FiatVisions is an offshore broker that offers trading in Forex, Indices, Commodities – and Stocks. They advertise 3 types of accounts – Beginners, Basic, and Silver. Unfortunately, we were not able to create an account with the broker and our review is based only on information from their website – which is rather scarce.
Overall, the broker does not seem trustworthy, so do read this article before investing any money and giving out your personal information.
Is FiatVisions legit?
No, FiatVisions cannot possibly be categorized as a legitimate brokerage. They are not licensed, but simply registered in an offshore zone. This means that they cannot be trusted, so you’d better find a reliable broker instead – here is a list of such regulated in the European Union.
Otherwise, FiatVisions says to be owned and operated by Green Point Technology Ltd., a company authorized and regulated by the Financial Service Commission (FSC) in Mauritius. This may sound like a credible license, but it’s not – Mauritius is an offshore zone where forex brokers are regulated only formally. The local FSC doesn’t exercise strict supervision over licensed entities, nor has imposed any strict requirements to guarantee consumer protection
To protect your funds and have peace of mind, we suggest that you stick with legit brokers – ones that hold licenses with trusted financial agencies like CySEC in Cyprus, the FCA in the UK, for example. These jurisdictions have created a safe trading environment, and brokers operating there should treat your funds with utmost care. They even have compensation mechanisms in place for traders whose brokers have filed for bankruptcy – for example, clients of UK brokers can get up to GBP 85 000 in compensation.
Can I turn a profit with FiatVisions?
Once again, the answer is no. Most offshore brokers exist with the sole purpose to rip off inexperienced investors, and we have no reason to believe that FiatVisions is any different. If you wish to be successful in the forex market, you need a legit and reliable trading partner, so take a look at a list of such licensed in the UK.
Apart from being registered offshore, FiatVisions doesn’t reveal any of its trading conditions – there is no list of the financial instruments available for trade, nor any clarification about the spreads and leverage levels provided. Such a lack of transparency on key aspects of a forex business is also seen as a red flag. By contrast, all decent forex brokers indicate the spreads on their websites and allow traders to test their services for free. And we couldn’t register a live account with FiatVisions.
What platform does FiatVisions use?
They advertise using some proprietary web-based platform, but we couldn’t open an account with the broker and try it out. There was some error in the registration form, which is quite odd. In any case, we recommend dealing with legit brokers who use reliable and advanced trading platforms like the MetaTrader4 or MetaTrader5.
What leverage does FiatVisions provide?
The broker doesn’t bother to disclose any such information on their website, and we couldn’t register an account either, so we don’t know. Those of you willing to use high leverage levels may check out a bunch of legit brokers who provide at least 1:500.
And here, we have to warn you about the risks high-leveraged trading involves. What leverage does is boost your buying and selling power by providing you with a virtual capital of sorts. So, it can make profitable trades more profitable, but it may also lead to crippling losses.
What is the minimum deposit at FiatVisions?
In the broker’s legal documents. we read that the minimum deposit amount is $100, however, their most basic account type requires an investment of at least $5000.
What payment methods does FiatVisions use?
It seems that the broker works with bank wire, credit/debit cards, and undisclosed alternative payment methods. And we consider bank cards like VISA and MasterCard the safest payment method, regardless of the broker – because of the chargeback option.
Summary
| Broker name | FiatVisions |
| Country | Mauritius |
| Regulation | No |
| Minimum Deposit | $100 |
| Leverage | N/A |
| Trading platform | web |
| Available assets | forex, commodities, indexes, stocks |
| Website | www.fiatvisions.com |
FiatVisions Review Highlights
| 🏦 Broker Name | FiatVisions |
| 📈 Broker Rating | 1/5 |
| 💵 Broker Type | Forex |
| 🗺️ Headquarters | Mauritius |
| ⚖️ Regulation | No |
| 💰 Leverage | N/A |
| 💳 Minimum Deposit | $100 |
| 🖥️ Platforms | N/A |
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