VXRS TRADE, founded in 2023 and based in the United States, is a relatively new entrant in the trading industry, offering investment opportunities in forex, stocks, cryptocurrencies, and gold.
Despite its ambition to satisfy both wealthy and average investors, one of the main drawbacks is the lack of regulation.
Additionally, as a newly established company, it lacks a proven track record.
While the platform provides accessible features such as a demo account and a low minimum deposit of $31, these benefits are overshadowed by the risks associated with unregulated trading environments.
Pros and Cons
Is VXRS TRADE Legit?
VXRS TRADE is unregulated by any legal financial institution, posing a significant risk for your assets safety. In addition, the domain of this company was registered on December 4, 2023, updated on August 13, 2024, and is set to expire on December 4, 2026.
What can I Trade on VXRS TRADE?
VXRS TRADE primarily focuses on four types of trading instruments: forex, cryptocurrencies, stocks, and gold.
Account Type
VXRS TRADE offers three types of live accounts: the Silver Account, Gold Account, and Platinum Account, but details about account features are not disclosed.
In addition to live accounts, VXRS TRADE also provides a demo account for refining trading skills.
However, given its unregulated status, you are still advised to avoid registering any account on its website.
Deposit and Withdrawal
VXRS TRADE accepts payments via Internal User Wallet payments and the Global ECurrency Payment System. The detailed methods include Payeer, PayPal, Neteller, Perfect Money, Binance Pay, and Skrill.
