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Vinson Financials Review

  • Regulated by: CySEC, MiFID
  • Safety: segregates client funds
  • Trust Rating: B
Open Vinson's Website

Losses can exceed deposits. Your capital is at risk.

Vinson Financials one way: Forex.

To open a live account, you’ll need a minimum deposit of at least $200. Alternatively, Vinson Financials offer a demo account that you can use to practice and familiarise yourself with their platform.

Regulated by CySEC (Licence: 184/12 ). Vinson Financials puts all client funds in a segregated bank account and uses tier-1 banks for this. Vinson Financials have been established since 2004, and have a head office in Cyprus.

Before we dive into some of the more detailed aspects of Vinson Financials’s spreads, fees, platforms and trading features, you may want to open Vinson Financials‘s website in a new tab by clicking the button below in order to see the latest information directly from Vinson Financials.

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Your capital is at risk.

Vinson Financials screenshot

PROS

  • Segeregates client funds
  • Established in 2004
  • Regulated by CySEC, MiFID
  • Min. deposit from $200

CONS

What are Vinson Financials's spreads & fees?

Like most brokers, Vinson Financials take a fee from the spread, which is the difference between the buy and sell price of an instrument.

The spreads displayed below are based on the minimum fixed spreads listed on Vinson Financials’s website. The colour bars show how competitive Vinson Financials’s spreads are in comparison to other popular brokers featured on BrokerNotes.

Vinson Financials variable spread is not available. If you believe this is incorrect please fill in our form

Speads are dynamic and are for informational purposes only. Last updated: June 06, 2018.

As you can see, Vinson Financials's minimum spread for trading EUR/USD is pips - which is relatively low compared to average EUR/USD spread of 0.82 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with Vinson Financials vs. similar brokers.

See all Spreads Your capital is at risk.

How much does Vinson Financials charge to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) with Vinson Financials at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $0. Here’s a rough breakdown of the fees and how this compares against Plus500 & AvaTrade.

Vinson Financials Plus500 AvaTrade
Spread from: $0.00 $6.00 $7.00
Typical overnight fee: $0.00 $9.40 $5.00
Commission: $0.00 $0.00 $0.00
Total cost of a 100k trade: $0 $15.4 $12
$15.40 more $12.00 more
Visit Vinson Visit Plus500 Visit AvaTrade

Your capital is at risk. All fees/prices are for informational purposes and are subject to change. Last updated: 09/03/2018.

General Fees

  • Vinson Financials does charge inactivity fees
  • Vinson Financials withdrawal fees varies on payment method

Commissions

  • Vinson Financials does charge commission on CFD shares

What can you trade with Vinson Financials?

FX / Currencies Vinson Plus500 AvaTrade
# of forex pairs offered 61 59
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes
Exotic forex pairs Yes Yes
Cryptocurrencies No Yes Yes
Commodity CFDs Vinson Financials Plus500 AvaTrade
# of commodities offered 17 16
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Indiced & Stock CFDs Vinson Financials Plus500 AvaTrade
# of Stocks offered 1816 99
UK Shares No Yes Yes
US Shares No Yes Yes
German Shares Yes Yes Yes
Japanese Shares No Yes Yes
See Vinson's Instruments See Plus500's Instruments See AvaTrade's Instruments
Your capital is at risk.

What’s the Vinson Financials trading experience like?

1) Platforms and apps

Vinson Financials is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here.

Vinson Financials Screenshot See Vinson's Platforms

Vinson Financials also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.

See Vinson's platforms Your capital is at risk.

Trading Features:

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

Accounts offered:

  • Mini account
  • Standard account
  • Islamic account

Still not sure?

Open a practice account & learn to trade

2) Executing Trades

Vinson Financials allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. Vinson Financials allow you to execute a maxium trade of 100 lot. As Vinson Financials offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, Vinson Financials offer margin up to 0.002 on currencies.

Finally, we’ve listed some of the popular funding methods that Vinson Financials offers its traders on the right.

Funding methods:

  • Credit cards
  • Bank Transfer

3) Client support

Vinson Financials support a limited number including

Vinson Financials have a BrokerNotes double AA support rating because Vinson Financials offer live chat, phone, email support and less than three languages.

4) What you’ll need to open an account with Vinson Financials

As Vinson Financials is regulated by CySEC, MiFID, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore Vinson Financials’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Vinson Financials you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.vinsonfinancials.com on March 21, 2018.