Looking for a Broker Offering Swift Order Execution? Read our Vistabrokers Review
Vistabrokers is a Forex, CFDs, and indices trading broker with its main offices located in Limassol. It is the trading name of Vistabrokers CIF Ltd, and is licensed and regulated as a Cyprus Investment Firm by CySEC. It hasn’t been around for as many years as some of the other Forex brokers we write reviews about, but has nevertheless gained quite a reputation. Vistabrokers claim their aim is to be a trusted broker with a human face, and we can only report we found nothing to the contrary. Vistabrokers CIF Ltd provide traders with the opportunity to trade a wide range of instruments including Forex, metals, indices, and CFDs on commodities. Products are traded using Vistabrokers MT4 platform, and there are a number of different accounts to choose from. More than 85 different currency pairs including majors, minors, and exotics. Access to 14 of the largest worldwide stock indices.
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VistaBrokers MT4 trading platforms will satisfy your requirements
Forming the backbone of Vistabrokers trading platforms is the ever popular MetaTrader 4. A trading platform of choice for many traders, that has been developed by MetaQuotes Software Corp. Over the years, this platform has become the standard for the online Forex industry, because it is so reliable and has proved to be very popular. It includes an all inclusive charting package that has plenty of technical indicators interspersed into the platform. As well as a built in programming language that many savvy traders have been able to develop into their own expert advisors. For today’s modern trader, who much prefer to trade using their mobile devices, there is a mobile MT4 platform that operates on most operating systems including Android and iOS. So let’s list some of the benefits of MT4, in case you aren’t familiar with them.
- Available in more than 30 different languages
- Fully compatible with automated trading systems and Expert Advisors
- More than 50 technical indicators
- Compatible with mobile devices
- Provides full control of accounts
Basic, Advanced and Vista Pro are the choices for a live trading account
Vistabrokers are able to cater to the needs of most traders with three different accounts. These are:
Vista Basic – Minimum deposit is $100 and can be made in USD, EUR, or GBP. Leverage is 1:100. Commission is charged per 100,000 USD round trip and is $15 USD. Stop out is 50%.
Vista Advanced – Minimum deposit is $500 and can be USD, EUR, or GBP. Leverage is 1:100 and the commission charge for this account is $10 USD.
Vista Pro – Minimum deposit is $5,000 and all other factors are the same as for the basic and advanced account. The only difference being the commission, which is $7 USD.
Refer a friend and get up to $500 free credits
There is currently a Vistabrokers referral program running for investors to take advantage of. From time to time there are other bonuses available, but at the time of writing this Vistabrokers review the referral bonus was the only one. Depending on what type of account the referral chooses to open, your bonus can be $50 if they open a Basic account, $250 if they open a Standard account, and $500 if your friend chooses to open a Vista account. You can refer as many friends as you like, provided the total bonus amounts to no more than $5,000. The credit bonus cannot be withdrawn, and is dependant on the friend opening an account and making a deposit.
Forex beginners won’t be disappointed with Vistabrokers education centre
For beginners to the world of Forex trading it is vital for a broker to offer educational material to get their clients up to speed in how everything works. Entering the world of Forex trading without any knowledge isn’t a wise move to make. The fact that a broker has chosen to provide valuable trading information is a sure sign they care about all their clients, especially those with little experience. Many of you reading this review will be beginners, and you’ll be pleased to know we weren’t disappointed with Vistabrokers. There is an extensive glossary that clearly explains all the jargon, a FAQs section, as well as the opportunity to sign up for a free forex global academy. This is the first time we have encountered such a great offer. The person running the academy is experienced in both manual and automated strategies, with 5 years proven results under his belt. The offer is for him to train traders individually, providing both theoretical and practical support. All via Skype or Desktop sharing. This option certainly lifts Vistabrokers out of the run of the mill and up to the heights of special.
When clients need to get in touch there is a telephone number, various email addresses depending on the query, and a contact form that is quick and easy to complete.