VHNX is a new broker that’s owned and operated by VHNX Ltd., with its headquarters located in Saint Vincent and the Grenadines. The broker is focused on offering its clients access to the assets being traded on global markets in the form of contracts for difference, or CFDs. The assets offered include global stocks, commodities, indices, forex, and cryptocurrencies. The broker prides itself on offering fair pricing and rapid execution.
The broker was founded in 2021 and attempts to provide traders of all experience levels with an excellent trading and investing platform that’s designed to simplify trading with a broad range of tools and features.
The following review will go into greater detail regarding what to expect when trading with VHNX.
With headquarters in Saint Vincent and the Grenadines VHNX is in an unregulated jurisdiction, which makes it an unregulated offshore broker. While this is a concern to some traders, it’s not a reason to consider VHNX an unreliable broker. Prospective clients can find all the legal terms and conditions right on the broker website and can clearly see that there’s nothing malicious in any of the legal documents.
In terms of security, VHNX has a website which is encrypted to ensure the safety and security of client information and data. VHNX also employs authenticators for accessing accounts, which helps add to the security for clients.
As mentioned earlier, the broker offers seven different account types for interested investors and traders. Those account types are:
Minimum deposits are as low as $250 for the Registration account. This account tier is most suitable for those who are just getting started in trading. They can begin slowly and familiarize themselves with the markets and the trading conditions at VHNX.
The next level up is the Beginner’s account, and it has a minimum deposit requirement of $2,500. That’s still quite low and it adds additional perks such as full training on the VHNX platform tools, a basic strategies session, and access to a dedicated mentor.
After the Beginner account, comes the Intermediate account, with a minimum deposit requirement of $20,000. This account has special training for commodity trading, as well as advanced strategies sessions. Perhaps most importantly for some is that this account tier allows a trader to designate the account for Muslim traders, which means all conditions are in accordance with Sharia Law.
After the Intermediate account comes the Advanced account, with its $50,000 minimum deposit requirement. This account tier provides special training in currencies and commodities, along with basic market events. Those who want to upgrade further can opt for the Professional account, which has a $100,000 minimum deposit. It also offers additional market events, private strategy sessions, and special training in indices.
Next up is the Premium account. With a minimum deposit requirement of $500,000 it provides clients access to special market events and additional special training in stocks and cryptocurrencies.
Finally, there is a VIP account for the top tier traders. This account has a $1 million minimum deposit requirement. Clients should talk with their private mentors for more information regarding the VIP account tier.
VHNX has a broad variety of asset classes available, which brings more than 1,500 individual assets into play. The asset classes available are:
Clients can also take advantage of leverage as high as 1:200 on their currency trades.
VHNX has taken the time to have its own trading platform developed, and clients can take advantage of the following features:
This platform is available as a stand-alone downloadable application, as a web-based application, or as a mobile app for either Android or iOS operating systems. This gives clients a wide choice of trading opportunities.
In addition to the basic and advanced market events, specialized trading sessions dedicated to various asset classes, and the direction of personal mentors, there are several research and education tools available from the VHNX website. These include eBooks, currency forecasts, market news, an economic calendar, a market watch section, and more.
There are also Fibonacci and Pivot calculators to help clients estimate price targets and monitor intraday support/resistance levels.
The broker provides customer support on a 24/5 basis via online chat, email or telephone. Customer support agents are professional and knowledgeable and can help with any client questions or concerns.
Overall VHNX seems to have what any level of trader needs in terms of tools, research and education. Unfortunately, it is also unregulated, which will scare some prospective clients away. There doesn’t need to be worries however, as the broker is completely transparent in its legal documents, which are readily available on its website. The broker also ensures client security using encryption and account authenticators.
Clients have a wide variety of choice, both in the account types available and in the assets offered. Minimum deposits begin at levels which are accessible to most anyone.
If you’re interested in exploring VHNX further, you could always contact their customer support team with any questions or concerns. Overall, the broker is transparent and approachable, and those interested can easily open an account to begin testing the trading conditions at VHNX.
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