FiatVisions is a company that offers trading of CFDs on various assets. It is claimed that the company has received awards and has over 10,000 registered traders on its website. However, the website of this broker only appeared in 2023. The organization was registered on the island of Moheli and obtained a license from the local regulator. How reliable do you think it is to trade here?
Trading Conditions
To trade on FiatVisions, you will need to deposit $5,000 or more. There are a total of 5 account types: beginners, basic, silver, gold, and VIP. Depending on the deposit level, clients are offered a personal manager, training, signals, access to event rooms, and VIP services. The leverage can be up to 1:200 and depends on the type of asset. Users are offered over 900 CFDs on the following types of instruments:
- Currencies.
- Cryptocurrencies.
- Stocks.
- Indices.
- Commodities (hard and soft).
The trading platform is available on different devices and, according to the company’s management, has received an award. The management writes about the high speed of the terminal. Technical support is available via chat, email, or phone.
Moreover, leverage here could reach 1:200, which no reputable regulator would allow. These are huge risks. Plus, the company's website states that they take no responsibility in the case of problems. That point also raises concerns.
And finally, this "broker" just appeared recently, and we know nothing about them. We don't have any employee names. There is no information about the management. And there is no certainty that they didn't make up the number of 10,000 satisfied traders. The awards were most likely purchased from PanFinance. It is unlikely that such a company would actually win anything.