Virgobanc is a forex and CFD broker that claims to offer a wide range of trading instruments, including cryptocurrencies, commodities, indices, and stocks. The broker also claims to provide a user-friendly trading platform, competitive spreads, fast execution, and excellent customer support. But is Virgobanc a scam or a legit broker? In this review, we will examine the features, advantages, and disadvantages of Virgobanc, and help you decide whether you should trade with them or not.
Features of Virgobanc
- Virgobanc offers four types of trading accounts: Basic, Silver, Gold, and Platinum. The minimum deposit required to open an account is $250 for the Basic account, $2,000 for the Silver account, $10,000 for the Gold account, and $50,000 for the Platinum account.
- The broker provides access to over 200 trading instruments, including forex pairs, cryptocurrencies, commodities, indices, and stocks. The leverage offered by the broker ranges from 1:100 to 1:400, depending on the account type and the instrument traded.
- Virgobanc claims to use a proprietary web-based trading platform that is compatible with all devices and browsers. The platform has a simple and intuitive interface that allows traders to execute trades with ease. The platform also offers various tools and features, such as charts, indicators, news feed, economic calendar, and trading signals.
- The broker also offers a mobile app for iOS and Android devices that enables traders to trade on the go. The app has similar functionalities as the web platform and allows traders to access their accounts, monitor the market, and place orders from anywhere and anytime.
- Virgobanc provides customer support via phone, email, live chat, and contact form. The support team is available 24/5 and can assist traders with any issues or queries they may have. The broker also has a FAQ section on its website that answers some of the common questions that traders may have.
Advantages of Virgobanc
- Virgobanc offers a variety of trading instruments that can suit different trading styles and preferences.
- Virgobanc provides a user-friendly trading platform that is easy to use and navigate.
- Virgobanc offers competitive spreads and fast execution that can enhance the trading experience and performance of traders.
- Virgobanc provides various educational resources, such as webinars, videos, articles, and ebooks that can help traders improve their knowledge and skills.
Disadvantages of Virgobanc
- Virgobanc is not regulated by any reputable authority or agency. This means that the broker does not adhere to any rules or standards that protect the interests and funds of traders. Trading with an unregulated broker exposes traders to various risks, such as fraud, manipulation, or theft.
- Virgobanc has received several negative reviews and complaints from its clients. Some of the common issues reported by the clients include difficulty in withdrawing funds, hidden fees and charges, aggressive marketing tactics, and poor customer service.
- Virgobanc does not offer a demo account that allows traders to test the broker’s services and platform before investing real money. A demo account is an essential feature that helps traders familiarize themselves with the broker’s features and practice their trading strategies without risking their funds.
Virgobanc is a forex and CFD broker that offers a range of trading instruments and a user-friendly trading platform. However, the broker is not regulated by any authority or agency and has a poor reputation among its clients. Therefore, we do not recommend trading with Virgobanc as it is likely a scam broker that may put your funds and personal information at risk.
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