VoyaFX Review: Voyafx.com Genuine FCA Company

VoyaFX Review
  • Regulation
  • Fund Safety
  • Customer Support
4.5

Summary

VoyaFX is both licensed and regulated by various bodies around the world. That is a good sign that the broker is legitimate and reliable enough to use for your trading.

The Forex market is one of the world’s largest and most liquid markets. With an average daily volume of over $5 Trillion, it is also among the busiest. Because of its size and liquidity, retail traders have been flocking to this market as a way to make money fast with little capital at risk.

VoyaFX Review, VoyaFX Company

However, because it’s also highly speculative, experienced traders view it as risky and not for everyone. VoyaFX is one of the new Forex brokers that has recently entered the market with unique propositions for novice and experienced traders. Is their service good or bad? Let’s find out.

About VoyaFX.com 

Before using any Forex brokerage, you first need to know whether it’s regulated. This is because using an unlicensed broker can bring about some severe issues that can seriously affect your trading experience. There are numerous genuine forex brokers in the market. You need to choose the best of your preference. 

Firstly, an unlicensed broker has no legal obligation to compensate you in the event of a loss. Secondly, you may even lose money due to fraudulent activity in the background. Fortunately, VoyaFX is a licensed and regulated Forex broker. That means they are legally obliged to provide a fair trading environment and give you a way to recover your lost funds if the broker cheats on you. However, that’s not all. You need to know a few more things before using a Forex broker.

VoyaFx is an established CFD broker run by Financial House Ever AD and Global Clearing House Ltd. Indices, Forex Stocks, Commodities, and Exchange-Traded Funds are just some of the firm’s trading instruments. It is a cutting-edge trading platform and a reliable CFD supplier. Here, traders can enjoy safe and secure trading on various CFD instruments.

Ever Financial AD (formerly Financial House Ever AD) runs the site to highlight its partnerships with Alchemy Prime Ltd and Global Clearing House Ltd.

Ever Financial AD has been operating in the financial sector for the past three decades. Their permits allow them to provide services to customers in the European Union and the European Economic Area and other countries. The company introduced the Trading212.com platform to the financial markets in 2009, and it has since grown to become one of the largest and most well-known in the European Union and the United Kingdom. Trading212.com was separated from the corporation in 2011. Trading212.com’s only source of liquidity has been Ever Financial AD since the company’s launch in 2010.

With time and effort, Ever Financial AD developed a brand-new trading platform, voyafx.com, intending to match the success of Trading212.com.

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Company Address

Any legitimate business ought to be simple to track down. They need to have an open line of communication with their customers. If you are difficult to contact, reassuring customers that their funds are secure won’t do much good. To gain someone’s trust, it’s essential to provide all the information they’ll need to get in touch with you. Phone numbers and email addresses are available to users. This information lets customers locate the broker if they have any queries or concerns about their trading.  

Company Regulation

The most important thing to look for in a Forex broker is their licensing and regulation. VoyaFX is both licensed and regulated by various bodies around the world. That is a good sign that the broker is legitimate and reliable enough to use for your trading. When choosing a Forex broker, you should also consider the type of trading account you want to open. Let’s face it; most Forex brokers cater to all kinds of new or experienced traders.

VoyaFX.com Review, VoyaFX.com Features

As a beginner, you may want to choose a broker with a simple and user-friendly trading platform. The company has an intuitive web-based trading platform that is relatively easy to use. If you are an experienced trader, you may want to consider another broker with a fully-featured desktop application that allows you to control your trading strategy completely.

Here are some of the regulatory bodies under which the firm is regulated: Financial Markets Authority (AMF), Cyprus Securities and Exchange Commission (CySEC), FCA, FSC, VFSC Vanuatu, and Financial Supervisory Authority (Sweden), among others. 

Is VoyaFX Good or Bad?

There is no such thing as a good or bad broker. However, that’s not to say that the broker is not good. We are just saying that you should use caution when using any broker, including VoyaFX. One of the most important things to look for in a broker is their regulation by a credible regulating body. You should also look for a broker that offers trading platforms that are easy to use, even if you are a beginner. Because the Forex market is highly volatile, you want a broker that doesn’t keep you waiting. The broker’s website should be responsive and have a good design that loads quickly. The trading platform’s layout should be intuitive and easy to navigate.

VoyaFX’s high level of regulation is one of its strongest suits because such oversight is essential in the foreign exchange market. The company does identity verification on its traders and treats customer data with the confidentiality required by law.

Pros of using VoyaFX

* Great Regulation – As we’ve already mentioned, one of the best things about the broker is their good regulation. This means they are a legitimate broker with a legal obligation to protect their customers. You can rest assured that your funds are safe with them.

* Good Trading Conditions – If you are new to the Forex market, you may be worried about trading conditions. After all, the market is highly volatile and can change rapidly. Fortunately, the broker offers excellent spot and futures trading conditions.

* Quick Customer Service – When you open a trading account with any broker, you want to be able to get in touch with a customer representative quickly. Fortunately, the broker has a responsive customer service team.

* Trading Education – If you are new to Forex trading, you may want to consider using a broker that offers trading education. This is important for fundamental analysis.

Cons of using VoyaFX

* Higher spreads – One of the issues with trading on the margin is the need to keep a close eye on the broker’s spreads. The spreads are the difference between the price you buy and the price you sell. The wider the spreads, the less money you make for each trade. Unfortunately, the broker has slightly wider spreads than other brokers.

* The broker does not support US-based traders.

Final Verdict

VoyaFX is a highly regulated Forex broker with a good reputation in the industry. They offer trading conditions that are good for both beginners and experienced traders. Besides, their trading platform is easy to use and offers trading guidance for newbies.

However, it is essential to remember that no two brokers are the same. In this Forex broker review, we have discussed some things that make VoyaFX a good broker. Here are other genuine forex brokers that are equally good and maybe better for you. The only way to know for sure is to try one out.

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