new traders can intuitively grasp how the platform works.

For web based trading, the VHNX trading platform is available as the desktop version, browser version.

A mobile app is also available. The mobile app is an excellent choice for those who spend a lot of time moving. The other two are more powerful in functionality and run better due to the increased computing power.

Overall, the VHNX trading platform is way ahead of the most standard market platforms, with its super-fast execution, easily accessible system, lots of helpful market tools.

Account Types

8 /10

VHNX offers seven different accounts available for investors with any background: Registration, Beginners, Intermediate, Advanced, Professional, Premium, and VIP Exclusive.

Plus, VHNX’s accounts have a very comfortable and affordable price range. The account features are also well-optimized and organized so that beginners won’t need to learn all the complicated techniques from the very beginning. 

Registration

  • Deposit USD 250
  • Mobile Trading
  • Secure Ordering
  • Responsive Support
  • Education Tools
  • Leverage-1:200
  • Basic training – Platform Introduction
  • Educational Session with a Mentor

Beginners

  • Deposit USD 2,500
  • Mobile Trading
  • Secure Ordering
  • Responsive Support
  • Education Tools
  • Leverage 1:200
  • Total Training – Advanced Platform Tools
  • Dedicated Mentor
  • Basic Strategies Session

Intermediate

  • Deposit USD 20,000
  • Mobile Trading
  • Secure Ordering
  • Responsive Support
  • Islamic Account
  • Education Tools
  • Leverage 1:200
  • Full Training – Advanced Platform Tools
  • Commodities Special Training
  • Dedicated Mentor
  • Advanced Strategies Session

Advanced

  • Deposit USD 50,000
  • Mobile Trading
  • Secure Ordering
  • Responsive Support
  • Islamic Account
  • Education Tools
  • Leverage 1:200
  • Full Training – Advanced Platform Tools
  • Commodities Special Training
  • Currencies Special Training
  • Basic Market Events
  • Dedicated Mentor
  • Advanced Strategies Session

Professional

  • Deposit USD 100,000
  • Mobile Trading
  • Secure Ordering
  • Responsive Support
  • Islamic Account
  • Education Tools
  • Leverage 1:200
  • Full Training – Advanced Platform Tools
  • Commodities Special Training
  • Currencies Special Training
  • Indices Special Training
  • Dedicated Mentor
  • Advanced Strategies Session
  • Extra Market Events
  • Private Strategy

Premium

  • Deposit USD 500,000
  • Mobile Trading
  • Secure Ordering
  • Responsive Support
  • Education Tools
  • Islamic Account
  • Leverage-1:200
  • Full Training – Advanced Platform Tools
  • Commodities Special Training
  • Currencies Special Training
  • Indices Special Training
  • Stocks Special Training
  • Crypto Special Training
  • Dedicated Mentor
  • Advanced Strategies Session
  • Premium Market Events
  • Private Strategy

VIP Exclusive

  • Please speak to your private mentor for further information.
  • Deposit
  • USD 1,000,000

Deposit and Withdrawal

VHNX broker offers you several primary and trustful account funding methods. You can deposit money using Visa/Mastercard, e-wallet, or Wire Transfer.

You will need to use the same method for funding and withdrawal procedures. Withdrawal time is depended on the technique. If you’re using the card, it’s speedy, you’ll receive the amount within some hours. However, if you’re using a bank transfer, it will take around five business days.

VHNX proves its excellence with its low-cost services. The broker maximally reduces the fees for traders to make their experience more convenient. No additional fees will apply during withdrawals. However, the costs might appear from your bank’s side.

Cryptocurrency

8 /10

Many investors choose VHNX when investing in cryptocurrencies as it offers traders Bitcoin, Ethereum, Litecoin, and many other highly successful digital currencies, ready to be traded with just a few clicks within the platform.

There are many who choose to trade cryptocurrencies with CFDs as this solution offers the opportunity to sell short and make a profit even if the token price falls. A very volatile crypto market like this lends itself very well to CFD trading.

Costs

8 /10

VHNX is a broker with no trading commissions so you don't have to worry, once the trade is closed you will not have to pay any "extra commission".

But to better understand all trading costs, including those included in the operations themselves, we show you what to watch out for in this VHNX broker review:

  • Spread, the difference between the buy and sell price of a stock. On EUR/USD it averages 1.8 pips.
  • Rollover, the cost you pay when you leave a trade open overnight until the next day. This too, as for spreads, is a very low variable cost, which for EUR/USD fluctuates around 0.01%.
  • Inactivity fees, which come into play if you don't even place an order for more than 3 consecutive months. In this case, a monthly cost of 30 euros is applied.
  • Currency conversion costs. They are very low costs, a surcharge of 0.5% that the Broker charges to convert a currency with the one necessary for the investment.

VHNX does not include any other costs or commissions for trading and using its tools.

Customer Support

8 /10

Is VHNX customer service good?

Good customer service is another big determinator of the broker’s overall quality. The more support is professional, and well-aware of the specific topics, the more positive impression the broker leaves on the clients.

Speaking of VHNX brokers, their customer support team is available 24/5. The website is available in multiple languages: English, Portuguese, Arabic, Azerbaijan, Turkish, French, Spanish, German, Thai.

This various language support is awe-inspiring as the newcomer brokers only tend to provide services in English.

There are several customer support methods that you can use: an active customer service phone line, live chat, email,  social media, and the FAQs section.

The service is fast and supportive. Overall, we’re delighted with the responsive VHNX customer service.

Account opening support

[email protected]

+18008478713

Client Support

[email protected]

+18008478713

Address: Stoney Ground Road, St. Vincent and the Grenadines.

Regulation

9 /10

Is VHNX regulated? One of the disadvantages of VHNX is that this broker is not regulated by any official regulatory institution like the FCA, ASIC, or CySEC. While the absence of a forex license alone is a cause for concern, this does not automatically make VHNX a scam or an unreliable broker. 

At the time of this VHNX review, this unregulated offshore broker has a spotless reputation and has not been proven to be a scam. VHNX's website contains legal documents accessible for everyone on the Company section under Legal Docs. 

What is more, VHNX website is encrypted to keep clients' data confidential and secured against suspicious or unauthorized parties. VHNX has also employed authenticators that keep clients' accounts safe by linking them with multiple devices.

Conclusion

Should you choose VHNX broker? Even if this online brokerage is unregulated, there may be a few points that clearly ensure that positive VHNX opinions can be given here. It starts with the fact that VHNX is safe - as there are no VHNX scam reports.

Furthermore, there is no VHNX review that deals with the fact that hidden costs such as fees are used here. This means that as a trader, you can trust this new online brokerage here.

So if you want to work with stocks, digital currencies, or certificates such as ETFs, VHNX is the right place for you.

Reviewed By

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