FiatVisions Review – Forex Broker With High Leverage

Embark on a journey to explore the seas of trading with FiatVisions, an offshore broker that beckons you to trade in FX, Indices, Commodities, and Stocks. 

Although we longed to delve deeper into their services, we couldn’t create an account with FiatVisions. Therefore, our FiatVisions review is based solely on the information on their website, which is meager at best.

In addition, we recommend reading our reviews about brokers M4Markets, FXChoice and Fibo Group.

FiatVisions Is Not A Licensed Broker?

The cloak of legitimacy that FiatVisions shows is a mere facade. Their offshore registration and lack of licensure render them unreliable. How can one place faith in a broker that operates without the approval of a credible financial agency?

Despite claims that they are owned by Green Point Technology Ltd., a Mauritian entity regulated by the Financial Services Commission (FSC), the truth is far from comforting. Mauritius, an offshore zone known for its lax laws, only exercises minor control over licensed entities. 

Note: In our pursuit to check the legitimacy of FiatVisions, we searched through the databases of esteemed authorities like FCA (Financial Conduct Authority), ASIC, and BaFin. But, FiatVisions was nowhere to be found in their lists of regulated entities.

FiatVisions is a questionable forex broker that offers high leverage of up to 1:400. This may look like an attractive option for experienced traders, but there are better choices out there. 

FiatVisions is a questionable forex broker that offers high leverage of up to 1:400. This may look like an attractive option for experienced traders, but there are better choices out there.

Warnings From Financial Regulators

FiatVisions has been warned by the Financial Conduct Authority (FCA) in the UK, which is a regulatory body that oversees financial institutions in the country. The FCA has issued a warning to FiatVisions for conducting suspicious trading activity. This is a breach of its regulatory framework. 

The FCA has advised customers to exercise caution when dealing with FiatVisions and to consider their options carefully before investing. FiatVisions is now under scrutiny and must take steps to address the issues identified by the FCA in order to maintain its standing as a trustworthy broker.

Trading Platform and Other Apps on FiatVision

FiatVisions boasts a proprietary web-based platform that apparently offers a unique trading experience. However, our efforts to put it to the test were thwarted by a pesky error in the registration form. 

This leaves us with no means to verify its efficacy. Such a mishap is clearly eyebrow-raising and casts a shadow of doubt over the legitimacy of this broker.

Access to Mobiles Or Tablets

It’s worth noting that despite the registration form error, FiatVisions’ trading platform has some redeeming qualities. For starters, it’s accessible via web browsers, so traders can use it on their mobile and desktop devices. 

This level of flexibility is certainly a plus for those who prefer trading on the go or from the comfort of their homes. However, it’s essential to weigh the pros and cons before trusting any broker. 

Trading Assets and Instruments

The broker covers an extensive range of assets, spanning over 1,500+ assets. These are as follows:

• Currencies
• Stocks
• Indices
• Commodities
• Cryptocurrencies

The platform caters to a diverse audience. One could say that the platform is designed to meet your trading needs. However, be cautious as this broker does not have such a good reputation. 

Active Locations

FiatVisions is open to everyone, except those in the U.S., Iraq, and North Korea. However, here’s the thing: it’s your responsibility to make sure that using FiatVisions is allowed in your area. That means checking to see if any rules or laws prohibit you from using the site.

So, while this broker welcomes users from most places, it’s up to you to make sure you’re in the clear. It’s always best to double-check before diving in!

Accounts Overview

FiatVisions offers a range of different account levels. However, it’s worth noting that the entry-level account requires a substantial deposit of $5,000, which could be a deterrent for novice traders. These are the accounts: 

• Beginner
• Basic
• Silver
• Gold
• VIP

While there are a variety of account options available, it’s essential to carefully consider your needs and financial resources before committing to any one account. As with any investment, it’s important to proceed with caution and make informed decisions.

Can a Trader Use a Demo Account?

It’s important to note that there is no demo account available. This leaves potential users without the option to test the platform before committing to a deposit.

The lack of a demo account could be a considerable drawback for traders who prefer to try out a platform before putting their money on the line. It’s important to carefully consider your comfort level with the platform and the risks involved in using it. 

Terms and Conditions – What You Should Know

FiatVisions has a set of terms and conditions that govern the use of its trading platform. It’s important to note that the details of these terms and conditions are not specified in this context. Yet, it’s always a good idea to read and understand the terms and conditions of any trading platform before engaging in any trading activities.

By reviewing the terms, you can ensure that you are aware of any fees, restrictions, or other factors that could affect your trading experience.

Leverage, Spreads, and Fees

FiatVisions has a high leverage ratio of up to 1:400. This feature can be useful for those who have honed their trading skills and possess the necessary experience to undertake riskier trades. 

Keep in mind that leverage is risky, and you may lose your funds. Always keep this in mind. 

Share Your Experience

At times, navigating the unpredictable waters of the financial market can be tumultuous. If you’ve had a less than satisfactory experience with a broker, we want to offer our support.

Rest assured, there is always a chance to rectify the situation and potentially retrieve any financial loss. 

Our team of experts is well-versed in handling such cases, and we’re committed to helping you get your money back. We encourage you to share your story with us.

What Is the Chargeback Procedure?

The chargeback procedure can be an effective means of recovering your funds. It places the burden of proof on the broker to demonstrate that the charges were legitimate. 

However, it’s important to note that this process can be complex. Other terms may depend on your bank or the payment processor. If this broker steals your money, you can contact us for help!