VFSC Forex Brokers with the Lowest Deposit
Being regulated by the Vanuatu Financial Services Commission (VFSC) allow many forex brokers to offer affordable trading requirements, one of them being the minimum deposit amount. But, how small is exactly the deposit?
By VFSC-regulated brokers' standard, here is the list of forex brokers providing trading service with the lowest deposit. You can use this reference to choose the most ideal broker should you want to start small in forex trading.
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How a fixed rate help calculate deposits and withdrawals?
With a fixed exchange rate, traders can avoid constantly calculating deposit and withdrawal amounts based on fluctuating exchange rates. For example, if a broker offers a fixed rate of 1.35 USD per AUD, depositing AUD100 will consistently require USD135, regardless of the current exchange rate.
Continue Reading at 3 Reasons Why Broker's Fixed Rate is Good for You
Is it easy to get VFSC license?
Registering a license in VFSC is a truly simple process, implemented with low requirements for setup, where investor only needs to submit a register online, prove an initial capital fund of mere $2,000, pay some fees, and within a 2-3 month, the firm is licensed and registered as a legal forex brokerage.
The VFSC regulator does not demand any proof of company backgrounds, nor check the implementation of secure fund management or basic operation guidelines. They do not demand any regular reporting and never impose fines in case of fraud.
Continue Reading at 3 FSC Forex Regulations That You Should Know
Why e-payment is a good deposit and withdrawal method?
E-wallets are much faster and even guarantee instant payments than other payment methods. Furthermore, forex brokers tend not to charge additional commission fees for depositing via e-wallet. As for withdrawals, the fees are still relatively lower than other methods. When your broker scams you, the e-wallet company can be the third party in the dispute without costing you extra money.
Continue Reading at 5 Top E-Payments for Forex Deposit and Withdrawal
Along with the Reserve Bank of Vanuatu, VFSC is responsible to enact legislation and supervisory activities on the following subjects:
- Anti-Money Laundering and Counter-Terrorism Financing
- Business Names Act
- Company and Trust Services Providers
- Charitable Associations (Incorporation)
- Credit Unions
- Dealers In Securities (Licensing)
- Electronic Transactions
- E-Business
- Financial Institutions
- International Banking
- International Companies
- Mutual Funds
- Offshore Limited Partnerships
- and many others.
Continue Reading at What Does VFSC Regulation Mean for Forex Brokers?
