VoyaFX is a broker designed to be user-friendly for traders of all experience levels. It offers a proprietary platform known for its fast execution times. With over 1,000 assets available, it provides a wide range of trading options. Customer service is available 24/5, and most assets have no commissions.

VOYAFX Pros & Cons

Pros of VoyaFX:

1. Heavily-regulated: Being heavily-regulated indicates that VoyaFX operates under strict oversight, potentially offering increased security and protection for traders.
2. Over 1,000 assets: The availability of a wide range of assets can provide traders with diverse investment opportunities.
3. No commissions on many assets: The absence of commissions on many assets can help traders reduce trading costs.

Cons of VoyaFX:

1. Lowest spreads at 0.9 pips: The mention of “lowest spreads” at 0.9 pips suggests that the spreads offered by VoyaFX may not be as competitive compared to other brokers.
2. No US traders accepted: The restriction on accepting US traders means that individuals residing in the United States cannot open an account with VoyaFX.

Who Is VOYAFX Recommended For?

According to the information provided, VoyaFX is recommended for traders of all experience levels. They offer educational tools and aim to ensure that their traders are educated, making it suitable for beginners who want to learn the basics of trading. Additionally, their user-friendly proprietary platform can be appealing to new traders. However, it’s important to conduct further research and consider individual trading preferences and requirements before choosing a broker.

Account Types

Silver Account:

• Free Trading App
• Fast Verification Process
• Dedicated Customer Support
• Account Currencies: EUR
• Available Leverage: 1:100
• Minimum Deposit: $500
• Starting Spreads: 0.2 pips
• Commission Per Trade: N/A
• Decimal Pricing: Up to 5
• Trading Instruments: Foreign Exchange (FX), Commodities, Indices, Shares/Stocks, Futures/Forwards, CFDs
• Demo Account: No
• Swap/Rollover Free: No
• Copy Trading Support: No

Gold Account (Includes all features of the Silver Account, plus):

• Education Materials

Diamond Account (Includes all features of the Gold Account, plus):

• Technical and Fundamental Analysis
• Minimum Deposit: $25,000

VOYAFX Overview

• Type of Broker: Non-Advisory/Executionary Broker
• Clients Accepted from: 110 Countries
• Assets Offered: Foreign Exchange (FX), Commodities, Indices, Shares/Stocks, Futures/Forwards, CFDs
• Platforms Available: Web, Download, MetaTrader 4, MetaTrader 5
• Mobile Compatibility: Free App
• Payment Types Accepted: Credit/Debit Card, Bank Wire Transfer

Regulation and Security 

VoyaFX is regulated by multiple financial authorities, which adds to the security and trustworthiness of the broker. The regulatory bodies overseeing VoyaFX include:

1. Cyprus Securities and Exchange Commission (CySEC)
2. Financial Markets Authority (France)
3. National Commission for Companies and the Stock Exchange (Italy)
4. Federal Financial Supervisory Authority (Germany)
5. Spanish Securities Market Commission (Spain)
6. Financial Markets Authority (Netherlands)
7. Financial Supervisory Authority (Sweden)
8. Financial Supervision Authority (Denmark)
9. Financial Supervision Authority (Finland)
10. Portuguese Securities Market Commission (Portugal)
11. Financial Services and Markets Authority (Belgium)
12. Financial Market Authority (Austria)
13. Financial Supervision Authority (Estonia)
14. Polish Financial Supervision Authority (Poland)
15. FSC Bulgaria
16. VFSC Vanuatu
17. Financial Conduct Authority (FCA) in the United Kingdom

Regulation by these authorities ensures that VoyaFX operates in compliance with the relevant financial regulations and undergoes regular audits to maintain transparency and protect the interests of its clients. 

Conclusion on VoyaFX 

VoyaFX appears to be a broker that aims to provide a user-friendly trading experience for traders of all experience levels. With its proprietary platform, fast execution times, and wide range of assets, it offers traders diverse investment opportunities. The broker’s multiple regulatory licenses from reputable authorities add to its credibility and may provide a sense of security for potential clients.

It’s worth noting that while the broker offers a range of account types with varying features and minimum deposit requirements, it’s important for traders to carefully consider their own trading needs and preferences before choosing an account type.

To make an informed decision, it’s advisable to conduct thorough research on the broker. Remember that trading in financial markets involves risks, and it’s important to exercise caution, utilize risk management strategies, and only invest what you can afford to lose.