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About the company:
VPE is a Germany-based company which offers high-frequency trading with direct market access. VPE is an investment bank established in 1989 in Munich. Much later, the company joined the National Futures Association (NFA, USA). VPE bank received a securities license in 2008.
Nowadays, the quality of VPE`s services is strictly regulated by the Federal Financial Supervision Authority, the Financial Industry Regulatory Authority (FINRA), and the Securities and Exchange Commission (SEC). The regulators frequently conduct inspections and require the bank to provide full reports on ongoing operations. Such strict measures prevent Forex brokers from covering any violations and misleading customers.
As a broker, VPE pledges to deliver comprehensive transaction reports and guarantees risk management as well as access to several asset classes. A wide range of services is available for customers, including consulting and securities lending.
Trading conditions
VPE offers its clients a great number of financial instruments, including 65 currency pairs, trading on the foreign exchange market, the stock market, futures, and options. The minimum deposit starts from $5,000. Thus, the company makes it clear that it is ready to cooperate only with experienced customers. Client funds and company funds are held in segregated accounts in banks of the first category. VPE does not provide bonus programs or promotional offers. Trading on demo accounts is unavailable.
Trading platforms
VPE provides several trading platforms for its customers, such as MetaTrader 4, the most popular platform in the Forex community, CFH Mobile, and vPE FX Pro`s, the company’s own online software.
Customer service
The contact information about VPE, such as the address and telephone numbers, is specified on the official website. The company`s service center is open on weekdays. You can contact customer service via email or through a webform.
Deposit and withdrawal of funds
You can deposit or withdraw funds only by means of a bank transfer and solely in EUR and USD.
Traders’ reviews
Reviews about VPE’s activity on the Internet are mixed. There are some positive comments from professional traders. As mentioned above, the VPE trading with a high minimum deposit is available only to experienced market players. However, there is negative feedback as well. The most common complaints include inability to withdraw funds and software failures of trading platforms.
Advantages and disadvantages of broker
Advantages:
- regulated broker
- wide selection of trading platforms
- deposit transparency
Disadvantages:
- high minimum deposit
- no demo account
- no bonus program
- delays in the work of the customer service
Conclusion
VPE is not on the blacklist of brokerage companies. This is a regulated broker that offers its clients a wide range of financial instruments and a vast selection of trading platforms. Despite negative comments about VPE bank on the Internet, there are no major deficiencies in the company’s activity.
