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VPFX group includes 3 related companies.
VPFX AU - located in Australia, regulated by the Australian Securities and Investments Commission (ASIC).
VPFX UAE - located in the United Arab Emirates, regulated by the Dubai Economic Department (DED).
VPFX MY - located in Malaysia, regulated by the Labuan Financial Services Authority (LFSA).
VPFX group accepts clients from all over the world, excluding USA, EEA countries, Afghanistan, Cuba, Cote d'Ivoire, Iran, Libya, Myanmar, North Korea, Sudan, Puerto Rico, Syria, Yemen.
Forex broker offers the following underlying assets for trading.
| 30+ Currency Pairs | Based on major and minor world currencies. |
| 7 Indice CFDs | Based on baskets of different blue-chip stocks. |
| 2 Metal CFDs | Based on Gold and Silver. |
| 3 Energy CFDs | Based on Crude Oil (WTI, Brent) and Natural Gas. |
| 100+ Stock CFDs | Based on shares of US, UK, German and French companies. |
Based out of Malaysia and regulated in the Malaysian offshore zone of Labuan, VPFX (Ventura Prime FX) is a fairly new forex & CFD broker that offers high leverage, a large selection of particularly single stock CFDs, and trading on either the MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms. Besides its headquarters in Malaysia, the broker has one entity in Dubai (regulated by DED there) and one entity in Australia (regulated by ASIC there).
Looking at the instruments that can be traded with VPFX, stock CFDs stand out as an area the broker has focused on. It offers stocks from more than 100 well-known publicly traded companies listed in the US, UK, France and Germany, with big names such as Apple, Amazon, Alibaba, AstraZeneca, Barclays, Airbus, and BNP Paribas being just a few of them.
Other than single stocks, VPFX also offers trading in stock market indices like the German DAX, the Dow Jones Index, and the NASDAQ 100 index. Further, it also has a fairly good selection of forex pairs, precious metals, and energy commodities. What is lacking, however, are things like bonds, crypto and some more commodities, which we believe should be added in order for this broker to have a more complete offering.
At the time of this review, VPFX has three types of trading accounts that it offers clients; Standard, VIP, and Elite - each one distinct in its own way. All three trading accounts can be denominated in either USD, EUR or GBP, and the leverage goes as high as 1:1000 on the Standard account, 1:500 on the VIP account, and 1:200 on the Elite account.
Quite unique for VPFX is that for most ordinary private traders, only the Standard account is a realistic alternative, with its minimum deposit requirement of USD 100. Unfortunately, however, the spreads on trading instruments for this account type are rather high, starting at 1.2 pips.
Next up after the Standard account are the VIP and Elite accounts, with spreads starting from 0.7 and 0.2 pips, respectively. The problem here, however, is that a whopping USD 10,000 and 20,000, respectively, are needed just to get started, which is way over the budget for many new retail traders. As a result, VPFX ends up being just a mediocre forex broker in terms of costs for ordinary traders.
In order to fund a trading account with VPFX, new clients can deposit money via either a bank transfer, credit or debit card, or the e-wallets Skrill, Neteller or Fasapay. Cryptocurrency payments are unfortunately not supported at this point. All of the funding methods accepted by the broker are processed free of charge on the broker’s end when making a deposit, but some methods carry fees for withdrawals.
To reach VPFX’s support team, clients are welcome to call the office in either Malaysia or Dubai, send an email, or use the live chat option on the broker’s website. Unfortunately, the support team’s working hours are not stated publicly anywhere on the site, other than a promise on the account page that all account holders will have access to 24/5 support, which we certainly hope is the case.
All in all, it’s clear to us that VPFX is trying to gain a position in the forex trading market around its main base in Malaysia in particular. Whether this will succeed or not will to a large degree depend on the trading conditions it offers its clients. For now, the minimum deposit requirements do seem very high for the most attractive account types, while only the most basic account type has a minimum deposit that ordinary traders can afford. In our view, this is a problem that should be fixed before this broker can become a popular choice among traders.
