Minimum Deposit: $100
Maximum Leverage: 1:500
My Score: 7.4
Hello my good friends! Welcome to my Vaha Trade review. Vaha Trade is a forex currency and CFDs broker that provides competitive trading requirements. Within this review, you are certain to obtain all of the information about this broker.
Here are the issues which you’re able to discover replies: Is Vaha Trade scam or dependable forex broker? What are the trading states of the broker such as minimum leverage, deposit, spreads, and consideration type s? Why is Vaha Trade regulated? Continue reading if you want to obtain all!
Vaha Trade Regulation and Investor Protection
Broker law and investor security from the Forex sector is the most important thing. As there are plenty of scam brokers. You’ve got to be cautious once you start out trading. Your priority is to see whether the business has a permit or not.
Fortunately, Vaha Trade includes a permit. The broker working from the City of Sofia and Governed by the Bulgarian Financial Supervision Commission (MiFID2).
The Markets in Financial Instruments Directive is currently a European Union legislation that Offers harmonized law for investment providers round the 3-1 member countries of the European Economic Area.
At Vaha Trade they maintain all aspects of MiFID ensuring that their customers get the very protected Method of investing:
- Authorisation, regulation and passporting
- Client categorization
- Client sequence handling
- Pre-trade transparency
- Post-trade transparency
- Best performance
Vaha Trade States that customer safety is the primary focus. Since Vaha Trade is a regulated broker as well as according to Client Asset Sourcebook they will need to maintain certain rules and duties offering their customers the most fullest security. As stated by the MiFID client money rules, Vaha Trade is not able to segregate all of its retail customers ‘ funds from its own funds.
All client funds are held in separate bank accounts with leading and the world’s top tier one banks and held separately from Vaha’s own funds. This ‘ring-fenced security ‘ means that Vaha cannot use these funds for any operational purpose.
The Financial Supervision Commission (FSC) was established on March 1st, 2003 under the Financial Supervision Commission Act. It is an institution that is independent of the executive authority and reports its activity to the National Assembly of the Republic of Bulgaria. The Commission is a specialized government body for regulation and control over different segments of the financial system – capital store, insurance store, health insurance store, and pension insurance store.
The primary mission of the institution is to assist through legal, administrative and informational means for the maintenance of stability and transparency on the non-banking financial sector, and to ensure the security of the consumers of financial services and products.
There are different regulators around the world. For example, the most-knowns, UK’s FCA, Australian ASIC and CySEC. These regulators require strict rules for instance FCA regulated forex brokers must hold 730,000 in their bank account to prove their financial stability.
Also, the brokers must keep all client’s money split by the company’s own funds into segregated accounts. In addition, there is a compensation scheme for clients. The brokers offer its clients the security of client fund security under the Financial Services Compensation Scheme (FSCS) covering up to 50,000 in the event of the broker becomes insolvent.
Account Types and Spreads
Currency pairs, shares, commodities, indices – trade them all under a single account. Vaha Trade offers a wide range of instruments for trading through our platforms that allow you to easily take positions in a variety of financial marketplaces.
The spreads are very competitive. The minimum deposit requirement is very low. Vaha Trade provides online trading in Forex and CFD’s Commodities and Precious Metals Including Gold and Silver.
The broker offers before all else rate customer service, reliable trusted dealing technology, and a transparent No Dealing Desk (NDD) execution model, which enable them to meet the needs of all Forex traders.
Here are the Vaha Trade’ provides
- Over 60 currency pairs
- CFD’s on indices and commodities
- Up to 30:1 leverage (retail customers )*
- Up to 500:1 leverage (professional customers )*
- No Dealing Desk implementation
- $100 minimum deposit
- Education & Analysis
Vaha Trade Provides the hottest trading platform MetaTrader 4. MetaTrader 4 offers traders the use of complex trading operations in a quick, secure and dependable environment.
This really is a major improvement for your own broker. Just about all forex trader understand that particular platform. It’s favorite because it’s amazing attributes:
- User-friendly interface
- 9 Time-frames each tool
- 50 Built-in signs
- Functionality to coating signs
- Access store news straight
- Advanced charting and evaluation
- Create and utilize Expert Advisors (EAs)
- Multiple language options
- Trailing Stop Loss performance
Deposit and Withdrawal Methods
There are a number of methods to withdrawal and deposit. All these are bank wire transfer, credit/debit card (Visa, Master, Maestro), Skrill along with Neteller. There ought to be many more options like PayPal and Bitcoin. However, I am positive the broker will put in greater payment methods so on.
Vaha Trade is now a Trusted forex broker that governed by the Bulgarian Financial Supervision Commission. The trading requirements are somewhat attractive. There is certainly a MetaTrader 4 stage. It provides Economic Calendar, Market Sentiment, Calculators, and also Central Bank interest Prices.