Company Profile
Company Profile
Review summary
General Information & Regulation
VZN Forex (VZN Resource PTY LTD) is a St. Vincent & the Grenadines registered online forex broker. VZN Resource PTY LTD and VZN Capital Group PTY LTD (Australia) belong to the same VZN Group. VZN Resource is not regulated in any way, and VZN Capital currently holds an authorized representative license from ASIC in Australia (license number: 001275728). Overall, VZN Forex is an unregulated broker.
Market Instruments
In terms of tradable assets available on the VZN Forex platform, financial instruments offered by VZN Forex to traders include Forex pairs, stocks, indices, commodities, metals, and cryptocurrencies.
Minimum Deposit
VZN Forex offers three different types of trading accounts: Hybrid (minimum initial deposit of $10), Micro (minimum initial deposit of $10), and ECN (minimum initial deposit of $100). The initial deposit of $10 is quite reasonable for most regular traders to get started.
VZN Forex Leverage
In respect to trading leverage, VZN Forex offers the dynamic leverage in light of traders' deposits, the maximum leverage level up to 1:1000. Inexperienced traders are not advised to use way too high leverage level, for it is too risky.
Spreads & Commissions
The spreads on VZN Forex Micro accounts start at 2.0 pips, and there are no trading commissions. The spreads for mix accounts start at 0.7 pips, and commissions are $5 per lot, while the spreads for ECN accounts start at 0.2 pips and commissions are $10 per lot.
VZN Forex Trading Platforms
VZN Forex offers traders the desktop version of the market-leading and highly regarded MT4 platform, as well as the mobile version. MT4 is one of the most popular trading platforms, which benefits from its simplicity, classic design, and powerful analytical tools.
Deposit & Withdrawal
VZN Forex supports traders to withdraw and deposit funds to their accounts through various methods such as wire transfer, VISA & MasterCard, China UnionPay, American Express, Alipay, Perfect Money, and cryptocurrency payment methods to their investment accounts.
Customer upport
As for the VZN forex customer services, there is even no a phone number displayed on its official website, which is quite weird. An email address and a contact form are left there for traders' contact. Overall, the customer support services need to improved greatly for this broker.
