Minimum Deposit: $100
Maximum Leverage: 1:500
My Score: 8.4
Hello my friends! Welcome to my Vaha Trade review. Vaha Trade is a forex and CFDs broker that offers competitive trading conditions. In this review, you will get all the information about the broker.
Here are the questions that you can find answers: Is Vaha Trade scam or reliable forex broker? What are the trading conditions of the broker such as minimum deposit, leverage, spreads, and account types? Is Vaha Trade regulated? Keep reading to get all!
Vaha Trade Regulation and Investor Protection
Regulation and investor protection in the Forex industry is the most important thing. Because there are a lot of scam brokers. You have to be careful when you start trading. Your priority should be to see if the firm has a license or not.
Fortunately, Vaha Trade has a license. The broker operating from the City of Sofia and regulated by the Bulgarian Financial Supervision Commission (MiFID2).
The Markets in Financial Instruments Directive is a European Union law that provides harmonized regulation for investment services across the 31 member states of the European Economic Area.
At Vaha Trade they uphold all aspects of MiFID making sure their clients receive the most secure way of trading:
- Authorisation, regulation and passporting
- Client categorisation
- Client order handling
- Pre-trade transparency
- Post-trade transparency
- Best execution
Vaha Trade says that client safety is their main focus. As Vaha Trade is a regulated broker and in accordance with Client Asset Sourcebook they need to uphold certain rules and obligations offering their clients the fullest security. As stipulated by the MiFID client money rules, Vaha Trade is obliged to segregate all its retail clients’ funds from its own funds.
All client funds are held in separate bank accounts with leading and the world’s top tier one banks and held separately from Vaha’s own funds. This ‘ring-fenced protection‘ means that Vaha cannot use these funds for any operational purpose.
The Financial Supervision Commission (FSC) was established on March 1st, 2003 under the Financial Supervision Commission Act. It is an institution that is independent from the executive authority and reports its activity to the National Assembly of the Republic of Bulgaria. The Commission is a specialized government body for regulation and control over different segments of the financial system – capital market, insurance market, health insurance market, and pension insurance market.
The primary mission of the institution is to assist through legal, administrative and informational means for the maintenance of stability and transparency on the non-banking financial sector, and to ensure the protection of the consumers of financial services and products.
There are different regulators around the world. For example, most-knowns, UK’s FCA, Australian ASIC and CySEC. These regulators require strict rules for instance FCA regulated brokers must hold £730,000 in their bank account to prove their financial stability.
Also, the brokers must keep all client’ money separated from the company`s own funds into segregated accounts. In addition, there is a compensation scheme for the clients. The brokers offers its clients the security of client fund protection under the Financial Services Compensation Scheme (FSCS) covering up to £50,000 in the event of the broker becomes insolvent.
Account Types and Spreads
Currency pairs, stocks, commodities, indices – trade them all under a single account. Vaha Trade offers wide range of instruments for trading through our platforms that allow you to easily take positions in a variety of financial markets.
The spreads are very competitive. Minimum deposit requirement is very low. Vaha Trade provides online trading in Forex and CFD’s Commodities and Precious Metals Including Gold and Silver.
The broker offers first rate customer service, reliable trusted dealing technology, and a transparent No Dealing Desk (NDD) execution model, which enable them to meet the needs of all Forex traders.
Here are the Vaha Trade’ offers
- Over 60 currency pairs
- CFD’s on indices and commodities
- Up to 30:1 leverage (retail clients)*
- Up to 500:1 leverage (professional clients)*
- No Dealing Desk execution
- $100 minimum deposit
- Education & Analysis
Vaha Trade offers the most popular trading platform MetaTrader 4. MetaTrader 4 offers traders access to advanced trading operations in a fast, secure and reliable environment.
This is a big advantage for the broker. Almost all forex trader know this platform. It’s popular because it has awesome features:
- User-friendly interface
- 9 time frames per instrument
- 50+ built-in indicators
- Functionality to layer indicators
- Access market news directly
- Advanced charting and analysis
- Create and use Expert Advisors (EAs)
- Multiple language options
- Trailing Stop Loss functionality
Deposit and Withdrawal Methods
There are many ways to deposit and withdrawal. These are bank wire transfer, credit/debit card (Visa, Master, Maestro), Skrill and Neteller. There should be more options such as PayPal and Bitcoin. But, I am sure that the broker will add more payment methods soon.
Vaha Trade is a reliable forex broker that regulated by Bulgarian Financial Supervision Commission. The trading conditions are attractive. There is MetaTrader 4 platform. It offers also Economic Calendar, Market Sentiment, Calculators, and Central Bank interest rates.