FiatVisions is a new CFD and forex broker that just launched in 2021. From its base in Mauritius it aims to provide clients with a world-class trading and investing experience. The broker is able to offer traders leverage that goes as high as 1:400 and has over 1,500 different assets available from a proprietary trading platform. That platform gives traders the tools they need to properly analyze asset prices and market movements.
The broker is working to build trust and transparency with their clients through a transparent system with no price manipulation, no restrictions, and a secure transaction system. Clients also get to enjoy superior technology that delivers low latency trades with execution in just milliseconds.
Below we will dig deeper into the account types, platform, fees and other features of FiatVisions. For the most current information regarding the broker we do recommend you visit their website.
· Trading academy, videos and webinars
· Strong proprietary trading platform
· Personal account manager at all levels
· Not regulated by tier 1 regulator
· Spreads are higher than average
· $5,000 minimum deposit
FiatVisions is located in Mauritius and is operated by Green Point Technology Ltd. The broker is authorized and regulated by the Financial Service Commission (FSC) in Mauritius, with license number GB19025095. Because Mauritius is outside the European Union traders will not get the benefits of negative balance protection or the investor compensation scheme.
While some traders worry about regulation from an offshore regulator like Mauritius, there are some benefits from this type of regulation. Because it is outside the European Union MiFID requirements the broker is able to offer 1:400 leverage, and bonuses for deposits and trading volumes. And traders have little to worry about as the broker needs to protect its reputation and can be trusted to act in accordance with ethical business practices.
FiatVisions offers five different levels of accounts, which means there is something for nearly every type of trader. That gives plenty of options, however new traders might be a bit put off by the fact that the lowest level beginners account comes with a pretty steep $5,000 minimum deposit.
As the trading account grows each successive level becomes available, which also grants the trader additional features and benefits. Below you can see the features and how they increase with each successive account tier.
· From $5,000
· Personal account manager
· Floating Bid/Ask Difference
· Mobile Trading
· From $25,000
· Daily Trading Signals
· From $100,000
· Fixed Bid/Ask Difference
· Trading Academy
· Trading Commissions (up to 20% discount)
· From $250,000
· Access to Event Room
· Trading Commissions (up to 30% discount)
· VIP Trial Period to Event Room
· From $1,000,000
· Trading Commissions (up to 50% discount)
· Video Courses
· VIP Services
FiatVisions offers its clients a proprietary trading platform that was built from the ground up to ensure the very best trading conditions and analytical tools. Clients are able to download the platform for use on their own PCs, or if they prefer there are also mobile versions for Android and iOS, as well as a web trader that allows the client to trade right from their web browser.
One thing to note, the trading platform is hidden behind the account login. That means there is no way to see the platform without creating an account. Also, there is no demo account available, so it is impossible to test the platform before depositing.
With over 1,500 individual assets available there is something for everyone at FiatVisions. Traders never have to worry about missing any trading opportunity. Obviously, all the major assets are available, and there is also a good number of more exotic options as well. Here is the list of major asset classes available from FiatVisions:
· Major Currencies
· Global Stocks
· Equity Indices
· Hard/Soft Commodities
Education and research is a nice addition to any broker’s offerings, although you can also find loads of educational materials and research all across the internet. FiatVisions does say they offer daily trading signals, a trading academy, video courses, and webinars. That is a lot of research and education, however it is not freely available. None of the educational resources become available until reaching the Basic account, which requires a minimum deposit of $25,000. And some of the research and educational resources require a VIP account with its $1 million minimum required deposit.
Customer service at FiatVisions is provided on a 24/5 basis, and this is in addition to the personal account manager that every client has access to. You can reach the customer service team via email, telephone, or online chat. The response times are quick, and the team is knowledgeable, although when we contacted them via online chat they did say that we needed to contact our account manager for certain issues.
Phone: +1 800 972 1281
It is interesting that FiatVisions has only been operating since 2021 as they present themselves more like a broker that has been providing services for some time. The broad offering of assets is excellent, and the proprietary platform is a surprise as it obviously had significant development costs.
We were a bit put off by the high minimum deposit and feel like most beginners will want to go elsewhere or might not even be able to afford the Beginners account. Likely this is by design, with the broker attempting to focus more on a wealthy, or at least well-off clientele.
If you have the resources to open a Beginners account you may want to give the broker a try as it seems what they have to offer is quite strong.
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