VirtueForex is a Forex company founded in 2013. It is a company based in Panama. With maximum leverage of 777x and no margin, there is no risk of having a debt. There are 35 currency pairs available, which is a little small. Besides, it corresponds to 4 precious metals, 2 energy, and 10 stock index. VirtueForex boasts a high contracting power with a contract rate of 100% and a contract speed of 0.030 seconds, which is a strength that other companies do not have. they are currently expanding globally, and it is expected that the number of users will increase.
Company information
VirtueForex is an overseas Forex brand operated by Virtue Technology Inc. The FX trading service will be available in 2013.
| Operating company name | Virtue Technology Inc |
| Headquarters location | Azuero Business Center 8F Avenida Perez Chitre Panama City, Panama15 |
| license | No |
| Business start date | 2013 |
| Capital | Unpublished |
| number of employees | 15 |
license
A financial license is issued by the financial authorities of the country and is a permit for conducting a financial business. Without this, you cannot carry out business activities. The countries with strict examination standards in the world are said to be the United Kingdom and Cyprus. The UK Financial Conduct Authority (FCA) has very strict not only license acquisition but also maintenance standards, such as having to compensate up to £ 85,000 per person in the event of a Forex trader’s bankruptcy. The Cyprus Securities and Exchange Commission (CySec) is said to be the second highest screening country after the United Kingdom. So is VirtueForex licensed? Unfortunately, there is no license.
Email support
VirtueForex supports the following:
| Inquiry method | Contents |
| You will receive a reply within 24 hours on weekdays. You will receive a reply in about a day. | |
| Live chat | Use chat if you want an immediate response. Available 24 hours a day. |
| Line | Line is a chat app used by Japanese people. The reaction comes early. |
Supported language
VirtueForex is available in two languages. Below is a list of supported languages.
- English
- Japanese
Loss compensation
VirtueForex has a guarantee system.
| Guarantee system | Contents |
| Zero cut | They will not charge any loss in excess of the margin to protect the trader’s funds. There is no risk of having a debt. |
Withdrawal method
VirtueForex supports the following withdrawals:
| Withdrawal method | Withdrawal fee | Reflection time |
| Bank withdrawal | $35 | 72 hours |
Payment method
VirtueForex supports the following deposits.
| Payment method | Deposit fee | Reflection time |
| Bank withdrawal | 4500yen | 24hours |
| Credit / debit card | Free | 24hours |
| bitwallet | Free | 24hours |
Account type
VirtueForex is available for the following account types
| item | Standard |
| Transaction form | NDD |
| Brands handled | Foreign exchange stock |
| Maximum leverage | 777 |
| Transaction fees | Free |
| Spread | 2.3~2.4pips |
| Minimum trading volume | 0.01 |
| Maximum trading volume | 1000 |
| Stop level | 0.0pips |
| Scalping | possible |
| Automatic trading | possible |
| Double-decker | Possbile |
| Stop-loss | 100％ |
| Trading tools | MT4 |
Currency pair
VirtueForex supports a large number of currency pairs.
| Currency pair |
| AUD/JPY |
| CAD/JPY |
| CHF/JPY |
| EUR/JPY |
| GBP/JPY |
| HKD/JPY |
| NZD/JPY |
| USD/JPY |
| ZAR/JPY |
| AUD/CAD |
| AUD/CHF |
| AUD/NZD |
| AUD/USD |
| CAD/CHF |
| EUR/AUD |
| EUR/CAD |
| EUR/CHF |
| EUR/GBP |
| EUR/HKD |
| EUR/NZD |
| EUR/TRY |
| EUR/USD |
| GBP/AUD |
| GBP/CAD |
| GBP/CHF |
| GBP/NZD |
| GBP/USD |
| NZD/CAD |
| NZD/CHF |
| NZD/USD |
| USD/CAD |
| USD/CHF |
| USD/HKD |
| USD/TRY |
| USD/ZAR |
Whether or not withdrawal is refused
It will be the most worrisome place for traders who actually trade. There is no Forex company that refuses to deposit, but I am wondering if I can really withdraw when I can make a profit. What about VirtueForex, as some companies run away at worst? The patterns of withdrawal refusals from past cases are summarized below. Double-decker, scalping, and automated trading are permitted.
| Case study | Contents |
| Bonus withdrawal | Bonuses cannot be withdrawn. |
| Withdrawal while holding a position | You cannot withdraw while you have a position. |
| Trades that overload the system | Making many transactions in a short time using the system violates the trading rules. The account may be frozen. |
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