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Posted

I was onboard with a broker, as it claimed it's true STP broker. I knew it through a contest, and I want to open an account to trade. But this broker offers two account types that I am confused which account to open, here is the link to account descriptions:

https://www.vinsonfinancials.com/en/compare-accounts

Please read and give me your comment. Thanks first.

Well seems this broker is new and haven't gained enough reputation to join them seriously. I can suggest you to test it's classic account with small deposit. But if you want to get down to trade with professional platform I can recommend Hotforex Zero spread account for that purpose. I use them about 3 years and haven't have any issues so far.

Posted

tes it better to start with small investment as you can check broker's dealing in the begning and you can also get feedback from people already trading there.

Posted

Thanks for all your posts and as I checked on their site, the Classic account has swap-free (could be up to 30 days), sounds it's the only advantage so I think Advanced is worthy.

  • 1 month later...
Posted

swap free, is that the islamic account?

Yeah, Swap free account are only offered for Muslims as their religion forbids earning interest. My Muslim fellow is using swap free account from Hotforex and its quite beneficial type of account if you extend your trading over intraday and can keep positions overnight.

First week is free and then some commission applied.

  • 2 weeks later...
Guest davahedging
Posted

Classic account or advance account is depend or our balance and our performance in forex trading. But most professional trader always trade in advance account, such as in Mayzus broker. This is very popular with its advance account because need huge balance.

https://www.mayzus.com/account-types.html

  • 1 month later...
Posted

is this a new broker? mayzus?

i think anything is back to the trader, any account have their plus and their minus, just make sure what account that match to u and u think its work for u.

  • 2 weeks later...
Posted

hotforex offer multiple account types with various trading conditions (no spread, no commission, freeswap, fixed spread,...) for trader to choose. I think you should try it first.

  • 4 weeks later...
Posted

I don’t worry about advance account or classic account, as I have got ECN account with OctaFX broker, the best part about this account is that there is no manipulation at all, although this broker itself is a true ECN account, so even with normal account we won’t find any trouble yet having ECN account just makes thing special and we can start off with just 5 dollars, so that means anyone can take advantage of this and work smoothly while there is especially develop cTrader platform available, it is highly useful due to having wide range of features that are never seen before on Mt4 and more importantly there is hardly ever re-quote or delay with this incredible platform.

  • 3 weeks later...
Posted

I started my trading career through Beginner type trading account of Trade12. There I invested only 250$ but, I found true ECN trading environment from this small investment. In addition, right now I am using their Trader type trading account, as I have already learned actual principles of Forex trading. I believe Forex trading is the most suitable profession for me.

  • 2 months later...
Posted

Well seems this broker is new and haven't gained enough reputation to join them seriously. I can suggest you to test it's classic account with small deposit. But if you want to get down to trade with professional platform I can recommend Hotforex Zero spread account for that purpose. I use them about 3 years and haven't have any issues so far.

Indeed, with a dangerous industry as Forex, even though the old name doesn't guarantee our fund so we must be careful in trading with new forex brokers, at least we should wait until we see several good feedbacks.

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