Vida Markets

Vida Markets Review: Is Vida Markets Broker Good?

Broker overview and general information

Life MarketsIt is a Forex and CFD broker founded in 2010, operating under multiple regulatory bodies in countries such as Cyprus, Anguilla and South Africa. It is regulated by Financial Sector Conduct Authority (FSCA)In South Africa, which helps to increase the credibility and confidence of investors. This broker offers a wide range of assets to invest in, such as Forex, commodities, cryptocurrencies, indices and stocks, catering to both novice and professional investors.

Broker Licensing and Regulation

If you ask whether Vida Markets broker is good or not, you should start by considering the license and registration factors first, which are detailed as follows:

• Financial Sector Conduct Authority (FSCA) License No. 42734 under Vida Global Markets (PTY) LTD.

Broker Products and Services

Trading products

The broker offers a wide range of investment products to suit all needs, covering Forex, Equities (CFD), Indices, Commodities and Cryptocurrencies.

• Trade Forex: Trade Forex and make profits in the world's most valuable market. Trade a wide range of currency pairs, tight spreads, over 34+ pairs to choose from.

• Stocks (Equities CFD): Make profits through global companies such as Google, Amazon, Tesla.

• Indices: Trade global indices on the most popular global indices such as NAS100, UK100, US500X 

• Commodities: Trade commodities and precious metals such as gold, silver, platinum, and energies like oil.

• Cryptocurrency: Trade Cryptocurrency, an asset with no market opening/closing time. Make profits at all times. Pair popular coins to trade. Make profits with a maximum leverage of 1:200.

Trading Platform

You can invest through two platforms: MetaTrader 4 (MT4) and MetaTrader 5.

• MT4:MetaTrader 4A basic trading program suitable for all new investors. Easy to use, convenient, fast, the most convenient platform to start trading.

• MT5:MetaTrader 5A trading program developed from MT4 to be more detailed, suitable for investors with a certain level of expertise, allowing them to use tools to trade efficiently.

Vida Markets Review: Account Types

Brokers provide services by dividing the types of investor accounts into 3 types: STP, ECN and Islamic accounts.

STP Account

• Starting spread 1.2

• Commission 0$

• Maximum leverage 1:1000

• Minimum trade size 0.01

RAW Account

• Starting spread 0.1

• Commission $5 

• Maximum leverage 1:1000

• Minimum trade size 0.01

Swap Free Account (for Islamic Investors)

• Starting spread 1.2

• Maximum leverage 1:1000

• Minimum trade size 0.01

Deposit and Withdrawal Review

The broker supports multiple methods such as bank transfer, credit/debit cards, and cryptocurrencies such as Bitcoin and Tether (USDT), with a minimum deposit of 25 USD.

Customer Service

For foreign investors or Thai investors who want to invest, you can contact customer service 24 hours a day through this channel.

• E-mail:support@vidamarkets.com 

• Supported languages:English, Spanish, Portuguese, Arabic, Vietnamese, Chinese,  Thai, Indian

Broker Review Overview Summary

Life MarketsIt is a broker established in 2010, offering a wide range of Forex and CFD trading services such as commodities, cryptocurrencies, stocks and indices, and is regulated by the regulatory authorities. FSCA (South Africa)This helps to increase its credibility. It has a highlight of the MetaTrader 4 and MetaTrader 5 platforms, supports leverage up to 1:1000 and has a minimum deposit of only $25. It also has a variety of accounts such as STP, ECN and Islamic Account, which are suitable for investors who want to trade Swap-Free. However, the disadvantage of this broker is the lack of a demo account, which may be inconvenient for beginners, as well as limited services in some countries, such as the United States, and relatively few educational resources. This broker is suitable for experienced investors who want access to a variety of assets with high leverage. However, beginners should study more information or choose a broker with a demo account and clear learning resources before starting to invest.

Frequently Asked Questions about Vida Markets

1. How do I open a live trading account with Vida Markets?

• You can open a real trading account by clicking the “Sign Up” button on the website, then following the steps and uploading the required documents for identity verification. After that, you will receive an email with your account information and can start trading.

2. What types of accounts are there?

• There are 3 types of accounts in total:

  • STP Account: No commission, spreads starting at 1.2 pips

  • RAW ECN Account: Lowest spreads from 0.1 pips with $5 commission per lot.

  • Islamic Account: Interest-free account for those who practice Islamic religion.

3. What are the deposit and withdrawal requirements?

• Deposit: This can be done through the customer portal, supporting methods such as credit/debit cards, bank transfers, and crypto.

• Withdrawal: You must use the same channel you used to deposit and it usually takes 1-10 business days depending on the method chosen.

4. Do you offer Copy Trading?

• Brokers have features VM SocialFor Copy Trading, which allows investors to copy strategies from successful traders.

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Vida Markets Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide which broker suits your needs.