Vida Markets Review 2023 – Trade With Confidence
As the forex market has reached more than $5 trillion in active trading daily, traders and brokers see this as lucrative. With the increasing number of forex traders, brokers have developed advanced technology and features for traders. Vida Markets LLC is such a technologically advanced broker that aims to increase its traders’ profitability. This article will go through a comprehensive Vida Markets review so that you can know everything about this trending forex broker.
Vida Markets Overview
While Vida Markets is improving its service day by day, currently, they offer forex, equities, indices, commodities, and crypto CFDs. Overall, you can trade 34+ currency pairs, 4 Crypto CFDs, 5 Index CFDs, 6 Share CFDs, and 4 commodities CFDs.
For the trading accounts, the broker offer STP, ECN, and Islamic account. And with these Vida Markets account types, you can open three types of accounts depending on your strategy, goal, and investment. You can open Individual Account, Joint Partnership Account, and Corporate Business Account.
Further, you can use both MT4 and MT5 trading platforms regardless of your account type and investment account. The best thing about Vida Markets is that, the broker offer customer service in 15 different languages.
Vida Markets LLC Quick Summary
|🗺️ Regulation||St Vincent & Grenadines|
|🖥 Platforms||MT4 & MT5|
|💳 Minimum Deposit||No Minimum|
|💰 Deposit Methods||Crypto, Local Depositor, PaymentRush|
|📱 Mobile Trading||MT4 & MT5 app|
|🌍 Web Trading||Yes|
|💵Minimum Trade Size||0.01|
|🎢 Maximum Leverage||1:500|
|🤖 Robots||EA trading is acceptable|
|🎯 Scalping||Yes, however monitored by our Risk department|
|💰 Currencies||USD, GBP, AUD, EUR|
|☎ Customer Support||24/5|
Vida Markets Regulation
Vida provides services in the UAE through Sterling Financial Brokers, which is an authorized and regulated firm by the Securities and Commodities Authority (SCA) under FRN 30502.
Vida Markets is a registered trading name of Vida Global Markets LLC, which has a company number of 270 LLC 2020. The registered office of Vida Global Markets LLC is located at the First St Vincent Bank Building, James Street, Kingstown, St Vincent, and the Grenadines. Vida Markets is completely regulated by Financial Services Authority – St. Vincent & the Grenadines.
Meanwhile, VDM Consultancy DMCC is registered with the Dubai Multi Commodities Centre, and its offices are situated at Level 6, One JLT, Jumeriah Lake Towers, Dubai, UAE. VDM Consultancy DMCC provides marketing and operations services to Vida.
Vida Markets Review: Trading Instruments
Vida Markets is a multi asset forex broker, which provide numerous trading instruments. They offer multiple assets with the latest technology and tools. Following are the instruments you can trade using Vida Markets.
Vida Markets LLC offers a range of forex trading instruments to its clients. The market is liquid and allows an easy entry and exit position for the forex traders. With 34+ pairs available, traders have numerous currency pairs option to begin their trading. Additionally, the 5 USD TRN market offers even more trading opportunities. Vida Markets provides 24/5 trading, allowing clients to trade whenever they choose, and traders can take long or short positions as they see fit. With tight spreads, the broker ensures that clients can trade with minimal costs, making forex trading more accessible to a wider range of investors. Overall, Vida Markets offers a comprehensive forex trading experience, with a variety of instruments to suit different trading strategies and preferences.
Vida Markets offers its clients an opportunity to trade equities in an easy and accessible way. Traders can buy positions in their favorite brands or the most popular companies that are making headlines.
Additionally, traders can take short positions and sell companies that are facing challenges. Traders can purchase and sell shares of the most prominent businesses while also speculating on foreign exchange rates. For instance, you can trade Apple, Google, Facebook, Netflix, Amazon, and Tesla shares.
Moreover, Vida Markets offers a low-margin trading option that enables traders to create a trading strategy with small amounts for swift and efficient trades. Traders can decide whether to trade long or short based on the price action, which allows them to find Bull and Bear markets to coordinate easily. Overall, Vida Markets' equity trading offers a user-friendly and customizable experience, enabling traders to invest in their preferred companies and brands with ease.
Vida Markets offers its clients the opportunity to trade indices and take advantage of global stock markets with ease. Traders can trade the world's economies with just one click, buying and selling all the companies listed on major stock exchanges. This efficient trading process requires lower margins in one position, allowing traders to manage their portfolios effectively.
Vida Markets enables traders to access all the main stock markets from multiple continents, providing a range of trading options. Additionally, traders can buy or sell indices to take advantage of opportunities in Bull or Bear markets, making it a versatile trading experience.
