VoyaFX was created to be “easy to use,” according to the company. VoyaFX wanted to be suitable for traders of all experience levels, providing a user-friendly environment for its traders. The broker’s main highlights include its proprietary platform, which is intuitive, ergonomic, and has super-fast execution times.
Another highlight is its wide range of assets, as it offers more than 1,000. Customer service is 24/5, and there are no commissions on most assets. Read on to see a full, in-depth review of what VoyaFX has to offer, from account types to segregated client funds.
Pros and Cons
Pros
- Heavily-Regulated
- Over 1,000 Assets
- No Commissions On Many Assets
Cons
- No US Traders Accepted
Recommended For
According to this broker, they welcome traders who are both new and experienced. They provide educational tools to people who want to know the basics, and their “goal” is to make sure that their traders are educated. They also have a proprietary platform that is easy to use, something that new traders will like. VoyaFX is recommended for all experience levels.
Top Features
|
|
Silver |
Gold |
|
Features |
Free Trading App, Fast Verification Process, Dedicated Customer Support |
Free Trading App, Fast Verification Process, Dedicated Customer Support, Education Materials |
|
Account Currencies |
EUR |
EUR |
|
Available Leverage |
1:100 |
1:100 |
|
Minimum Deposit |
$500 |
$10,000 |
|
Starting Spreads |
0.2 pips |
0.2 pips |
|
Commission Per Trade |
N/A |
N/A |
|
Decimal Pricing |
Up to 5 |
Up to 5 |
|
Trading Instruments |
Foreign Exchange (FX), Commodities, Indices, Shares/Stocks, Futures/Forwards, CFDs |
Foreign Exchange (FX), Commodities, Indices, Shares/Stocks, Futures/Forwards, CFDs |
|
Min. Lot Size Per Trade |
Unlisted |
Unlisted |
|
Max Lot Size Per Trade |
Unlisted |
Unlisted |
|
Demo Account |
No |
No |
|
Swap/Rollover Free |
No |
No |
|
Copy Trading Support |
No |
No |
|
|
Diamond |
|
Features |
Free Trading App, Fast Verification Process, Dedicated Customer Support, Education Materials, Technical and Fundamental Analysis |
|
Account Currencies |
EUR |
|
Available Leverage |
1:100 |
|
Minimum Deposit |
$25,000 |
|
Starting Spreads |
0.2 pips |
|
Commission Per Trade |
N/A |
|
Decimal Pricing |
Up to 5 |
|
Trading Instruments |
Foreign Exchange (FX), Commodities, Indices, Shares/Stocks, Futures/Forwards, CFDs |
|
Min. Lot Size Per Trade |
Unlisted |
|
Max Lot Size Per Trade |
Unlisted |
|
Demo Account |
No |
|
Swap/Rollover Free |
No |
|
Copy Trading Support |
No |
Overview
- Type of Broker Non-Advisory/Executionary Broker
- Regulation & Licensing Cyprus Securities and Exchange Commission (Cyprus), Financial Markets Authority (France), National Commission for Companies and the Stock Exchange (Italy), Federal Financial Supervisory Authority (Germany), Spanish Securities Market Commission (Spain), Financial Markets Authority (Netherlands), Financial Supervisory Authority (Sweden), Financial Supervision Authority (Denmark), Financial Supervision Authority (Finland), Portuguese Securities Market Commission (Portugal), Financial Services and Markets Authority (Belgium), Financial Market Authority (Austria), Financial Supervision Authority (Estonia), Polish Financial Supervision Authority (Poland), FSC Bulgaria, VFSC Vanuatu, FCA (UK)
- Clients Accepted from 110 Countries
- Assets Offered Foreign Exchange (FX), Commodities, Indices, Shares/Stocks, Futures/Forwards, CFDs
- Platforms Available Web, Download, MetaTrader 4, MetaTrader 5
- Mobile Compatibility Free App
- Payment Types Accepted Credit/Debit Card, Bank Wire Transfer
Account Types
| Silver | Gold | |
| Features | Free Trading App, Fast Verification Process, Dedicated Customer Support | Free Trading App, Fast Verification Process, Dedicated Customer Support, Education Materials |
| Account Currencies | EUR | EUR |
| Available Leverage | 1:100 | 1:100 |
| Minimum Deposit | $500 | $10,000 |
| Starting Spreads | 0.2 pips | 0.2 pips |
| Commission Per Trade | N/A | N/A |
| Decimal Pricing | Up to 5 | Up to 5 |
| Trading Instruments | Foreign Exchange (FX), Commodities, Indices, Shares/Stocks, Futures/Forwards, CFDs | Foreign Exchange (FX), Commodities, Indices, Shares/Stocks, Futures/Forwards, CFDs |
| Min. Lot Size Per Trade | Unlisted | Unlisted |
| Max Lot Size Per Trade | Unlisted | Unlisted |
| Demo Account | No | No |
| Swap/Rollover Free | No | No |
| Copy Trading Support | No | No |
| Diamond | |
| Features | Free Trading App, Fast Verification Process, Dedicated Customer Support, Education Materials, Technical and Fundamental Analysis |
| Account Currencies | EUR |
| Available Leverage | 1:100 |
| Minimum Deposit | $25,000 |
| Starting Spreads | 0.2 pips |
| Commission Per Trade | N/A |
| Decimal Pricing | Up to 5 |
| Trading Instruments | Foreign Exchange (FX), Commodities, Indices, Shares/Stocks, Futures/Forwards, CFDs |
| Min. Lot Size Per Trade | Unlisted |
| Max Lot Size Per Trade | Unlisted |
| Demo Account | No |
| Swap/Rollover Free | No |
| Copy Trading Support | No |
Compliance & Regulation
One of the best things about VoyaFX is that it is heavily-regulated, which is always a good thing when you’re dealing with this industry. The entity verifies its traders’ identities, and it treats account information with the care mandated by law. The website is operated by Financial House Ever AD (EU regulated), Alchemy Prime Ltd (FCA UK regulated). For more information, see the tables above.
Reliability & Security
VoyaFX appears pretty reliable, judging from the credentials behind the software. The broker runs on its own proprietary software service, as well as MetaTrader 4 and MetaTrader 5. The website is operated by Financial House Ever AD (EU regulated), Alchemy Prime Ltd (FCA UK regulated) and Global Clearing House Ltd (Vanuatu regulated) together.
User Experience
Users can benefit from VoyaFX’s dedication to security. According to the broker, they use the “highest standards” in cybersecurity. The company also segregates its funds from customers’ funds, meaning that, even if VoyaFX goes broke, customer funds won’t be affected.
The simplicity of VoyaFX is also a benefit, as the broker says that it has taken quite a few steps to make trading available to everyone through its online platform. VoyaFX provides easy, simple-to-use access to markets. Thirdly, the platform offers personal customer service. According to VoyaFX, customer service is provided 24/5, meaning “professionals” are always within reach, should you need their assistance.
Final Thoughts
One of the highlights of this broker is how many assets it offers, as well as how many of those assets are free of commissions fees. If you’re looking for a broker with over 1,000 assets and three different account types, check out VoyaFX.
Contact Info
Luxembourg, Bulgaria, Vanuatu
FAQs
Q: How can I contact VoyaFX?
A: You can contact them via email or phone (see above). Customer support is open 24/5.
Q: In what languages is the VoyaFX website available?
A: It is available in English and Russian.
Q: Is MetaTrader available?
A: Yes. VoyaFX offers MT 4 and MT 5 but also owns its own proprietary platform.
App Store
Google Play