Entering Thoughts
VoyaFX has a lot of features to showcase to new customers, including its long list of assets and extensive daily reports on the markets. Yet, does it prove that VoyaFX is a reliable broker you should collaborate with? Read on to find out.
1st Impression
When you first look at VoyaFX, you can clearly see that this broker works for its customer base. It hopes to inform traders about all market changes and aid them in making thought-through choices. The news section is easy to navigate and interesting to traverse through as it receives info from the greatest banks around the world. Let’s see what else VoyaFX has to offer its users.
VoyaFX: Pros and Cons
- News from leading global banks like Bank of America, Citigroup, JP Morgan.
- Three account types for traders of different levels.
- Social (copy) trading available.
- Zero commission for FOREX, Commodities and Indices.
- Outstanding educational materials for both complete newbies and seasoned investors.
- Silver account type does not have access to the educational materials.
- Currencies and cryptocurrencies are not supported by the platform.
VoyaFX: Trading Assets
VoyaFX has a lot of trading instruments in its pocket, and its customers can reach both GCH and FH EVER assets, including:
- Forex;
- Commodities;
- Stocks;
- Indices;
- Rollover options.
Overall, there are more than 200 CFD instruments waiting for eager traders. The broker also has outstanding terms for investors like zero commission for Forex, commodities and indices. When it comes to Forex, there are more than 100 pairs even at news time. As for indices, you can take advantage of more than 10 of them without fees. Popular stocks like Facebook, Google, Apple and more are available, as well as commodities like gold, oil, silver and much more.
VoyaFX: Account Types
As it was mentioned before, there are three account types trader can choose at VoyaFx. All of them have different starting deposits, features, tools, and possibilities, each suited for various traders, including new ones and experienced professionals. Only customers from Global Clearing House Ltd can use the options presented on the Account Types page. Those who open with Ever Financial AD cannot choose any account type described below.
- Silver Account – Starts from $500 with spreads from 1.0 PIPS. Includes a free trading app, a fast verification process, and customer support.
- Golden Account – Starts from $10,000 with spreads from 0.8 PIPS. Includes a free trading app, a fast verification process, education materials, and customer support.
- Diamond Account – Starts from $25,000 with spreads from 0.6 PIPS. Includes a free trading app, a fast verification process, education materials, customer support, and technical & fundamental analysis.
VoyaFX: Social Trading
Copy trading is a popular feature of many online brokers, and Voya FX also incorporates it as an option for its clients. Thanks to the social trading option, investors can learn from successful individuals, copy what they are doing and use these tactics in their own trading approach later on. It is possible to check the expert’s year-long trading history, which assets they have worked with and the ones they prefer, see how they did and how much returns they have encountered, the possible risks they have faced, and decide if it is the one for you.
In case it is not applicable, you can go back and learn about another trader. In just one click, you can copy the moves the professional has done by following them on the platform.
VoyaFX: Customer Support
VoyaFX boasts its competent customer support that works with clients five days a week, 24 hours a day. If a client needs any immediate help, they can call the broker’s team by phone. Otherwise, it is possible to contact them by filling out the form you can find on the Contact Us page or by writing an email to one of the offices’ customer services departments in Luxembourg, France, Bulgaria, Dubai, and Vanuatu.
VoyaFX.com: Closing Thoughts
As the review comes to an end, it is important to highlight that VoyaFX shows itself as a reliable broker with features suitable for any trader, regardless of the level, which is clear from the three different account types you can find on the platform. In addition to that, there are various assets available for investing and trading, including Forex, commodities, stocks, indices, and a rollover option.
The conditions are generally normal and the commissions are quite acceptable. But the execution of transactions is average in speed, which slightly spoils the impression.
Only positive emotions!
Sometimes the platform works a little slower than I would like. Otherwise, everything is top notch!
There are delays in order execution, which is critical for me, since I trade using short-term strategies. Otherwise, everything is ok, I think, but for me this is a fundamental point, so I had to refuse cooperation.
The first experience of cooperation with the broker was super positive! At first it was scary to start, but I quickly got the hang of it. Everything is intuitively clear, in addition, there is always support if something is unclear. I am very pleased with the speed of execution of transactions. The impressions from the work are only positive, I feel confident in the market, I am glad that I chose it.
Celkovo som s výberom spokojný. Mám však problémy s mobilnou aplikáciou, takže som odpočítal jednu hviezdičku.
Un grand bravo aux créateurs de ce projet, car j’apprends toujours ici, même si j’ai une certaine expérience du trading. Mais la quantité de matériel et d’analyses approfondies continue de me surprendre agréablement.
VoyaFX is the best for market news and analysis, and I check it every day to see what is my next move. Five stars for this outstanding execution, it saved my money.
Lorsque j’ai cherché un courtier, je me suis demandé s’il existait un courtier capable de répondre à tous mes besoins et à toutes mes attentes. Eh bien, il s’en est fallu de peu pour que je devienne un trader heureux. J’ai aimé les spreads et les actifs, mais j’aurais aimé qu’il y ait plus de types de comptes – trois ne suffisent pas.
Vždy som trochu nervózny, keď sa opäť dostanem na obchodnú scénu, pretože prichádzam a odchádzam v závislosti od mojich finančných potrieb. Mám tiež tendenciu vybrať si zakaždým nového brokera. Tentoraz som chcel preskúmať VoyaFX, pretože mi ho predtým odporučili a je perfektný! Najbezpečnejší broker, s akým som sa kedy stretol, s menšími spreadmi a pohodlnými spôsobmi platby. Zatiaľ som tu len získal a budem pokračovať v skúmaní.
Experience was mediocre at best… Everything was great until I wanted to withdraw some money and they did not let me… had to contact the support team three times until they finally funded my card.
Si VoyaFX alguna vez hace que sus representantes de atención al cliente sean más rápidos y serviciales, entonces podría dejar una opinión mejor, ¡pero hasta ahora ha sido inútil para mí! No ayudan con la elección de la cuenta, utilizan un lenguaje duro y tardan una eternidad en responder. Si no fuera por estas personas, me encantaría la plataforma…
They say that it is similar to keeping a whole market in your pocket and I agree, I love how much I can do while on my phone and on the move! With other brokers, I had to have my laptop near as the platforms never really translated well to the smartphone screen, so I feel a lot more chill and unbothered when trading here.