ViTrade Review

Alyaziah Hayat | May 9, 2022

ViTrade is a German broker that offers you a variety of trading products via a range of professional trading platforms available for desktop, web, and mobile devices running on iOS. I like how ViTrade has some quite advanced trading tools. However, I would’ve liked to see them offer more account types and funding options like other top brokers such as Eurotrader. I also don’t like how they do not have the popular MetaTrader platforms that so many traders are already familiar with. IC Markets is a great option if you prefer to use MT4. I would’ve also liked to see them open up to the international market instead of just the German market.

Broker Pros / Cons
  • Regulated brokerage
  • Range of asset classes
  • Professional trading platforms
  • Useful trading tools
  • Limited funding options
  • Limited account types
  • Limited educational materials in German only
  • No live chat support
  • No MetaTrader platforms
  • Not the cheapest broker fees or lowest spreads
  • Expiring demo account

Summary

ViTrade is an online brokerage firm that provides you with individually tailored trading conditions. I like that the broker has a choice of flexible trading platforms and individual tools for different trading styles and experience levels. I found the high-performance HTX trading platform which delivers direct stock exchange access to be quite useful in providing great trading conditions.

ViTrade provides a personal and professional brokerage service where you can benefit from the broker’s longstanding experience in stock exchange trading – both on-floor, off-floor, and internationally. The broker offers you various asset classes to trade for just €5.95.

Regulation

ViTrade is a flatex Bank AG company, which provides you with all banking services. flatex Bank AG is regulated by the Federal Financial Supervisory Authority (BaFin). Please see our flatex review for further information. Other regulatory agencies are the European Central Bank (ECB) and the European Securities and Markets Authority (ESMA). I would’ve liked to see them being regulated by at least one more tier-one body like other top brokers such as AvaTrade.

ViTrade provides cross-border trading in a total of 33 countries. The broker mainly accepts clients from the EU zone. Clients from the USA and many other countries are not accepted. If your country is not accepted by ViTrade, I suggest checking out our broker comparison tool for alternatives.

Platforms

ViTrade Platforms

ViTrade Platforms

HTX Trading Platform

ViTrade offers a high-performance, professional, and reliable trading platform known as HTX which gives direct stock exchange access and is geared entirely towards the needs of day traders and the most demanding of professional traders.

I like how the HTX platform has a fully customizable, user-friendly interface that can easily be adapted to your requirements. My favorite part about this platform is that its convenient features and highly professional charting enables you to have a faster response to market developments, supplemented by additional trading tools.

If you would like to engage in short-selling, the HTX platform can provide you with a rapid overview of intra-day and overnight short-selling options for individual securities. Upon request, the broker is able to give you trading lines of up to several times your equity for this purpose.

The platform supports smart order types so that you can execute any strategy with speed. There are event-based order types, such as on-event, one-cancels-other/one-cancels-all, or even if-done orders. This way you can react to the markets and implement any trading strategy easily and conveniently with just a few mouse clicks.

You can trade with intelligent order types from wherever you are and whenever you want by using the free HTX mobile trading app for iOS devices. I also like how they provide you with a browser-based HTX WebTrader which can run in most modern web browsers without the need to download or install any additional software.

ViTrade HTX Trading Platform

ViTrade HTX Trading Platform

Guidants

Guidants is an interactive platform that can offer you a professional overview of the market. The platform includes real-time market data, innovative evaluation tools, networking with other traders, and more. You can put together your own individual desktop and combine trading widgets into sets that interact with each other. I like how with Guidants, you can log directly into your ViTrade depot to convert information directly into a trade.

FIX API

The broker can support your automated trading with their API based on the standard FIX protocol and RTD connection via an MS Excel-based framework. I like how this HTX API allows for both the development and use of predefined software for trading in all investment classes offered.

Tools

There are plenty of trading tools embedded within the powerful HTX trading platform. These tools are likely to be more than enough to meet the majority of your needs. Though I have to admit, I would have liked to see some additional trading tools such as trading calculators, an economic calendar, and sentiment analysis being offered. If these tools are important for your trading, I suggest checking out BlackBull Markets.

Education

Through ViTrade’s educational section, you can receive automatically generated market reports with the information that is most relevant to you. I like how the broker provides meaningful market analysis and additionally, clear and structured information from benchmarking. There are even webinars available and a trading academy. However, these are limited to the German language. You can check out Admirals for a wider variety of course languages.

Markets

ViTrade provides you with an extensive range of tradable products including international stock exchanges. I like how this broker supports online trading with shares, certificates, bonds, ETFs, ETCs, futures, and warrants at all German floor-based stock exchanges, XETRA, and EUREX. 24 trading partners are available to trade online. Buy and hold trading is currently available at 13 international stock exchanges.

