VirtueForex Review Overview
VirtueForex (operated by Virtue Technology Inc., established 2016) is based in Panama City (Ricardo J. Alfaro Ave., Century Tower), with additional bases in Kingstown, Saint Vincent, and London (Virtue Technology Group Limited). The registration it cites, an Aviso de Operacion (155609612-2-2015-2015-478002), is a Panamanian business notice. VirtueForex holds no financial license, and the publisher of the source therefore does not treat it as a licensed overseas FX broker.
| Specification | Detail |
|---|---|
| Operating Company | Virtue Technology Inc. |
| Established | 2016 |
| License | None (Panama business notice only) |
| Platform | MT4 |
Trading Conditions
VirtueForex offers NDD execution on MT4 with up to 1:500 leverage, spreads from 0.9 pips, no commission, a 10,000-yen minimum deposit, a 0.01-lot minimum, a 120% margin call, a 100% stop-out, and zero-cut protection. It claims connections to 16 liquidity providers and 99.9% of orders filled within 13 to 15 milliseconds, both self-reported. It also runs leverage-increase bonus campaigns.
| Specification | Detail |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Spread | 0.9 pips |
| Minimum Deposit | 10,000 yen |
| Margin Call / Stop-Out | 120% / 100% |
Crypto CFDs
VirtueForex offers crypto CFDs on MT4 at 3x leverage with no commission, 24/7: BTC/USD, ETH/USD, ETH/BTC, BCH/BTC, LTC/USD, LTC/BTC, XRP/USD, XRP/BTC, DSH/USD, and DSH/BTC, with a maximum total exposure of 300 BTC.
Funding and Account Managers
Deposits are by Bitcoin, Ethereum, domestic bank transfer (through the Vt Cash online wallet), or international transfer; withdrawals are by bank transfer only. MAM, PAMM, and LAMM accounts are available only to master accounts holding $300,000 or more and with signed management agreements. The demo account expires after 365 days.
Pros and Cons
| Pros | Cons |
|---|---|
| 1:500 leverage with zero-cut on MT4 | No financial license from any regulator |
| 10 crypto CFD pairs, 24/7 | Withdrawals by bank transfer only |
| Bitcoin and Ethereum deposits | Very high threshold for account-manager accounts |
Is VirtueForex a Broker Worth Considering?
VirtueForex’s execution claims and crypto CFDs are notable, but the absence of any financial license is a fundamental weakness. Readers should verify all claims independently and avoid depositing more than they could afford to lose.
FAQ
- Is VirtueForex regulated?
- No, it holds no financial license; the Panama Aviso it cites is a business notice.
- Can I withdraw in crypto?
- No, withdrawals are by bank transfer only.
- What is the maximum leverage?
- 1:500, and 3x on crypto CFDs.
- What is the minimum deposit?
- 10,000 yen.