You can access indices like US30, Ger40, NAS100, US50X, and UK100.
Overall, Vida Markets' indices trading provides traders with an efficient and effective way to trade the world's economies, with a range of options to suit different investment strategies.
At Vida Markets, traders have the opportunity to trade the global commodity market, which plays a central role in shaping the global economy. The platform offers a range of commodities to trade, including precious metals such as gold, silver, and platinum, as well as energies such as oil.
Traders can buy or sell commodities at any time, allowing them to speculate on prices or hedge their exposure. Vida Markets offers the most recognized commodities that we use every day, making it a relatable trading experience. Investors can either profit from trading or hedge their exposure by buying or selling to capitalize on price fluctuations.
With Vida Market LLC’s commodities features, you can trade gold, silver, WTI oil, and Brent Crude.
Overall, Vida Markets' commodities trading provides traders with a versatile and dynamic platform to trade the global commodity market.
You can trade popular coins and digital currencies through Vida Markets Crypto CFDs. You can take advantage of the new generation of money in volatile markets with competitive prices and leverage. You can trade all the popular coins and instruments with ease. Using margin, you can trade positions without worrying about the complexity and costs of storage. With Vida Markets, you can explore the digital currency market and benefit from the flexibility and liquidity of Crypto CFDs.
You can trade XETUSD, BTCUSD, AXSUSD, and XRPUSD.
Vida Markets Review: Account Types
You can trade CFDs using an ECN or STP account in Vida. Additionally, it comes with competitive pricing and ample liquidity. Furthermore, they offer a range of built-in tools and platforms to ensure accurate trade execution.
STP and ECN Account
Whether you choose an STP or ECN account, you will get competitive pricing for sure. The raw spreads start from 0.1 pips, while it is 1.2 for STP accounts. However, you can open zero commission account with STP and ECN types. On the other hand, the commission starts from $5/€5/£5 in the Raw account.
On both accounts, you will get leverage up to 1000:1. But the minimum trade size remains the same, which is 0.01.
STP account allows traders to access the interbank market directly without any intervention from the broker. This means that the prices that traders see on the platform are the same as the prices in the market, and trades are executed instantly.
On the other hand, ECN facilitates the direct connection between traders and liquidity providers, including banks and other financial institutions. This allows for more transparency, tighter spreads, and better execution, but it also comes with higher commission fees. Ultimately, the choice between STP and ECN depends on the trader's preferences and trading style.
Vida Markets provides a unique opportunity for Muslim clients to trade on swap-free Islamic accounts. The Islamic account follows the financial principles of Islam. With access to over 100 instruments and leverage up to 1:1000, traders can take advantage of competitive trading conditions, spreads starting from 1.2, and zero swap costs. Clients can trade on both MT4 and MT5 platforms, with a 0.01 minimum trade size. These features allow them to take advantage of the latest market opportunities while following their religious beliefs.
Opening an Islamic Account with Vida
You must first create an account with the company by filling out a short application. Once you have done that, you will need to verify your account and fund it. After these steps are completed, you can reach out to Vida's client services team and apply for an Islamic account.
It is important to note that Islamic accounts are designed to comply with Islamic principles of finance, which prohibit charging or paying interest (riba). Therefore, Islamic accounts typically operate using profit and loss sharing (PLS) or other Shariah-compliant financial instruments. Vida is committed to offering Islamic financial solutions following these principles. So you can be assured that your Islamic account with Vida will meet your religious and ethical requirements.
Individual, Joint, and Business Account
With these account types, you can open an individual, joint, or business account.
For individual traders, the Individual Account is the perfect solution, as it allows them to stay in control of their trades and manage their accounts on their own. For partners who want to trade together, Vida Markets offers the Joint Partnership Account, which provides dual access to partnered trading accounts. This eliminates the need to buy separate accounts for each partner, making trading more convenient and cost-effective.
For corporate clients, the Corporate Business Account is ideal, as it allows them to trade using their company entity. This can be useful for hedging purposes or to gain other financial benefits. With Vida Markets, traders can choose the account type that best suits their needs and enjoy the benefits of trading with a reliable and trusted broker.
Vida Market offers a free simulated trading environment known as a demo account. As a result, prospective traders can practice trading without risking the real money. This account provides access to the same trading platform and tools as a live account. Vida Markets offer these accounts as a way to attract new clients and help them get to grips with the fundamentals of trading. Experienced traders can also benefit from demo accounts by testing out new strategies or familiarizing themselves with a new broker's trading platform. However, it is essential to remember that trading with real money can bring different emotions and risks that may not be present in a simulated environment.
