As investors, we are often eager to look for the next best platform to facilitate our trading journey. In an industry where spreads and commissions decide how much your investments eventually earn, it’s a tight place to be in. Today, we would like to introduce you to Vexxsel, a rising star in the online trading world.
Whether you are new to the idea of online trading or an already experienced trader on the hunt to switch your platform, Vexxsel has something to offer everyone.
Speed and reliability govern Vexxsel’s existence and this is why we would like to dive deeper into exactly what is behind this platform.
The First Step: An Account with Vexxsel
As with any brokerage house, the client needs to have a registered account in order to start their trading journey.
Vexxsel has made this process seamless end to end.
|One||Sign Up||Government identification|
While signing up, Vexxsel requires the following documentation:
- Identity: this could be your government-issued photo id with your date of birth clearly mentioned. E.g: passport or driving license.
- Residency: this can be a proof of address such as your GP letter, bank statement, or utility bill.
This private client information is end-to-end encrypted and can never be at risk even in an unlikely event of a data leak.
Vexxsel And Access To Financial Markets
As you would already be aware, very few brokers provide access to a range of asset markets. Most online trading platforms offer access to a limited asset class in order to maintain their quality and repute.
However, Vexxsel has started off ambitiously by offering access to a wide range of financial markets such as below:
|forex||The most liquid market. Trade forex pairings, e.g. USD/GBP|
|indices||Trade the FTSE100, DAX, CAC40 and other top stock exchange indices|
|stocks||Trade units of ownership in top companies and profit from dividends and capital gains|
|metals||Hedge your portfolio against volatility by investing in precious metals such as gold, silver, platinum, and palladium|
|energies||Buy and Sell CFD’s on crude oil and gas|
|commodities||Trade products such as corn, cattle, and wheat.|
|Cryptos||Trade the world’s most popular digital currencies such as Bitcoin|
The client is not obliged to trade in all asset classes. If a particular trader is a content with one asset class, they are encouraged to continue trading in that asset.
The only downside to date is the negative balance protection feature which is yet to go live on Vexxsel’s platform. Till then, traders need to be extra careful in monitoring the market swings to protect their portfolios.
Account Funding And Withdrawals With Vexxsel
Vexxsel has simplified funding for your account.
The trading platform accepts deposits in EUR, USD, and GBP via bank transfer, debit, and credit cards.
Withdrawals are also simplified. However, processing times are often longer for withdrawals. It takes up to 48 hours to process withdrawals with either credit or debit cards or even wire transfers. This is solely to vet any potential discrepancies and any potential fraudulent activity before sending the payment.
Trading Account Types
Different types of trading accounts are embedded within the trading platform in order to facilitate the client on their journey into the financial trading world.
The beginners’ entry-level account is best to start with if you have little to no experience in financial trading.
The VIP account has the most sublime features. Whereas the standard and premium accounts offer benefits tailored to mid-level traders.
It is pertinent to note that all accounts have the option to access a 24/5 customer service facility in case of any issues or technicalities. This is primarily because Vexxsel believes in a high level of customer support to ensure client satisfaction.
Final Verdict: Is Vexxsel A Scam Or Legit?
Based on our analysis and research, we believe Vexxsel to be a legitimate brokerage platform.
If this excites you, contact Vexxsel today via their website. Fill in the secure registration form, upload your documents, and get started on your trading journey.