VistaForex is an online trading broker that has been providing traders in over 100 countries across the globe with unhindered access to the global financial markets since 2006. Traders get to trade over 500 financial markets over different asset classes — forex, metals, energies, cryptocurrencies, and commodities — using the MT5 trading platform. The broker strives to offer a competitive trading experience through superior trading technology, tight spreads, rapid execution, and stellar customer support. The minimum deposit required to operate an account is just $1. The broker is not regulated which may be a red flag for potential clients.
VistaForex Review, Pros & Cons
- Powerful MetaTrader 5 trading platform
- Educational resources & trading tools
- Over 500 financial instruments
- Unregulated brokerage firm
- No USA trades allowed
- Not the lowest commissions
In this detailed VistaForex review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
With offices in Kingstown and London, VistaForex is an online trading broker that provides traders with the MetaTrader 5 platform to enable them to trade in over 500 financial instruments. There is a selection of useful trading tools, educational resources, and a 24/7 customer support team to assist traders. Other essential features of VistaForex include spreads from 0.0 pips, leverage of up to 1:1000, speedy execution, multiple funding methods, fast deposit & withdrawals, and more.
The broker is not regulated by any known financial authority at the moment. Many experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.
The broker does not offer its services to residents of certain jurisdictions such as Afghanistan, Belgium, Hong Kong, Japan, the United States of America, and some other regions
Some VistaForex features and products mentioned within this VistaForex review may not be available to traders from certain countries because of legal restrictions.
VistaForex provides traders with the MT5 trading platform. It is an advanced trading platform with first-class automation, forex charting, and order- execution capabilities. The platform is designed for traders who are looking for an edge in their trading as it offers a rich and user-friendly interface in a highly customisable trading environment to help try and improve their trading performance. Some other basic features of the MT5 trading platform include:
- Market Watch Window
- 85 pre-installed indicators
- Automated trading
- Navigator Window
- Analysis tools
- Order execution capabilities
- Multiple order types
- Multiple chart setups
The MT5 trading platform is available as a desktop application for Windows and Mac computers, WebTrader, and a mobile app that is designed for mobile devices running on Android or iOS.
VistaForex Trading Tools
Apart from the built-in tools of the MT5 trading platform, traders benefit from some standalone trading tools, including AutoChartist and an Economic Calendar that shows the schedule of market events along with their expected impacts on the financial markets.
The broker’s website contains some educational resources, which are aimed at ensuring that traders make informed trading decisions. The resources include a trading academy, trading guides, live webinars, and an FAQ section.
VistaForex offers the following financial markets: forex, commodities, metals, indices, energies, and cryptocurrencies.
VistaForex Accounts & Fees
The following trading account options are available at VistaForex: Cent ($1), Standard ($100), Raw ($500), and VIP ($20,000) Accounts. Each of the accounts offers access to a demo account for practice purposes.
As broker fees can vary and change, there may be additional fees that are not listed in this VistaForex review. It is imperative to ensure that you check and understand all of the latest information before you open a VistaForex broker account for online trading.
The broker provides clients with a knowledgeable customer support team who are available 24/7 and can be reached via the following contact channels: telephone, email, Live Chat, and social media.
VistaForex Deposit & Withdrawal
VistaForex offers 30 different payment methods for both account deposit and withdrawal purposes. These payment methods include bank transfer, credit/debit cards, cryptocurrency, and various online payment processors — Skrill, Yandex, Webmoney, and more.
VistaForex Account Opening
To open a trading account, you will be required to click on the ‘Open Live Account’ tab at the top-right corner of the broker’s website, fill the account application form, and submit all the necessary KYC documents. Once your account is created, you can deposit funds to start trading.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree with them.
VistaForex is a multi-asset broker that allows traders from around the world to trade various financial markets. Trades are executed on the MT5 trading platform, which is available in desktop, web, and mobile versions. The broker offers a selection of trading tools and learning materials, whilst a 24/7 customer support team is available to assist traders. However, there is no regulatory information on the broker’s website at the moment.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.