Vida Markets Review: Platforms
Vida Markets LLC offers its service via MetaTrader. You will get access to both MetaTrader 4 and Metatrader 5. Both of these platforms are an incredibly dynamic platform that offers a vast range of trading and technical analysis tools. You can access different markets such as Forex, Indices, Gold, Equities, ETFs, Commodities, and much more.
Vida Markets MT4
MetaTrader 4 allows you to trade forex, indices, metals, oil, and cryptos.
- 9 time frames
- MQL4 Script
- 30 Indicators
- 4 Pending orders
Vida Markets offers the popular MetaTrader 4 platform for trading multiple markets. The markets include the reputable companies’ share, major and minor forex pairs. In addition to that, you can also trade the real-world commodities such as gold and oil.
MT4's advanced charting capabilities allow traders to get in-depth financial instruments and implement CFD trading strategies using a vast range of trading tools. The platform also offers mobile trading features by offering iOS and Android apps. A great example can be MT4 mobile apps. It allows traders to trade CFDs on the move, with 24/7 mobile trading function.
With MT4’s built in technical indicators, analytical objects and signals, you can simplify your trading entry, exit position.
EAs enable traders to set up trading robots to analyze and execute transactions automatically. Further, the one-click trading simplifies the process by allowing traders to execute CFD trades on multiple asset classes with just one click, without the need for extra confirmation.
Vida Markets MT4 also offers award-winning customer support, with toll-free access to experienced customer support team members. They are well-versed in using MetaTrader 4 and can solve any persistent issues with your trading.
Other MT4 features you will get are, access numerous trading indications and signals, customization personal trading setup, expert advisors’ access for automated trading. Also, you will get direct news and alerts access with dynamic price charting using the 9 different timeframes along with cross platform compatibility.
Vida Markets MT5
MetaTrader 5 allows you to trade forex, indices, metals, oil, cryptos, and equities.
- 21 Time frames
- 38 Indicators
- MQL5 Script
- Hedging & Netting
- Market Depth
- 6 Pending Orders
- Economic Calendar
With Vida Markets MT5, you can trade some reputed brands’ shares. For example, you can initiate trading Tesla, Apple, Netflix shares. You will get flexible trading opportunities along with an in-depth market, order types. These ensures that you don’t miss a trade and increase your profitability.
By setting up charts across multiple screens, traders can easily watch all the markets and timeframes they want.
In addition to that you will certainly get fundamental and in depth analysis to forcast the upcoming market trends. Hence, you can stay up to date about any significant market movement and events. Also, copy trading features will be there too. These allow traders to link their accounts with Vida copy trading solutions and earn the same results as proven traders.
Additionally, Traders can join a community of investors with similar interests and receive instantaneous trading signals for all major markets. The MT5 apps for Android or iOS allow traders to trade all major markets on the go. Additionally, MT5 offers virtual hosting (VPS) with Vida Markets LLC, allowing traders to run the platform on a remote server. It ensures orders are executed with minimum delay, and robots run without disruption, even when the trader's computer is closed.
Whether you choose the MT4 or MT5, you can trade through the web, desktop, and mobile platforms.
Vida Markets MT4 and MT5 Cost
With Vida Markets LLC, you can take advantage of a powerful trading platform at no cost. The broker covers the license fee and guarantees that it works on their trading servers. So you can experience all of its capabilities without having to pay anything.
Vida Markets Deposit and Withdrawal
It offers same-day deposit and withdrawal options to its clients. This means that traders can easily deposit funds into their trading accounts and withdraw their profits quickly and efficiently. Same-day deposit and withdrawal services are beneficial for traders who want to have fast access to their funds and do not want to wait for days to receive their withdrawals. Traders can make use of a range of payment options to both deposit and withdraw money when trading through Vida Markets, including Visa/Mastercard, crypto, help2pay, beeteller, and perfect money.
The great thing about Vida Markets customer service is that the company offers support in 15 different languages 24/7. You can contact them via chat, email, or phone call. All the customer support numbers are too free. Hence, you don’t need to pay a penny to make a phone call.
In conclusion, Vida Markets LLC is a technologically advanced forex broker that aims to increase its traders' profitability. The broker offers a wide range of instruments, including forex, equities, indices, commodities, and crypto CFDs. With multiple account types, the broker caters to traders with different strategies, goals, and investment amounts. The broker also provides 24/7 customer support in 15 different languages and allows traders to use both MT4 and MT5 trading platforms. Vida Markets is regulated by the Financial Services Authority in St. Vincent & the Grenadines.
Hopefully, this Vida Markets review can work as a deciding factor for you.
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