Profile
VIPTRADE is a Georgia-based forex and CFD broker offering leveraged trading across currencies, metals, indices, and cryptocurrencies via MetaTrader 4 and MetaTrader 5. Operated by Forex Company LLC and licensed by the National Bank of Georgia (NBG), VIPTRADE caters to both retail and professional traders with multi-account infrastructure, competitive spreads, and multilingual support. This VIPTRADE review explores its regulatory status, execution model, trading platforms, asset classes, and client protection mechanisms.
Regulation and Security
VIPTRADE is authorised and regulated by the National Bank of Georgia (NBG) under license number 0078/03. While the NBG is a recognised financial authority, it does not impose the same stringent investor protections found in EU or UK jurisdictions (e.g., ESMA or FCA). VIPTRADE operates under Georgian law, with fewer mandatory safeguards such as compensation schemes or strict leverage caps.
Despite this, VIPTRADE states that it maintains segregated client accounts and employs standard risk protocols to ensure the security of client funds and data.
Execution Model
VIPTRADE uses a hybrid execution model combining STP (Straight Through Processing) with market maker functionality. Major forex pairs and metals are routed to external liquidity providers, while some CFD products may be executed internally. This model allows for competitive spreads and fast execution, though execution quality may vary by asset class.
VIPTRADE publishes a best execution policy, and all trade routing is conducted electronically with minimal dealing desk interference.
Trading Platforms and Tools
Clients can trade via two industry-standard platforms:
- MetaTrader 4 (MT4) – Popular for forex trading and Expert Advisors (EAs)
- MetaTrader 5 (MT5) – Suitable for multi-asset strategies with additional timeframes, depth of market (DOM), and built-in economic calendar
Key trading tools include:
- Automated trading via EAs and scripts
- One-click trading and advanced order types
- Technical indicators and custom charting
- Support for mobile, desktop, and web terminals
FIX API access is not advertised publicly but may be offered to institutional clients upon request.
Supported Instruments
VIPTRADE provides CFD trading across a broad range of asset classes:
- Forex – Major, minor, and exotic currency pairs
- Metals – Gold, silver, platinum
- Indices – Global stock indices (e.g., S&P 500, DAX, Nikkei)
- Shares – US and European stocks (CFDs)
- Cryptocurrencies – BTC/USD, ETH/USD, and others
- Commodities – Oil, natural gas, soft commodities
All instruments are traded as derivatives with leverage, and clients do not own the underlying assets.
Account Types and Trading Conditions
VIPTRADE offers a tiered account structure based on trading needs and deposit levels:
- Standard Account – Suitable for retail traders with floating spreads and no commissions
- ECN Account – Raw spreads with commission-based pricing
- VIP Account – Customised conditions for high-volume traders
Typical trading conditions include:
- Minimum deposit: From $100 (varies by account)
- Leverage: Up to 1:1000 (varies by instrument and client classification)
- Spreads: From 0.0 pips on ECN accounts
- Base currencies: USD, EUR, GEL
- Order types: Market, limit, stop, trailing stop, OCO
Retail and Institutional Features
VIPTRADE supports both individual and institutional clients, offering services such as:
- Multi-account management (MAM)
- Dedicated account managers for VIP clients
- Custom liquidity solutions for partners
- IB and affiliate programs
While VIPTRADE lacks prime brokerage infrastructure, its ECN account structure and MT5 support make it suitable for algorithmic and volume-based traders.
Client Protection and Transparency
Under NBG regulation, VIPTRADE implements basic client protection mechanisms:
- Segregated bank accounts for client funds
- Negative balance protection (disclosed in terms)
- Transparent pricing and live market quotes
- Risk disclosures and KYC/AML compliance
However, there is no investor compensation scheme such as FSCS or ICF, and protections are not on par with brokers licensed in the EU or UK.
Base Currencies, Order Types, and API Access
VIPTRADE supports accounts in USD, EUR, and Georgian Lari (GEL). Supported order types include:
- Market and pending orders
- Stop-loss and take-profit
- Trailing stops and OCO orders
MT4/MT5 support automated trading, but FIX API access is not standard and must be arranged through the institutional desk.
Pros and Cons
- Pros:
- Licensed by the National Bank of Georgia
- High leverage options up to 1:1000
- Support for both MT4 and MT5 platforms
- Multi-account structures with ECN pricing
- Multilingual customer support and regional focus
- Cons:
- No EU or UK regulatory protections
- Investor compensation scheme not available
- FIX API access not advertised openly
- No MetaTrader 5 hedging account types
- Limited transparency on execution statistics
Frequently Asked Questions
Is VIPTRADE regulated?
Yes. VIPTRADE is licensed and regulated by the National Bank of Georgia under license number 0078/03. However, it does not hold an EU or UK license.
Which platforms does VIPTRADE offer?
Clients can trade using MetaTrader 4 and MetaTrader 5 across desktop, mobile, and web terminals. Both platforms support technical analysis and EAs.
What is the maximum leverage at VIPTRADE?
VIPTRADE offers leverage up to 1:1000 depending on the instrument and account type. Lower leverage may apply to certain CFDs or client categories.
Does VIPTRADE support institutional clients?
Yes. VIPTRADE offers ECN accounts, MAM solutions, and custom services for institutional and high-volume traders. FIX API may be arranged by request.
Are client funds protected at VIPTRADE?
Client funds are held in segregated accounts, and negative balance protection is offered. However, there is no investor compensation scheme under Georgian law.