ViTrade Instruments

ViTrade Instruments

Accounts

You can trade on ViTrade from €5.95 per trade and benefit from direct stock exchange access, one-click trading, intra-day, and overnight short selling as well as a wide range of other features offered by the professional trading platform HTX.

I like how accounts and depots are held free of charge with the German bank flatex Bank AG. I also like how it is possible to hold accounts in foreign currencies which is beneficial as you may not be subject to currency conversion fees.

ViTrade also offers you a free-of-charge demo account that expires after four weeks. The demo account can be a useful way for traders to try out the HTX trading platform risk-free. You can practice your trading strategies using virtual funds and explore the features of the platform.

Support

Professional support is provided by the broker’s experienced team of exchange traders. You can have a direct and reliable contact partner on hand to assist you. ViTrade customer support is available on all trading days from 8:00 am to 10 pm via telephone and email. Though I would’ve liked to see them provide services on the weekend as well. If you prefer a broker with a 24/7 customer support team, I suggest checking out Bold Prime.

You can also book a one-on-one online meeting with the support team. Although, I believe it would be beneficial if the broker could add a live chat option to their website as this can often be a quick and preferable way for potential clients to get answers to their questions.

Funding

Bank Wire Transfer is the only method available to ViTrade clients for both deposits and withdrawals. Generally, it takes me between 3 to 7 bank working days for the whole process to complete. This is a limited choice when compared with other trading brokers who offer multiple account funding options including online payment processors for quick and convenient funding.

Signup

You have to fill out a short application to complete on the ViTrade broker website in order to apply for a trading account. You will need to provide them with some basic personal information and verify your account before you can fund it and start trading online.

ViTrade Account Opening Form

ViTrade Account Opening Form

The form is displayed in German despite the brokers’ website having the option to be browsed in English. You may need to translate each field which is not ideal but potential language barriers are something to consider when using a broker that is located in a country that does not speak your native language. You can check out the best trading platforms for more broker options that offer services in your native language.

Compare

Compare Broker (vs Our Top 3 Brokers)
Broker FeaturesAvaTradeIGIC Markets
Founded200619742007
RegulatedASIC, BVI, CBI, FFAJ, JFSA, FSCA, IIROC, ADGM FRSAFCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFFASIC, CySEC, FSA, SCB
CountryAustralia, Ireland, South Africa, Japan, British Virgin IslandsAustralia, UK, USA, Switzerland, UAE, Singapore, JapanAustralia, Seychelles, Bahamas, Cyprus
Min. DepositMin $250 DepositMin $100 DepositMin $200 Deposit
CommissionFrom $0From $0From $0
SpreadsFixedVariableVariable
Leverage1:4001:2001:500
InstrumentsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, ETFsForex, Commodities, Stocks, Shares, Indices, Cryptocurrencies, Metals, Energies, Options, Bonds, ETFs, CFDsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs
PlatformsMetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade, Web, MobileMetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API, Web, MobileMetaTrader 4, MetaTrader 5, cTrader, Web, Mobile
TypeMarket Maker, STPSTP, ECN, DMAECN
FundingWire Transfer, Credit/Debit Card, Paypal, WebMoney, Neteller, SkrillWire Transfer, Credit/Debit Cards, PayPalWire Transfer, Credit Card, Debit Card, WebMoney, Neteller, PayPal, Skrill, FasaPay, UnionPay, Qiwi, Bpay, Poli
Visit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit Broker

Conclusion

Overall, ViTrade is a decent online brokerage that offers relatively competitive trading conditions on an extensive range of trading products. I like this broker as it is regulated and provides a high-performance trading platform with flexible tools to suit individual trading styles. They can also cater to both beginner and professional traders with all clients receiving a personal service from trained experts.

Despite this, I found the broker to be lacking in certain areas. I find that they do not have the lowest commissions or tightest spreads that we have seen when compared to some of the best trading brokers.

Furthermore, I’m not too keen on the fact that the account types and funding options are limited whereas educational materials and the account opening form are only available in German.

ViTrade Logo

Min $1 Deposit

ViTrade is a German online brokerage offering trading products through it’s powerful HTX platform available for desktop, web & mobile devices. The broker has some useful trading tools but is limited in terms of account types & funding options.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

About the Author

Alyaziah Hayat
I had previously been forex trading for about 2 years and I now mainly focus on writing forex-related content. I also deal with cryptocurrencies and other financial assets in this industry. I've dealt with several brokers, assets, EA robots, and everything that this industry has to offer.

Review Methodology

For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. You can read more about our review process.

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